Binding Authority Technician

2 weeks ago

London, United Kingdom MW Appointments Full time

Job: Binding Authority Technician

**Salary**: £45,000

Location: London

A Lloyd's Broker is looking for a Binding Authority Technician to join their busy team in London.

Job Purpose:
To provide support with existing and new Coverholders and their binding authorities. This will include the provision of basic technical support to the clients via the producers, the business units and those connected companies.

The role will also involve assisting in the general development of the Technical Department in all aspects.

Main Duties:

- Working with the team and supporting the production, maintenance and construction of new and existing Coverholders and their binding authorities in both the UK and abroad.
- Liaison and communication with the prospective and existing clients, Underwriters, Lloyd's and internally
- Classes of business include Travel, PA, Accident & Health, Aviation, Marine and Non-marine Liability, Property, Marine Hull, War and Terrorism.
- Accurate preparation of MRC line slips and binding authorities, endorsements and all associated documentation
- Undertake the setting up, handling and administration of the company's own and third party binding authorities.
- Maintaining Coverholder approval status, uploading documentation, carrying out annual compliance/ attestation tasks using Atlas.
- Monitor and chase the receipt of all required risk, premium and claims bordereaux from Coverholders, as determined under each contract.
- Monitor premium income and aggregate exposures against the binding authority limits.
- Prepare Binding Authority reviews and presentations for internal and external discussion and where appropriate participate in them.
- Attend and contribute to all Binding Authority and Technical team meetings.
- Work with the team which reconciles accounts, bordereaux, declarations investigating any discrepancies with the relevant teams and respond to queries.
- Develop and maintain relationships with Coverholders, Underwriters and other third parties to ensure all needs and requirements are met.
- Create and maintain accurate records in Sector, DCOM, Atlas and Lineage and internal systems and issue all required documentation to Coverholders.
- Preparation of Monthly risk and paid bordereaux
- Reconcile accounts, bordereaux, declarations investigating any discrepancies with the relevant entity.
- Prepare the necessary LPANs and submit contracts to XIS using the A&S system

In order to be successful for the role, you must have previous experience within a similar role within Lloyd's Insurance market, good knowledge of binding authorities and MRC Slips.

REF: 8864

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

  • Binding Authority Technician

    4 days ago

    London, United Kingdom Insight Recruitment Solutions Limited Full time

    A well established Lloyd's broker seeks a Binding Authority Technician to provide a quality technical service to Brokers and Clients, arranging and managing accurate client and Underwriter documentation to be produced and delivered within appropriate timeframes,all in accordance with FCA requirements. In this role there will be exposure to all classes of...

  • Binding Authority Technician

    5 days ago

    London, United Kingdom Crone Corkill Full time

    **I am currently recruiting for a Binding Authority Technician position for an Insurance firm, based in Fenchurch Street.** **Role Function** - Responsibility for the efficient processing of allocated Binding Authority Technical work consistent with CIBL service levels. - To process and manage the Binding Authority Accounts by a process of de-broking...

  • Binding Authorities Technician

    4 days ago

    London, United Kingdom Next Employment Full time

    City based Reinsurance Broker is looking for an experience Binding Authorities Technician to join their rapidly growing team. You will be responsible for managing the various servicing requirements for assigned client accounts. This includes, but is not limited to, Bordereaux processing, Contract preparation, Coverholder Compliance and Support, and...

  • Binding Authority Technician

    2 weeks ago

    London, United Kingdom The Actuary Full time

    New Vacancy - Binding Authority Technician Lloyd's Broker City of London HFG are currently recruiting for a leading Lloyd's Broker who are seeking a Binding Authority Technician to join their growing team. This role will consist of an even split of premium processing, drafting contracts and general client relationship handling. Experience with...

  • Binding Authority Technician

    2 weeks ago

    London, United Kingdom HFG Insurance Recruitment Full time

    New Vacancy - Binding Authority TechnicianLloyd's BrokerCity of LondonHFG are currently recruiting for a leading Lloyd's Broker who are seeking a Binding Authority Technician to join their growing team.This role will consist of an even split of premium processing, drafting contracts and general client relationship handling. Experience with European binder...

  • Binding Authority Technician

    3 weeks ago

    London, United Kingdom HFG Full time

    New Vacancy - Binding Authority TechnicianLloyd's BrokerCity of London HFG are currently recruiting for a leading Lloyd's Broker who are seeking a Binding Authority Technician to join their growing team. This role will consist of an even split of premium processing, drafting contracts and general client relationship handling. Experience with European binder...

  • Binding Authority Technician

    2 weeks ago

    London, United Kingdom The Actuary Full time

    New Vacancy - Binding Authority Technician Lloyd's Broker City of London HFG are currently recruiting for a leading Lloyd's Broker who are seeking a Binding Authority Technician to join their growing team. This role will consist of an even split of premium processing, drafting contracts and general client relationship handling. Experience with...

