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Senior Binding Authority Technician

2 months ago

London, Greater London, United Kingdom MW Appointments Full time
{"title": "Senior Binding Authority Technician", "content": "Key Responsibilities

As a Senior Binding Authority Technician, 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.

You will work closely with the technical support team, placing brokers, account executives, clients, bureaux, and markets to coordinate a diverse range of technical support functions.

Some of your key duties will include:

  • Preparing and checking documentation for Lloyd's and Company market presentations
  • Creating Cover and Debit Notes
  • Assisting in the creation of Broking presentations for new and renewal business
  • Preparing triangulations on a monthly basis
  • Processing risks and premium bordereau
  • Processing claims bordereau and claims collection in a timely fashion
  • Reviewing and providing claims history, loss information, major claims analysis, and figures to other divisions, underwriters, and clients
  • Dealing with accounts procedures, including credit control, cash allocations, accounts reconciliation, and analysis of results
Requirements

To be successful in this role, you will need to have:

  • Strong technical support for Binding Authority experience
  • 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)
  • Knowledge of professional indemnity, personal accident, D&O, and general liability classes (preferred but not essential)
  • Proficiency in insurance funds processing and policy issuance
  • Proficiency in using insurance management software and other relevant technology
What We Offer

We offer a competitive salary, annual performance bonus, private health cover, and pension scheme.

You will also have the opportunity to work a 4-day week in our City office and get paid for a full 5-day salary, or work 2 days in the City office and 3 days from home.

", "company": "MW Appointments", "location": "City office"}