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London, Greater London, United Kingdom MW Appointments Full timeJob SummaryAre you looking for a challenging role in the insurance industry? We have an exciting opportunity for an experienced Binding Authority Technician to join our team at MW Appointments. This is a key role where you will work closely with our technical support team, placing brokers, account executives, clients, bureaux, and markets to ensure the...
Senior Binding Authority Technician
2 months ago
We are seeking an experienced Senior Binding Authority Technician to join our team at MW Appointments. As a key member of our operations team, you will play a crucial role in ensuring the effective placement and servicing of binding authorities and open market accounts on behalf of intermediaries based in Europe.
Key Responsibilities:- Coordinate technical support functions to ensure the effective placement and servicing of binding authorities and open market accounts.
- Prepare and check documentation for Lloyd's and Company market presentations.
- Create Cover and Debit Notes, and assist in creating broking presentations for new and renewal business.
- Process risks and premium bordereau, and review and provide claims history and loss information to other divisions and clients.
- Liaise with Xchanging/Velonetic regarding payment of premium to market and bureau, and assist with any queries.
- Strong technical support experience for Binding Authority.
- Understanding of Lloyds processes and platforms, and monthly bordereau management.
- Solid understanding of industry regulations and compliance requirements (CASS rules and legal principles governing insurance).
- Proficiency in insurance funds processing and policy issuance, and proficiency in using insurance management software and other relevant technology.
- Opportunity to work a 4-day week in our City office and get paid for full 5 days.
- Or, if you prefer, work 2 days in City office with 3 days working from home.
- Salary is open and will be based on your diversity and level of relevant skills and expertise.
- Annual performance bonus.
- Private Health Cover/Pension.