About Xceedance
Xceedance: Your Trusted Partner for Innovative Insurance Solutions and Services. Join Us in Transforming the Future of Insurance Together.
Experience: 3-5 Years
Location: Gurgaon (GGN) / Noida
Job Summary
Seeking professionals with hands-on experience in the UK/Lloyd’s Insurance market, possessing strong knowledge of the end-to-end policy lifecycle, premium processing, and London Market operations. The role involves managing policy transactions, premium calculations, endorsements, and stakeholder coordination while ensuring accuracy and compliance.
Key Responsibilities
- Managing the end-to-end Lloyd’s insurance placement process, including Submission, Quote, FON, Bound, Declaration, and Endorsement processing.
- Handling Bureau, Non-Bureau, and Company Market transactions.
- Reviewing and processing insurance documentation in line with Lloyd’s Market standards.
- Interpreting and validating Lloyd’s Market Reform Contracts (MRC).
- Performing premium, tax, and deduction calculations with high accuracy.
- Supporting policy issuance, endorsements, renewals, and premium collection activities.
- Ensuring compliance with client requirements, SLAs, and regulatory guidelines.
- Coordinating with brokers, underwriters, and stakeholders to resolve policy and processing queries.
Required Skills
- 2-5 years of experience in UK/Lloyd’s Insurance Operations.
- Strong understanding of the Lloyd’s insurance placement process and policy lifecycle.
- Knowledge of Submission, Quote, FON, Bound, Declaration, and Endorsement processing.
- Experience working across Bureau, Non-Bureau, and Company Markets.
- Sound understanding of Lloyd’s MRC structure and documentation.
- Expertise in premium, tax, and deduction calculations.
- Excellent communication and stakeholder management skills.
- Strong attention to detail and commitment to quality.
Preferred Skills
- Experience working on the Eclipse Policy Administration System.
- Prior experience with a Lloyd’s Insurance organization or London Market operations.
Exclusions
- US Insurance experience only.
- Claims-only experience (UK or US).
Keywords: Lloyd’s Insurance, London Market, Policy Processing, Premium Processing, MRC, Bureau Market, Non-Bureau Market, Eclipse, Endorsements, Insurance Operations.