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- Tasks: Support Brokers by checking proposals and processing insurance documents.
- Company: G J Associates is a boutique recruitment agency in the London Insurance Market.
- Benefits: Enjoy hybrid working, competitive salary, and attractive bonus potential.
- Why this job: Join a dynamic team and gain diverse experience in the insurance sector.
- Qualifications: Experience in PV/Terrorism or Non Marine insurance preferred; strong attention to detail required.
- Other info: Full-time role with 3 days in the office and 2 days remote.
The predicted salary is between 32000 - 52000 £ per year.
A Lloyd’s Broker seeks candidates with PV/Terrorism experience for an exciting new opportunity within their expanding business. You will be responsible for providing support and backup to Brokers and studying insurance proposals to make sure Brokers have the right information needed to service the client and market the business promptly. This is a multi-functional role with a wide range of experience, including Binders, Open Market placements, Line Slips or Reinsurance contracts.
KEY RESPONSIBILITIES
- Checking and QA of slips and endorsements
- Creation of MRCs and endorsements
- Calculating premiums and processing entries onto the in-house broking system
- Produce credit/debit notes, including calculating premium adjustments
- Prepare cover notes, broker insurance documents, debit notes and premium adjustments
- Maintain accurate records, including telephone conversations, work in progress, and statistical data records
- Respond to Technical queries and the processing of premiums and claims as required
- Deal with incoming enquiries from clients, insurers and other third parties
- Maintain and update diary records in Outlook and Global
- Produce cover notes, debit notes and associated documentation promptly to be checked and signed by authorised signatories and issued to the client
- Responsible for minimising the number of late signings to the Market
- Closing to bureaux and non-bureaux markets
- To keep abreast of FCA updates, including Wordings available from the Market
- Support the maintenance of the policy register and assist with the handling of enquiries from Xchanging regarding policy matters
KEY SKILLS
The client is seeking someone who has experience within PV/Terrorism preferred but other Non Marine experience will be considered. You should possess experience in handling and drafting Market Reform Contracts & Endorsements and servicing clients and Brokers with life cycle of risks. The ideal candidate will be organised, have excellent attention to detail and be able to communicate at all levels.
SALARY £40,000 - £65,000 DoE with excellent benefits and attractive bonus potential
HYBRID WORKING
Full Time Hybrid 3 days office based in City of London plus 2 days remote working
If you are interested in this role, please use the ‘Easy apply’ button above and forward a copy of your CV to us. All applicants must have a permanent right to work in the UK.
PV/Terrorism Open Market Technician employer: G J Associates
Contact Detail:
G J Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PV/Terrorism Open Market Technician
✨Tip Number 1
Familiarise yourself with the specific terminology and processes related to PV/Terrorism insurance. Understanding terms like Market Reform Contracts and endorsements will not only boost your confidence but also demonstrate your commitment to the role during any discussions.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who specialise in PV/Terrorism. Attend relevant events or join online forums to connect with potential colleagues and gain insights into the latest trends and challenges in the market.
✨Tip Number 3
Stay updated on FCA regulations and any recent changes in the insurance landscape. This knowledge will not only prepare you for technical queries but also show your proactive approach to staying informed, which is crucial in this role.
✨Tip Number 4
Practice your communication skills, especially in explaining complex insurance concepts clearly and concisely. Being able to articulate your thoughts effectively will be key when dealing with clients and brokers, making you a valuable asset to the team.
We think you need these skills to ace PV/Terrorism Open Market Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in PV/Terrorism and any other non-marine insurance roles. Emphasise your skills in handling Market Reform Contracts and endorsements, as well as your attention to detail.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the key responsibilities mentioned in the job description. Explain how your previous experiences align with the role and demonstrate your understanding of the insurance market.
Highlight Relevant Skills: In your application, focus on skills such as organisation, communication, and technical knowledge related to insurance processes. Mention your ability to manage records and respond to technical queries effectively.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at G J Associates
✨Know Your PV/Terrorism Basics
Make sure you brush up on your knowledge of PV/Terrorism insurance. Understand the key concepts, terminology, and recent trends in the market. This will help you answer technical questions confidently and demonstrate your expertise.
✨Prepare for Technical Questions
Expect to be asked about Market Reform Contracts, endorsements, and the lifecycle of risks. Prepare specific examples from your past experience that showcase your ability to handle these aspects effectively.
✨Showcase Your Organisational Skills
Since the role requires excellent attention to detail and organisation, be ready to discuss how you manage your workload. Share examples of how you keep track of multiple tasks and ensure accuracy in your work.
✨Demonstrate Communication Skills
As you'll be dealing with clients, insurers, and brokers, it's crucial to show that you can communicate clearly at all levels. Practice articulating your thoughts and consider how you would explain complex information in a simple way.
