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Open Market Technician

MW Appointments
Posted 12 days ago, valid for 6 days
Location

London, Greater London EC1R 0WX

Salary

£30,000 - £36,000 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • Our client, a Lloyds Broker, is seeking an Open Market Technician for their Political Violence team in London.
  • The role requires previous experience in a similar Technical Insurance position and offers a salary range of £30,000 to £45,000.
  • Key responsibilities include providing technical support, preparing insurance documents, and liaising with the broking team.
  • The ideal candidate should have experience producing MRC slips and knowledge of Lloyds and market regulations.
  • This is a permanent, hybrid position with opportunities for training and development within a growing organization.

Our client who is a Lloyds Broker is looking for an Open Market Technician to join their Political Violence team in the London office. The purpose of the role is to work in supporting the business and Brokers with a wide range of Technical duties for Open Market placements.

Main Duties:

  • Provide technical and administrative support to the broking team.
  • Liaise with the broking team regarding clients' insurance requirements and translate this to slip detail.
  • Prepare MRC,'s Certificates, Endorsements and Policies to reflect the intent of the insurance slips that meet current Market requirements.
  • Produce credit/debit notes including calculating premium adjustments.
  • Prepare cover notes, broker insurance documents, debit notes and premium adjustments.
  • Provide cover for the preparation and processing of policy documentation that meets Market Reform requirements.
  • Respond to Technical queries and the processing of premiums and claims as required.
  • Deal with incoming enquiries from clients, insurers and other third parties in a professional and timely manner.
  • Maintain and update diary records in outlook and Global XB
  • Produce placing slips, endorsements and addenda for use by the broker.
  • Carry out non-subscription and overseas broking, as the need arises.
  • Responsible for minimising the number of late signings to the Market.
  • Closing to bureaux and non-bureaux markets.
  • Lloyd's Compliance - Atlas as well as other external London Market online platforms such as DA SATS and PPL
  • Support the maintenance of the policy register and assist with the handling of enquiries from Xchanging regarding policy matters.

Essential Skills Required:

  • Previous experience within a similar Technical Insurance role
  • Experience producing MRC Slips
  • KNowledge of Lloyds and market regulations

Desirable:

  • Good organisation skills
  • Strong IT skills
  • Knowledge of Atlas

What you need to know:

  • Permanent role
  • Based in London - hybrid
  • Salary between £30,000 - £45,000
  • A great opportunity to join a growing organisation with lots of training and development opportunities.
  • A very inclusive and fair opportunities employer

REF: 9587

MW Appointments is acting as an Employment Agency in relation to this vacancy.

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.