At a Glance
- Tasks: Manage technical processing for contingency insurance placements and ensure accurate documentation.
- Company: Specialist contingency insurance broker based in the City of London.
- Benefits: Competitive salary, private healthcare, pension, and support for professional development.
- Other info: Work remotely part-time with excellent career growth opportunities.
- Why this job: Join a dynamic team and enhance your skills in a vital behind-the-scenes role.
- Qualifications: Experience with London Market procedures and proficiency in PPL or Whitespace.
The predicted salary is between 45000 - 50000 £ per year.
A specialist contingency insurance broker based in the City of London. The business operates across UK and international markets, placing cover for a range of specialist risks through the London & Lloyds markets.
This is a pure technical processing role supporting the broking team. You will manage the end-to-end documentation and administrative lifecycle for contingency insurance placements, working behind the scenes to ensure accurate, compliant, and timely policy processing. There is no client-facing or broker-facing responsibility attached to this position; the focus is entirely on technical operations.
Key Responsibilities:- Prepare and produce MRC (Market Reform Contract) slips incorporating risk details and coverage requirements
- Load and manage documentation on PPL (Placing Platform Limited)
- Liaise with underwriters to obtain stamps and approvals on documentation
- Coordinate with the processing team for accurate system loading and transaction records
- Handle policy endorsements and amendments throughout the policy lifecycle
- Maintain comprehensive, accurate client and policy records
- Assist with claims processing administration where required
- Support internal brokers and business producers with technical documentation queries
- Solid grounding in London Market procedures and documentation practices
- Hands-on experience with MRC slip production
- Proficient in PPL (Placing Platform Limited) and/or Whitespace
- Experience with Xchanging/Velonetic processing
- Knowledge of Contingency Insurance products and market practices (essential)
- High accuracy and attention to detail in all documentation
- Able to manage a varied workload and prioritise effectively
- Proficient in Microsoft Office
- CII qualification (working towards or achieved) desirable
This position does not involve managing client relationships, handling incoming enquiries, or acting as an intermediary between clients or retail brokers and the market. Candidates currently performing or seeking hybrid account handler roles with client or broker-facing responsibilities should note that this is a dedicated technical processing function.
Performance Expectations:- Deliver accurate, compliant documentation within agreed turnaround times
- Maintain a high standard of record-keeping across all policy transactions
- Ensure full alignment with FCA regulations, company policies and Lloyds market practices
- Support process improvement and operational efficiency initiatives
- Undertake additional duties as reasonably required
- Location: Minimum 2 days per week in the City of London; remainder home-based
- Start Date: ASAP
- Salary: Up to £50,000 (dependent on experience)
Support for CII qualifications provided
Benefits:Private Healthcare, Death in Service & Pension
Broker Technician - Contingency Insurance in City of London employer: Asset Resourcing
As a specialist contingency insurance broker located in the heart of the City of London, we pride ourselves on fostering a supportive and collaborative work environment that prioritises employee growth and development. Our commitment to professional advancement is evident through our support for CII qualifications, alongside a comprehensive benefits package that includes private healthcare and pension plans. Join us to be part of a dynamic team where your technical expertise will be valued and your contributions will directly impact our success in the international insurance market.
StudySmarter Expert Advice🤫
We think this is how you could land Broker Technician - Contingency Insurance in City of London
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance industry, especially those who work with contingency insurance. A casual chat can lead to opportunities you might not find on job boards.
✨Tip Number 2
Get your skills sharp! Brush up on your knowledge of MRC slips and PPL. The more confident you are with the technical stuff, the better you'll stand out when it comes to interviews.
✨Tip Number 3
Practice makes perfect! Mock interviews can help you nail down your responses. Focus on how your experience aligns with the role's requirements, especially around documentation and compliance.
✨Tip Number 4
Apply through our website! We love seeing applications directly from candidates who are keen on joining us. It shows initiative and gives you a better chance to shine.
We think you need these skills to ace Broker Technician - Contingency Insurance in City of London
Some tips for your application 🫡
Know Your Stuff:Make sure you understand the ins and outs of contingency insurance and the London Market. We want to see that you’ve got a solid grounding in MRC slips and PPL, so brush up on those skills before applying!
Tailor Your Application:Don’t just send a generic CV and cover letter. We love it when candidates tailor their applications to highlight relevant experience and skills that match the job description. Show us why you’re the perfect fit for this technical role!
Be Detail-Oriented:Since this role is all about accuracy and compliance, make sure your application reflects that. Double-check for any typos or errors, and ensure your documentation is clear and precise. We appreciate attention to detail!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen and ready to join our team!
How to prepare for a job interview at Asset Resourcing
✨Know Your Documentation Inside Out
Make sure you’re familiar with the Market Reform Contract (MRC) slips and the documentation practices in the London Market. Brush up on how to prepare and produce these slips, as well as your experience with PPL. Being able to discuss specific examples will show your technical prowess.
✨Highlight Your Attention to Detail
Since this role demands high accuracy, be ready to share instances where your attention to detail made a difference. Whether it’s managing policy endorsements or ensuring compliance with FCA regulations, concrete examples will help demonstrate your capability.
✨Showcase Your Technical Skills
Familiarise yourself with the tools mentioned in the job description, like PPL and Xchanging/Velonetic processing. If you have hands-on experience, be prepared to discuss how you’ve used these platforms effectively in past roles.
✨Understand Contingency Insurance Products
Brush up on your knowledge of contingency insurance products and market practices. Being able to speak confidently about these topics will not only impress the interviewers but also show that you’re genuinely interested in the field.
