Binding Authority Technician

2 weeks 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 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 manager.

**Required Knowledge/Experience**

Graduate calibre or ,five years London Market experience.

Relevant level of technical knowledge and understanding appropriate to position namely:

- Key insurance products including current market conditions;
- FCA rules relating to commercial customers;
- General Insurance and general legal principles;
- Company specific procedures applicable to classe(s) of insurance heading above.
- Willingness to continue to develop knowledge of Technical practices through formal and informal learning, both internally and externally.

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