Senior Binding Authority Specialist

4 weeks ago


London, Greater London, United Kingdom Gallagher Full time

About the Role

We are seeking a highly skilled Senior Binding Authority Specialist to join our team at Gallagher Re. As part of our Binders Technical Operations Division, you will play a crucial role in supporting the processing and resolution of queries related to the end-to-end premium bordereau processing.

Working closely with team members based in the UK front office and offshore in India, you will have the opportunity to deliver a comprehensive experience for our clients. If you are a driven, detail-oriented Senior Technician ready to contribute to our expanding knowledge base, we want to hear from you.

Key Responsibilities

  • Process complex technical transactions, which are mostly related to monthly bordereau for Binding Authorities.
  • Support the resolution of pre-processing queries raised by our offshore team within 48 hours of receipt.
  • Manage the relationship with our Accounting and Credit Control Team, with accountability to support the reconciliation and collection of premium.
  • Carry out ad hoc tasks that may arise from time to time as specified by their line manager.

About You

  • Strong understanding and experience in bordereau processing.
  • Ability to demonstrate an excellent level of technical insurance knowledge and understanding of the Industry and its regulators.
  • Demonstrates a complete understanding of the full end to end process model across all disciplines, including all associated Service Level Agreements (SLA's) and Turnaround Times (TAT's).
  • Strong understanding and experience working with the Bureau (Xchanging now known as DXC) in the workings of accounting and settlement (A&S) protocols and activity as they relate to the function of premium process and signings.
  • Working knowledge of Facultative business and Proportional Treaties as well as Line Slips and Binding Authorities.
  • Good understanding of Market Reform Contract (MRC) Compensation and benefits.

What We Offer

  • On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.
  • Minimum of 25 days holiday, plus bank holidays, and the option to 'buy' extra days.
  • Defined contribution pension scheme, which Gallagher will also contribute to.
  • Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x.
  • Income protection, we'll cover up to 50% of your annual income, with options to top up.
  • Health cash plan or Private medical insurance.
  • Three fully paid volunteering days per year.
  • Employee Stock Purchase plan, offering company shares at a discount.
  • Share incentive plan, HMRC approved, tax effective, stock purchase plan.
  • Critical illness cover.
  • Discounted gym membership, with over 3,000 gyms nationally.
  • Season ticket loan.
  • Access to a discounted voucher portal to save money on your weekly shop or next big purchase.
  • Emergency back-up family care.


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