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- Tasks: Manage Delegated Underwriting Authority contracts and liaise with brokers for top-notch service.
- Company: Join a leading global insurance business making waves in the industry.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development.
- Why this job: Be part of a collaborative culture that values innovation and client satisfaction.
- Qualifications: Experience in drafting DUA contracts and knowledge of London market processes required.
- Other info: EU work permit is necessary; this role is based in vibrant London.
The predicted salary is between 36000 - 60000 £ per year.
An outstanding opportunity to join a leading global insurance business. As a Binding Authority Account Manager, you will be responsible for managing nominated Delegated Underwriting Authority contracts, working closely with brokers to ensure excellent service to Coverholders and Underwriters.
- Accurate preparation of DUA documentation (e.g., Binding Authority Slips, Endorsements)
- Liaising with Premium and Claims teams to ensure timely payments and follow-ups
- Preparing statistics and generating reports
- Advising colleagues on coverage scope and assisting clients and underwriters with clause interpretation
- Collecting and analyzing information for market submissions and presentations
- Using Lloyd's systems such as DCOM, PPL, Atlas, and Crystal
Skills and Experience Required
- Experience drafting DUA contracts
- Knowledge of London market processes and procedures
- Understanding of global insurance products, especially North American markets
- Excellent communication skills for meetings with coverholders and brokers
Binding Authority Account Manager employer: IDEX Consulting
Contact Detail:
IDEX Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Binding Authority Account Manager
✨Tip Number 1
Familiarise yourself with the specific Lloyd's systems mentioned in the job description, such as DCOM and PPL. Having hands-on experience or knowledge of these platforms can set you apart during interviews.
✨Tip Number 2
Network with professionals in the London insurance market. Attend industry events or join relevant online forums to connect with brokers and underwriters, which could lead to valuable insights and potential referrals.
✨Tip Number 3
Stay updated on global insurance trends, particularly in North American markets. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the industry.
✨Tip Number 4
Prepare to discuss your experience with drafting DUA contracts in detail. Be ready to provide examples of how you've successfully managed similar responsibilities in past roles, showcasing your expertise.
We think you need these skills to ace Binding Authority Account Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Binding Authority Account Manager. Familiarise yourself with DUA documentation and the specific skills required, such as knowledge of London market processes.
Tailor Your CV: Customise your CV to highlight relevant experience in drafting DUA contracts and working with brokers. Emphasise your understanding of global insurance products, particularly in North American markets.
Craft a Compelling Cover Letter: Write a cover letter that showcases your communication skills and your ability to liaise effectively with coverholders and brokers. Mention specific examples of how you've provided excellent service in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in the insurance industry.
How to prepare for a job interview at IDEX Consulting
✨Know Your DUA Documentation
Familiarise yourself with Binding Authority Slips and Endorsements. Be prepared to discuss your experience in drafting DUA contracts and how you ensure accuracy in documentation preparation.
✨Understand the London Market
Brush up on the processes and procedures of the London insurance market. Demonstrating your knowledge will show that you are well-prepared and understand the environment you'll be working in.
✨Showcase Your Communication Skills
Since the role involves liaising with brokers and coverholders, practice articulating your thoughts clearly. Prepare examples of how you've effectively communicated complex information in previous roles.
✨Be Ready for Technical Questions
Expect questions about Lloyd's systems like DCOM, PPL, Atlas, and Crystal. If you have experience using these systems, be ready to discuss how you've utilised them in your previous roles.
