Binding Authority Specialist

4 weeks ago


London, Greater London, United Kingdom Miller Full time
Job Title: Binding Authority Technician

Miller Insurance is seeking a highly skilled and detail-oriented Binding Authority Technician to join our team. As a key member of our technical administration team, you will be responsible for providing prompt, accurate, and effective technical support to our clients and business units.

Key Responsibilities:
  • Monitor and track impending renewals, providing timely information to Account Executives to enable terms to be obtained and firm orders placed.
  • Liaise with Account Executives to ensure all relevant information is gathered for market documentation and that it matches client/market requirements.
  • Collaborate with Account Executives to achieve agreement from markets where required and maintain a diary/pending system to monitor progress.
  • Produce accurate and timely client documentation.
  • Maintain accurate and concise placing files using the corporate document management system.
  • Liaise with compliance and credit control to ensure all procedures are followed.
  • Ensure aggregate and GPI limits are correctly maintained within Binder management systems.
  • Be responsible for maintaining accurate data and records within Binder management system.
  • Produce exception and trend analysis reporting, profit commission calculation, and key performance indicator reports.
  • Prepare and submit London Market Insurance documentation, including submission of LPANs and supporting documents to Xchanging.
  • Review, monitor, and provide resolution to technical questions from clients, markets, credit control, claims, and the business unit, ensuring the client's best interests are maintained.
  • Provide updates and progress reports to management as required.
  • Maintain a diary system to ensure files are appropriately progressed.
  • Monitor signings received from Xchanging and ensure timely resolution of queries and settlement of premiums, advising the business as required.
  • Perform quality control checks on all documentation.
  • Ensure Binding Authority contracts are set up within internal Binder management systems in a timely fashion.
Requirements:
  • CII qualifications or ongoing progress towards these is desirable.
  • GCSE grade C or above in English and Maths.
  • Minimum of 3 A level passes (or equivalent).
  • Strong analytical skills.
  • Strong knowledge of binders process.
  • Experience working in a technical binder processing role essential.
  • Experience with the use of Lloyd's market tools, including Atlas, DCOM, and Crystal.
Benefits:

On top of a competitive salary, we offer a fantastic benefits package, including:

  • 10% pension contribution from Miller, with a matching scheme up to 5%.
  • Private Medical Insurance.
  • Medicare cash plan.
  • Minimum of 25 days annual leave (with flexibility to buy or sell).
  • Life Assurance.
  • Income Protection.
  • Critical Illness cover.
  • Enhanced Maternity, Paternity Adoption, and Shared Parental Leave.

Miller is committed to providing equal opportunities to all applicants and creating an inclusive working environment for all.



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