Binder Technical Analyst

G J Associates Ltd

Posted a day ago, valid for a month

London, Greater London EC2V7NQ, England

£40,000 - £48,000 per annum

Full Time

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Sonic Summary

The job title is Binder Technician located in the City of London, offering a salary between £55,000 and £60,000 along with excellent benefits.
The position requires experience in Binders business, particularly in Property & Casualty, focusing on US business.
Candidates should have a good understanding of Binding Authority contracts and London Market A&S procedures, with knowledge of BA systems like DDM and DCOM.
The role involves supporting brokers, managing contract inputs, and ensuring compliance with internal and external timelines.
Applicants must have a permanent right to work in the UK and should be highly organized with strong communication skills.

Job Title: Binder TechnicianLocation: City of LondonSalary: £55,000 - £60,000 plus excellent benefitsWorking Pattern: Full Time - 2 days office a week plus remote workingJob Type: BindersClass 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

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