At a Glance
- Tasks: Manage DUA contracts, ensuring quality and compliance while collaborating with clients and underwriters.
- Company: Join Aon, a leader in shaping better decisions for people worldwide.
- Benefits: Enjoy flexible working, competitive pay, and two Global Wellbeing Days each year.
- Other info: Aon promotes an inclusive culture and offers excellent career growth opportunities.
- Why this job: Be at the heart of a dynamic team, making impactful decisions in the insurance industry.
- Qualifications: Experience in delegated authority or London Market insurance is preferred.
The predicted salary is between 37800 - 46200 £ per year.
Do you enjoy combining technical detail with strong client and market relationships? Then step into a role where you'll work at the heart of Aon's third party Delegated Authority business, driving quality, compliance and outstanding service! This role is primarily office based but with the flexibility to work from home 1 or 2 days a week if required.
Aon is in the business of better decisions. At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organisation, we are united through trust as one inclusive team, and we are passionate about helping our colleagues and clients succeed.
What the day will look like
As a Binding Authority Account Manager, you will handle nominated DUA contracts daily. You will follow line manager instructions and work closely with our business producers to ensure excellent service for our Coverholders and Underwriters. Key responsibilities include:
- Accurate preparation of DUA documentation (e.g. binding authority slips, endorsements and related documents).
- Collating, validating, and balancing risk, premium, and claims bordereaux from Coverholders. This includes checking data quality for completeness, accuracy, formats, and coding. Queries with counterparties are resolved, and issues are raised when necessary.
- Liaising with our supporting Policy and Claims Advocate Team to ensure all premiums, claims, commissions, and profit commissions (PCs) are paid on time. Coordinating and chasing payments where appropriate.
- Assisting in integrating new clients and new Underwriter entities, ensuring appropriate due diligence and ongoing compliance requirements are met.
- Assisting Clients and Underwriters, in conjunction with the team of business producers, on interpretation of clauses, available coverage types and ongoing service issues.
- Collecting and analysing relevant information and assisting in the preparation of market submissions and presentations for new business and renewals, including preparing/updating statistics, performing basic data pivoting and generating up-to-date reports.
- Using Lloyds systems including DCOM, Atlas, Crystal, and PPL, along with Aon in-house systems (training will be provided on Aon systems).
- Following the Risk Management Framework established by Aon UK Limited and aligned with its policies, you will engage actively in risk management. This includes completing required training to protect the business, interests, or reputation of any Group Company.
How this opportunity is different
This position combines technical binding authority administration with a focus on data quality, detailed review and regulatory compliance across multiple Lloyds and Aon systems. It is also collaborative and market-facing, working closely with business producers, Clients, Coverholders and Underwriters to support both day-to-day servicing and the growth and onboarding of new business.
Skills and experience that will lead to success
- Experience in delegated authority or London Market insurance, with a solid understanding of binding authority contracts and Lloyds processes.
- Consistent track record to handle and reconcile bordereaux (risk, premium and claims), with high attention to detail, data quality and MI/reporting.
- Confident user of Excel (including basic pivoting and data analysis) and comfortable learning/using market platforms such as DCOM, Atlas, Crystal, and PPL.
- Excellent communication and relationship-management skills, with the ability to collaborate closely with Clients, Coverholders, Underwriters and internal teams.
- Demonstrated dedication to compliance, due diligence and working within risk management and governance frameworks.
How we support our colleagues
In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two Global Wellbeing Days each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard.
Binding Authority Account Manager - Maternity Leave Cover in London employer: Aon
AON is an exceptional employer that fosters a dynamic work culture in the heart of Greater London, offering flexibility to work from multiple locations including Reading and Chelmsford. With a strong emphasis on employee growth, AON provides comprehensive training and development opportunities, ensuring that team members can thrive in their careers while contributing to innovative solutions in Trade Credit Insurance. Join us to be part of a collaborative environment where your expertise will be valued and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Binding Authority Account Manager - Maternity Leave Cover in London
✨Tap into Local Agencies
For temporary roles like the one at Aon, don't overlook local recruitment agencies that specialise in the insurance sector. They often have inside info on your local market and can help you get your foot in the door quicker!
✨Seasonal Opportunities Are Gold
Insurance companies often ramp up staffing for specific seasons, especially during peak times like annual policy renewals. Keep an eye out for those temporary gigs and be ready to jump in. Make sure you’re on our website regularly to catch those listings!
✨Network with Industry Pros
Join insurance-focused online platforms and forums to connect with professionals who can share insider tips about temporary roles. Attend local industry meetups or workshops to widen your network; sometimes it’s all about who you know!
✨Showcase Your Flexibility
For temp roles, employers are often looking for candidates who can hit the ground running. Highlight any previous experience you have in fast-paced environments on your profile or during interviews, so Aon knows you can adapt quickly to their needs!
We think you need these skills to ace Binding Authority Account Manager - Maternity Leave Cover in London
Some tips for your application 🫡
Highlight Relevant Certifications:In the insurance world, having the right qualifications can set you apart. If you've got any certifications like Cert CII or other relevant credentials, make sure they're front and centre on your CV. It shows you're committed to the industry and ready to hit the ground running!
Showcase Your Customer Service Skills:Insurance is all about helping clients through tricky times. Use your application to mention your previous customer service experience or soft skills like problem-solving and empathy. These are crucial for any temporary role in the insurance sector, so don’t shy away from flexing these muscles!
Tailor Your CV for the Temp Role:For a temporary position, it's all about demonstrating your ability to adapt quickly. Tailor your CV to highlight experiences that show you can jump in and make an impact immediately. Mention short projects, freelance gigs, or any fast-paced roles that show you thrive in dynamic environments.
Be Clear About Availability:In your cover letter, clearly state your availability for the temporary role. Since this is a short-term gig, emphasising your flexibility and readiness to start immediately can really catch Aon's eye. Remember, they need someone who can fit right in, so make it easy for them to see you as that person!
How to prepare for a job interview at Aon
✨Master the Basics of Underwriting
Since you're aiming for a temporary role in insurance, brush up on the basic principles of underwriting. Be ready to discuss how you would assess risks and make simple decisions on policy issuance, as these are likely to come up in technical questions.
✨Familiarise Yourself with Relevant Regulations
Insurance is heavily regulated, so it helps to be familiar with key regulations that affect the industry. Bring up any specific legislation you're aware of and how it could impact your work at Aon. This shows you're engaged and knowledgeable.
✨Highlight Your Flexibility
As it's a temporary position, it's crucial to stress your adaptability. Talk about previous experiences where you had to pick up new tasks quickly or adjust to changing needs. Employers will appreciate your willingness to jump in and get the job done without a long onboarding process.
✨Prepare to Discuss Claims Processing
Be ready to dive into discussions around claims processing, as this might be a big part of your role. Bring along examples of how you've approached problem-solving in past roles, especially if you've dealt with customer claims or insurance queries before. It's a great way to show your relevant experience.