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- Tasks: Support teams with delegated authority business and manage binding authorities.
- Company: Join a niche Lloyd's Broker with a global presence and unique insurance solutions.
- Benefits: Enjoy flexible working, competitive salary, bonuses, and a comprehensive benefits package.
- Why this job: Be part of a growing team focused on client needs and personal development.
- Qualifications: Experience as a Binder Technician or DUA Technician is essential; knowledge of insurance markets required.
- Other info: Opportunity for career growth and responsibility in a friendly work environment.
The predicted salary is between 43200 - 84000 Ā£ per year.
Your new company is proud to be a smaller niche independent established Lloyd's Broker based in the heart of the City and with offices across the world. They have offices in over 12 countries and over 100+ staff worldwide, specialising in unique insurance solutions. The business has expanded, and they deal with specialist classes to include Property, Marine, Fine Art and Specie, Construction, Aviation, Energy, Real Estate, Professional Indemnity and Cyber Risk. Your new company are uniquely positioned to provide their customers with quality insurance solutions, advice and personal services.
Due to substantial growth within the Technical team a permanent position for a Binder Technician/ Senior Binder Technician has arisen.
Your new role working as a Binder Technician or Senior Binding Authority Technician means you will be providing guidance and support to teams in relation to Delegated authority business and assisting in the management of all Internal and Third-Party binding authorities including the monitoring of declarations and bordereaux. Duties will include:
- Preparing new and renewal contracts for all delegated authority business
- Preparing renewal presentations and statistics for all binding authorities and/or line slips
- Providing reporting, addressing DA performance, and ensuring binding authority limits and guidelines are adhered to
- Management of Lloyd's DCOM, DDM and Atlas systems
- Producing and monitoring quarterly premiums for Third Party binding authorities
- Issuing triangle statistics and managing and assisting new Coverholders applications
- Dealing with Profit Commission calculations and collections on binders
- Providing statistics on contracts, territories and lineslips
- Providing management information on agents on a quarterly basis
What you'll need to succeed:
Your previous experience working as a Binder Technician or Binding Authority Technician with the experience in handling International Binders will contribute to your success in securing this role. You will have knowledge of general insurance business and be confident in FCA and Lloyd's Market requirements. You will need market, industry and product knowledge and be proactive in keeping knowledge up to date. You will have numeracy and literacy skills as well as communication, organisational and data analysis skills. You will act with integrity, due skills, care and diligence. Ideally you will have experience in systems such as Atlas, DCOM, DDM, Lloyd's Crystal, Aims (Lloyd's Audit), PPL, Whitespace and Microsoft Office Suite.
What you'll get in return:
Flexible working options available. You'll be offered a competitive salary of up to cĀ£60,000, d.o.e (+ Bonus + Benefits) plus a comprehensive benefits package. You'll receive support from both Directors and Managers and be given the opportunity to develop and take on more responsibility in the future. You'll enjoy working as part of a growing and friendly team with a unique vision to grow and develop long term Client needs.
What you need to do now:
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now. If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.
Binder Technician employer: Hays.
Contact Detail:
Hays. Recruiting Team
StudySmarter Expert Advice š¤«
We think this is how you could land Binder Technician
āØTip Number 1
Familiarise yourself with the specific systems mentioned in the job description, such as DCOM, DDM, and Atlas. Having hands-on experience or even a basic understanding of these systems can set you apart from other candidates.
āØTip Number 2
Network within the insurance industry, especially with professionals who have experience in handling international binders. Attend relevant events or join online forums to connect with others and gain insights that could be beneficial during your interview.
āØTip Number 3
Stay updated on the latest trends and regulations in the insurance market, particularly those related to FCA and Lloyd's requirements. This knowledge will not only help you in interviews but also demonstrate your commitment to the role.
āØTip Number 4
Prepare to discuss your previous experiences with delegated authority business and how you've successfully managed binding authorities. Be ready to provide specific examples that showcase your skills in data analysis and organisational abilities.
We think you need these skills to ace Binder Technician
Some tips for your application š«”
Tailor Your CV: Make sure your CV highlights relevant experience as a Binder Technician or Binding Authority Technician. Emphasise your familiarity with international binders and any specific systems mentioned in the job description, such as DCOM and DDM.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of the insurance industry and your ability to manage delegated authority business. Mention specific examples of how you've successfully handled similar responsibilities in previous roles.
Highlight Relevant Skills: In your application, clearly outline your numeracy, literacy, communication, organisational, and data analysis skills. Provide examples of how these skills have contributed to your success in past positions.
Show Industry Knowledge: Demonstrate your knowledge of FCA and Lloyd's Market requirements in your application. This could be through mentioning relevant certifications, training, or experiences that keep you updated on industry standards.
How to prepare for a job interview at Hays.
āØKnow Your Technical Stuff
Make sure you brush up on your knowledge of international binders and the specific systems mentioned in the job description, like DCOM and DDM. Being able to discuss these confidently will show that you're well-prepared and understand the technical requirements of the role.
āØDemonstrate Your Analytical Skills
Since the role involves data analysis and reporting, be ready to provide examples of how you've successfully managed data in previous positions. Highlight any experience with preparing statistics or managing performance metrics, as this will be crucial for the interview.
āØShow Your Communication Skills
Effective communication is key in this role, especially when dealing with internal teams and third-party authorities. Prepare to discuss how you've successfully communicated complex information in the past, and consider bringing examples of presentations or reports you've created.
āØUnderstand the Company Culture
Research the companyās values and culture, especially since they pride themselves on personal service and quality solutions. Be prepared to explain why you want to work for them specifically and how your values align with theirs.
