Senior Binding Authority Technician

3 weeks ago

London, Greater London, United Kingdom MW Appointments Full time
Senior Binding Authority Technician

We are seeking an experienced Senior Binding Authority Technician to join our team at MW Appointments. As a key member of our technical support 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.
Requirements:
  • 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.
What We Offer:
  • Competitive salary based on your diversity and level of relevant skills and expertise.
  • Annual performance bonus.
  • Private Health Cover and Pension.
  • Flexible working arrangements, including the option to work a 4-day week in the City office and get paid for full 5 days, or work 2 days in the City office with 3 days working from home.

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