Senior Binding Operations Specialist

3 weeks ago


London, Greater London, United Kingdom Gallagher Full time

About the Role

We are seeking an experienced Senior Binding Technician to join our Binders Technical Operations Division at Gallagher Re. In this role, you will play a crucial part in supporting the processing and resolution of queries related to 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.

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 as specified by your line manager.

Requirements

  • Strong understanding and experience in bordereau processing.
  • Excellent level of technical insurance knowledge and understanding of the Industry and its regulators.
  • Full understanding of the end-to-end process model across all disciplines, including SLA's and TAT's.
  • Experience working with the Bureau (Xchanging now known as DXC) in A&S protocols and activity as they relate to 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.


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