Operations Analyst - Hedge Fund
Receive, review and process incoming bordereaux from Coverholders and TPAs in line with binding authority agreements. Ensure data quality and compliance with Lloyd’s Coverholder reporting standards and other regulatory requirements. Maintain bordereaux schedules and ensure timely ingestion into internal systems. Create reports and trend analysis as required.
Key Accountabilities
- Receive, review and process incoming bordereaux from Coverholders and TPAs in line with binding authority agreements.
- Ensure data quality and compliance with Lloyd’s Coverholder reporting standards and other regulatory requirements.
- Maintain bordereaux schedules and ensure timely ingestion into internal systems.
- Create reports and trend analysis as required.
Data Validation and Upload
- Cleanse, map and upload bordereaux to internal systems.
- Identify and investigate anomalies, missing data and contract breaches.
- Resolve queries from outsource partners e.g. coverholders, brokers, TPAs.
Stakeholder Collaboration
- Liaise and collaborate with internal teams, including underwriting, finance, claims, external partners, Coverholders, Broker and TPAs.
- Support Underwriters in monitoring binder performance.
- Highlight and escalate persistent data or performance issues.
- Support the Bordereaux Manager in handling queries and reporting requirements.
Role Requirements
- Prior experience in a Bordereaux Technician or Analyst role within the Lloyd’s (or Company) Market.
- Familiarity with Lloyd’s regulatory framework and underwriting processes.
- Strong understanding of bordereau types: premium, claims and risk.
Skills & Competencies
- Strong Excel skills (pivot tables, lookups, data cleaning).
- Experience with data integration/mapping tools.
- Understanding of bordereaux formats, mapping and validation techniques.
- Ability to interpret risk, premium and claims datasets.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and organisational skills.
- Good communication with internal and external stakeholders.
- Ability to manage deadline, proactive approach to data quality and improvements.
Qualifications & Experience
- Experience in delegated authority, bordereaux management, insurance data analysis.
- Knowledge of Lloyd’s and/or company market bordereaux practices including experience with systems such as Atlas, DCOM, IMR & Crystal.
- Educated to at least A-level standard.
- Relevant professional qualifications e.g. CII, LM1/LM2 preferable (or desire to work towards).
About Westfield
Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd’s of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.
Equal Opportunity Employer
United States: All applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.
United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management. #WSPI
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