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Binding Authority Operations Technician

Massenhove Recruitment Limited
Posted 20 hours ago, valid for 11 hours
Location

London, Greater London EC2V7NQ, England

Salary

£24,000 - £28,800 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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  • The job involves providing exceptional service to Agents and Coverholders in Delegated Authority Insurance Arrangements.
  • Candidates must have experience in a similar role and a good understanding of regulatory requirements and FCA guidelines.
  • The position requires maintaining high professional standards, ensuring compliance with company procedures, and processing transactional documentation accurately.
  • The salary for this role is competitive, reflecting the candidate's experience and qualifications.
  • The role allows for remote working with occasional visits to the London office.

To provide a first-class service to Agents and Coverholders covering all aspects of their Delegated Authority Insurance Arrangements.

Duties:

  • Ensuring high professional standards and continual improvements in service delivery
  • Ensuring that the Company’s systems, compliance and procedures are followed at all times, in accordance with the company’s compliance and procedure manuals
  • Checking formal documents for accuracy prior to processing and issuance of formal documentation to clients and markets
  • Submitting Policy documentation to signing offices where applicable (both bureaux and non-bureaux)
  • Processing of transactional via Internal processing system
  • Producing debit/credit notes and bureau submissions where required
  • Handling and resolving client and queries in respect of both Policy and Premium issues
  • Ensuring that diary checks (manual and electronic) are maintained
  • Maintaining statistical information including Earned to Incurred figures and Profit Commissions as required
  • Maintaining electronic filing system is up to date at all times
  • Assisting with the team with Ad hoc duties or covering colleagues where required
  • Meeting and adhering to agreed service levels and SLA's
  • Production and renewal of Binding Authorities / Slips, ensuring all are in acceptable order in line with both Lloyds and Company procedures and guidelines
  • Production of endorsements where required

Experience:

  • Good knowledge of the regulatory requirements of general insurance in operation at any time
  • Good knowledge of FCA regulations and guidelines relating to both private and commercial customers.
  • Willingness to continue to develop knowledge of products and related issues through formal and informal learning, both internally and externally to the firm.
  • Experience in a similar role

This client offers remote working with occasional visits to their London office

Apply now in a few quick clicks

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.