Binding Authority Technician

1 month ago

London, United Kingdom MW Appointments Full time

BINDING AUTHORITY TECHNICIAN to £50,000

LLoyds Broker in the city of London is seeking to recruit an experienced Technician.

Personal Responsibilities To provide a quality Binding Authority technical service to Brokers & Clients covering all aspects of their insurance business;
To advise, manage and arrange for accurate client and/or Underwriter documentation to be produced and delivered within the appropriate timeframes; all in accordance with FCA requirements.

To ensure that a professional and efficient manner and a high standard of service is maintained at all times.

Role Function
- Responsibility for the efficient processing of allocated Binding Authority Technical work consistent with service levels.
- To process and manage the Binding Authority Accounts by a process of de-broking accounts and processing Monthly Premium Bordereau as received from Brokers on the "In house" binders and Overseas Coverholders on the Third Party Binders.
- To ensure that monthly Premiums and Bordereau are submitted and signed to Xchanging within the settlement terms of the individual binders.
- To ensure that all communications, including Technical documentation is accurate and recorded in accordance with internal and FCA requirements.
- Ensure that files, placements and insurance documentation are recorded correctly and accurately onto internal systems including the allocation of monies as and when received.
- Ensure that client's needs are met by exercising due diligence in the handling of all Binding Authority Technical aspects.
- To comply with the requirements of the company's policies and procedures.
- To carry out any duties assigned in a responsible, positive and helpful manner, thereby demonstrating a courteous attitude to all work colleagues and customers.
- To carry out any other reasonable duties as and when requested by your manage

Five years London Market experience

Ref 8938

MW Appointments is acting as an Employment Agency in relation to this vacancy.

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