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Binding Authority Technician - Lloyds Market

  • Location: City of London
  • Category: Broker Support Technical
  • Salary: 30K - 35K / Annum
  • Reference: JO0000008893

BINDING AUTHORITY TECHNICIAN - Flexible hybrid home/office working - Permanent contract - Salary to 35,000 + benefits & CII study support

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Broker Back Up

  • Location: City of London
  • Category: Broker Support Technical
  • Salary: 35K - 50K / Annum
  • Reference: JO0000008884

Job: Broker Back Up Salary: 50,000 Location: Hybrid London/ Home A Large Lloyd's Broker is looking for a Broker Back-Up to join their growing team. The role will be working from home with occasional travel to London office. The purpose of the role if to work within a designated Broker Support team in assisting Account Executives and Brokers with all aspects of Broker support. Main Duties: * Preparation of Broking information - accurate, timely, professional, and compliant presentations, renewal reports and other market/Client documentation as required; * MRC/MRCE preparation for new business, renewals, and mid-term adjustments; * Peer review of Insurance documentation; * Preparation of risk level data/management reports; * Resolution of Accounts Queries, including actively chasing debt of allocated Clients to ensure collection within the company guidelines; * Resolution of internal/external technical queries * Submission of Firm Orders via PPL * Ensuring Broking files are up to date, tidy and in keeping with Company guidelines and standards; * Ensuring systems and applications are kept up to date and accurate with all information at all times; * Completing mandatory training sessions to meet Company/regulatory deadlines; * Adherence to all Company/regulatory policies and procedures as instructed; Execution of responsibilities in a lawful and ethical manner in accordance with your contract of employment and Company staff handbook; * Working with Line Manager to manage own professional development, including performance appraisal and identifying and meeting training needs in line with regulatory requirements. Key Skills/ Requirements: * Previous experience in a similar role * CII qualifications preferred. * Knowledge of International FI/ PI/ D&O business preferred; * Ability to use own initiative and work well within a team; * Experience of adhering to and maintaining systems/procedures; * Excellent communication skills, both written and verbal; * Ability to develop effective working relationships externally and internally; * High level of IT competency including all MS Office REF: 8884

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Binding Authority Technician

  • Location: City of London
  • Category: Broker Support Technical
  • Salary: 40K - 45K / Annum
  • Reference: JO0000008864

Job: Binding Authority Technician Salary: 45,000 Location: London A Lloyd's Broker is looking for a Binding Authority Technician to join their busy team in London. Job Purpose: To provide support with existing and new Coverholders and their binding authorities. This will include the provision of basic technical support to the clients via the producers, the business units and those connected companies. The role will also involve assisting in the general development of the Technical Department in all aspects. Main Duties: • Working with the team and supporting the production, maintenance and construction of new and existing Coverholders and their binding authorities in both the UK and abroad. • Liaison and communication with the prospective and existing clients, Underwriters, Lloyd’s and internally • Classes of business include Travel, PA, Accident & Health, Aviation, Marine and Non-marine Liability, Property, Marine Hull, War and Terrorism. • Accurate preparation of MRC line slips and binding authorities, endorsements and all associated documentation • Undertake the setting up, handling and administration of the company’s own and third party binding authorities. • Maintaining Coverholder approval status, uploading documentation, carrying out annual compliance/ attestation tasks using Atlas. • Monitor and chase the receipt of all required risk, premium and claims bordereaux from Coverholders, as determined under each contract. • Monitor premium income and aggregate exposures against the binding authority limits. • Prepare Binding Authority reviews and presentations for internal and external discussion and where appropriate participate in them. • Attend and contribute to all Binding Authority and Technical team meetings. • Work with the team which reconciles accounts, bordereaux, declarations investigating any discrepancies with the relevant teams and respond to queries. • Develop and maintain relationships with Coverholders, Underwriters and other third parties to ensure all needs and requirements are met. • Create and maintain accurate records in Sector, DCOM, Atlas and Lineage and internal systems and issue all required documentation to Coverholders. • Preparation of Monthly risk and paid bordereaux • Reconcile accounts, bordereaux, declarations investigating any discrepancies with the relevant entity. • Prepare the necessary LPANs and submit contracts to XIS using the A&S system In order to be successful for the role, you must have previous experience within a similar role within Lloyd's Insurance market, good knowledge of binding authorities and MRC Slips. REF: 8864

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Broker Support Technician

  • Location: City of London
  • Category: Broker Support Technical
  • Salary: 30K - 45K / Annum
  • Reference: JO0000008871

BROKER BACK UP TECHNICIAN 35,000 to 45,000 City based Lloyds Broker A new role has been created to ensure the continued delivery of high quality insurance technical support to the Broking teams Duties will include 1 Monitoring of Policies 2 Policy premium calculations – Requesting figures from Clients, Reviewing or producing excel spreadsheet 3 Drafting Policy Endorsements (expiry, semi-annual premium adjustments) 4 Binding Endorsements with company Insurers 5 Prepare Cover Bound Emails 6 Raising worksheets 7 Updating Policy files 8 File management (email and document management) 9 Acceptance Check List file preparation 10 Preparing Files for AC Surgery and then submitting. 11 Chasing overdue premiums, liaising with accounts department, amending SDD 12 General Broker support 13 Pipeline (revenue report) maintenance in Excel 14 PPL Knowledge Previous Insurance technical experience is essential Ref 8871

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