  • Binding Authority Technician

    1 week ago

    City Of London, United Kingdom HFG Insurance Recruitment Full time

    New Vacancy - Binding Authority TechnicianLloyd's BrokerCity of London HFG are currently recruiting for a leading Lloyd's Broker who are seeking a Binding Authority Technician to join their growing team. This role will consist of an even split of premium processing, drafting contracts and general client relationship handling. Experience with European binder...

  • Binding Authority Technician

    2 weeks ago

    City Of London, United Kingdom HFG Insurance Recruitment Full time

    New Vacancy - Binding Authority TechnicianLloyd's BrokerCity of LondonHFG are currently recruiting for a leading Lloyd's Broker who are seeking a Binding Authority Technician to join their growing team.This role will consist of an even split of premium processing, drafting contracts and general client relationship handling. Experience with European binder...

  • Binding Authority Technician

    2 weeks ago

    City Of London, United Kingdom HFG Insurance Recruitment Full time

    New Vacancy - Binding Authority TechnicianLloyd's BrokerCity of LondonHFG are currently recruiting for a leading Lloyd's Broker who are seeking a Binding Authority Technician to join their growing team.This role will consist of an even split of premium processing, drafting contracts and general client relationship handling. Experience with European binder...

  • Binding Authority Technician

    2 weeks ago

    City Of London, United Kingdom HFG Insurance Recruitment Full time

    New Vacancy - Binding Authority TechnicianLloyd's BrokerCity of LondonHFG are currently recruiting for a leading Lloyd's Broker who are seeking a Binding Authority Technician to join their growing team.This role will consist of an even split of premium processing, drafting contracts and general client relationship handling. Experience with European binder...

  • Binding Authority Technician

    2 weeks ago

    City of London, United Kingdom Brook Street UK Full time

    Our client is well known Lloyd's/London market Insurance brokers and they are urgently recruiting for an experienced Binding Authority Technician to join their North American Property team for a 12 month FTC.Ideally will have experience in a similar role on North American Property but other classes of business with definitely be considered for candidates...

  • Binding Authority Technician

    4 days ago

    City of London, United Kingdom Brook Street UK Remote Work Freelance Full time

    Our client is well known Lloyd's/London market Insurance brokers and they are urgently recruiting for an experienced Binding Authority Technician to join their North American Property team for a 12 month FTC.Ideally will have experience in a similar role on North American Property but other classes of business with definitely be considered for candidates...

  • Senior Insurance Technician

    2 weeks ago

    London, United Kingdom Bruin Full time

    Ref: 37046We are working with a global Insurance Broker to hire an experienced Technician to join their growing team in London. (Only 4 days a month required in London office)In this role, you will be responsible for the production and renewal of Binding Authorities / Slips, ensuring all are in acceptable order in line with both Lloyd’s and the business...

  • Binding Authority Broker

    2 weeks ago

    London, United Kingdom MW Appointments Full time

    Summary An exciting opportunity for a Binding Authority specialist to join an established and independent Lloyd's broker. The focus is on delivering innovative solutions and maintaining enduring relationships with clients and partners. Role Overview … We are in search of an Experienced Binding Authority Broker / Account Executive who...

  • Broker - Binding Authority

    7 days ago

    City of London, United Kingdom Bruin Financial & Professional Services Full time

    Broker - Binding Authority Our client, a leading Global Insurance Broker, are seeking a Binding Authority Broker to join their business. If you are looking for that next step in your career, this role is perfect for you.

  • Binding Authority Broker

    3 weeks ago

    City of London, Greater London, United Kingdom MW Appointments Full time

    An exciting opportunity for a Binding Authority specialist to join an established and independent Lloyd's broker. The focus is on delivering innovative solutions and maintaining enduring relationships with clients and partners. Role Overview … We are in search of an Experienced Binding Authority Broker / Account Executive who possesses an in-depth...

  • Binding Authority Technician

    3 weeks ago

    City of London, Greater London, United Kingdom Brook Street UK Full time

    Our client is well known Lloyd's/London market Insurance brokers and they are urgently recruiting for an experienced Binding Authority Technician to join their North American Property team for a 12 month FTC. Ideally will have experience in a similar role on North American Property but other classes of business with definitely be considered for...

  • Binding Authority Technician

    3 weeks ago

    City of London, Greater London, United Kingdom Brook Street UK Full time

    Our client is well known Lloyd's/London market Insurance brokers and they are urgently recruiting for an experienced Binding Authority Technician to join their North American Property team for a 12 month FTC. Ideally will have experience in a similar role on North American Property but other classes of business with definitely be considered for...

  • Binding Authority Technician

    3 days ago

    City of London, Greater London, United Kingdom Brook Street UK Full time

    Our client is well known Lloyd's/London market Insurance brokers and they are urgently recruiting for an experienced Binding Authority Technician to join their North American Property team for a 12 month FTC. Ideally will have experience in a similar role on North American Property but other classes of business with definitely be considered for...