Senior Binding Authority Specialist

2 days ago


London, Greater London, United Kingdom The Recruiter Ltd Full time

Job Title: Senior Binding Authority Specialist

Company Overview: As an established and independent Lloyd's broker, our client takes pride in their expertise, integrity, and bespoke service. With a strong foothold in the insurance market, they focus on delivering innovative solutions and maintaining enduring relationships with clients and partners.

Estimated Salary: £70,000 - £110,000 per annum.

Job Description:

Our client is seeking an Experienced Binding Authority Broker who possesses an in-depth understanding of the insurance market, particularly within the binding authority space. The ideal candidate will have an established network within the UK broker community and a track record of fostering growth and managing complex insurance portfolios.

Key Responsibilities:

  • Business Development and Client Management: Utilize existing broker networks to expand business and develop new opportunities.
  • Cultivate and manage client relationships, ensuring exceptional service and satisfaction.
  • Stay abreast of market trends to identify and capitalize on new business prospects.
  • Binding Authority Agreements Management: Skillfully negotiate and manage binding authority agreements.
  • Maintain compliance with Lloyd's of London standards and regulatory frameworks.
  • Assess the performance and profitability of binding authority contracts.
  • Risk Assessment and Portfolio Oversight: Execute detailed risk evaluations for insurance proposals.
  • Oversee a diverse portfolio of binding authority contracts.
  • Offer expert advice on risk management and optimal coverage strategies.
  • Team Collaboration and Leadership: Collaborate with underwriters, actuaries, and other insurance professionals.
  • Influence strategic planning and direction of the brokerage operations.
  • Guide and support the professional development of junior brokers and team members.

Qualifications:

The ideal candidate will possess extensive experience as a Binding Authority Broker, with a focus on the Lloyd's market. A robust network within the UK insurance broker community is also essential. Deep knowledge of insurance products, market dynamics, and regulatory landscape is required. Exceptional negotiation, communication, and relationship management skills are necessary to succeed in this role.



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