Job Title: Binder Technician
Location: City of London
Salary: £50,000 - £53,000 plus excellent benefits
Working Pattern: Full Time - 2 days office a week plus remote working
Job Type: Binders
Class of Business: Property & Casualty
About the Role
Our client is recruiting for a Binding Authority Technical Analyst. It is working for an outstanding Lloyd's Broker based in the City joining their growing team.
Experience of Binders business is key, the successful person will handle multiple classes of business, mainly Property & Casualty and focus on US business.
This is a fantastic business, who really encourage personal and professional development of employees both internally and outside of the business. They will offer funding for further insurance qualifications and further market initiatives.
Key Responsibilities
- Support the Brokers and account managers in the London office by performing contract input and invoice production for London produced business.
- Report on status of contracts to ensure external and internal timelines are being met.
- Work with brokers on contract language to ensure best practice in terms of closing to markets.
- Respond to ad hoc queries or provide reports relating to contract and transaction status internally or externally.
- FDO submission
- Bordereaux analysis (Written and Paid)
- Premium processing
- Assisting cash allocation
- Xchanging submissions / query resolution
- Statistical reporting
- Profit Commission calculations
- Williness to get involved in Wholesale and Reinsurance business
Key Skills & Experience
The client is seeking someone who has experience of Binding Authority contracts/processes and a good working knowledge of London Market A&S procedures for different contract types.
You should have knowledge of BA systems including DDM, DCOM and knowledge of processing entries for multiple territories (US, Canada and Intl).
Someone with strong communication skills who is highly organised and works well under pressure.
All applicants must have a permanent right to work in the UK