BDX/LPAN (Management Of Insurance Data)

Key Responsibilities

BDX (Bordereaux) Processing

• Review and validate Bordereaux data provided by coverholders and brokers for accuracy and compliance with market standards.
• Analyze and reconcile premium and claims Bordereaux data, ensuring accuracy in reported figures.
• Address discrepancies and inconsistencies in Bordereaux data by liaising with relevant stakeholders.
• Process Bordereaux submissions through relevant systems, adhering to deadlines and ensuring correct data formatting.
• Ensure all BDX processing aligns with regulatory and company standards, particularly around GDPR and data privacy.

LPAN (London Premium Advice Note) Creation

• Create and submit LPANs, ensuring all premiums and claims transactions are documented accurately for the London Market.
• Work closely with brokers and underwriters to capture all necessary data for LPANs, facilitating the issuance and approval process.
• Maintain accuracy in LPAN creation, double-checking policy and premium details to avoid errors in payment processing.
• Reconcile LPAN records with internal systems and address any discrepancies that arise.
• Ensure that LPANs are submitted within agreed-upon timelines, minimizing delays in premium collections and claims settlements.

Education

• Bachelor's degree in Finance, Business, Accounting, or related field preferred.
• London Market Experience is needed.

Experience

• 2-5 years of experience in Bordereaux processing and LPAN creation, ideally within the London insurance market.
• Strong familiarity with Xchanging/IMR or similar insurance processing systems.

Perks and Benefits

• Hybrid mode after training with travelling allowance.
• Fixed UK shift.