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Senior Binding Authority Technician

MW Appointments
Posted 14 hours ago, valid for 15 days
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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  • This role offers the opportunity to work for 3 days per month in the City, with the remainder of the time working remotely from home.
  • The position is for a Senior Operations Technician at a leading Lloyds registered broker, focusing on operational support within the Binding Authority division.
  • Candidates must have a minimum of 3 years of experience in a similar role and a good understanding of London Market procedures and Lloyds Delegated Authority systems.
  • The salary for this position is up to £50,000 per annum, accompanied by a benefits package and flexible remote working options.
  • Interested applicants are encouraged to apply, as the recruitment firm MW Appointments has extensive experience in the insurance market.

Work for 3 days per month in the City with the rest of the time working remotely from home. Our client is a leading Lloyds registered broker with a global portfolio of clients across a diverse range of different industry sectors.

The Senior Operations Technician will be a key member of a dedicated technical support team that provides a range of operational support functions within the specialist Binding Authority division.

OVERVIEW:

  • Production and renewal of Binding Authorities / Slips, ensuring all are in acceptable order in line with both Lloyd's and internal procedures/guidelines
  • Production of Endorsements as appropriate
  • Amendment of Wordings/Slips as appropriate
  • Submitting documents to the Bureaux/XIS and ensuring all bordereaux are chased up, received, processed and paid to relevant bureaux within settlement due dates
  • Producing debit/credit notes and processing premiums onto internal systems
  • Maintaining internal systems accurately and efficiently
  • Maintaining statistical information as required
  • Ensure that company procedures and systems are followed and reviewed
  • Manage own files as per internal Procedures Manual

WHAT YOU NEED TO SHOW:

  • Minimum 3 years previous experience in a similar role
  • Good knowledge and understanding of London Market procedures
  • Good knowledge of Lloyds Delegated Authority systems (DCOM, Atlas, DDM)
  • Good knowledge of general insurance policies and underlying legal procedures
  • Good knowledge of the regulatory requirements of general insurance in operation at any time

WHAT IS ON OFFER:

  • Salary to £50,000 p.a. + benefits package
  • Flexible remote working
  • Induction, training and on-going support

REF: 9880

Interested? Please apply today and we will contact you by return.

MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector.

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.