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For Companies At a Glance
- Tasks: Manage the binding authorities process and collaborate with brokers and clients.
- Company: Respected Lloyd’s broker in the heart of London, known for expertise and innovation.
- Benefits: Competitive salary, flexible working, and a supportive team environment.
- Why this job: Join a global leader and make an impact in the insurance industry.
- Qualifications: Experience as a Binding Authorities Technician and strong communication skills.
- Other info: Opportunities for personal and professional development in a dynamic setting.
The predicted salary is between 36000 - 60000 £ per year.
Your new company are an Independent Lloyd’s based in the City of London, they deliver specialist insurance, reinsurance and capital markets advisory services. Your new Lloyd’s Broking house are a highly respected broker and are renowned globally for their specialist market knowledge, intelligent analysis, and insight. Their staff are highly motivated and hungry to bring success to their clients in every transaction.
Due to growth of the Technical Teams a permanent job for a Binding Authorities Technician has arisen.
Your new role as a Binding Authorities Technician will require you to create and manage the full binding authorities process. You will report to the Director and create Binding Authorities, Lineslips and facilities with assistance from brokers, BARs registration and upload to Atlas, submitting and signing Binding Authorities into Xchanging. Other duties include preparing, invoicing and sending out off-slips/certificates, assisting in creation and maintenance of client and broking documents, liaising with individual Syndicates Delegated Underwriting Team. Further duties include liaising with stakeholders, maintaining up to date and accurate documentation, assisting with the development, analysis and maintenance of comprehensive data, dealing with enquiries from Clients, Underwriters and third parties, understanding of Lloyd’s Binding Authority QA tool. Also, ensuring Premium and Risk Bordereaux are sent to Underwriters, handling queries from Xchanging when signing Premium Bordereaux, liaising with Accounts department and Business Units, meeting all KPI’s, and adhering to company policies, mandatory training and financial reporting requirements.
What you’ll need to succeed:
- Your previous experience working as a Binding Authorities Technician will contribute to your success in securing this role.
- You will have proven experience fulfilling the day job of a technician and be able to maintain strong relationships with Clients and Underwriters.
- You will demonstrate commitment to personal and professional development, have an ability to communicate effectively with internal and external stakeholders and have a detailed understanding of the process and procedures within the insurance market.
- You will have a proven track record in handling binding authorities from cradle to grave with experience working in Property and/or Casualty.
- Competent IT skills, professional and personable, an ability to think laterally and solve problems using your own initiative and work effectively in a team.
- You will need strong prioritisation and organisational skills; to be self-motivated and able to work independently, knowledge of Eclipse/Sequel would be beneficial, basic technical knowledge of FCA regulations.
What you’ll get in return:
You’ll be offered a competitive salary depending on experience and flexible working is available. You will enjoy working for a Global Lloyd’s Brokers with an excellent benefits package and working in a team of like-minded individuals willing to support you.
Binder Technician in London employer: hays-gcj-v4-pd-online
Contact Detail:
hays-gcj-v4-pd-online Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Binder Technician in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with Binding Authorities. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss the binding authorities process confidently and show off your problem-solving skills. We want to see you shine!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings at top Lloyd’s brokers and tailor your approach to each one.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you fresh in their minds. Plus, it shows your enthusiasm for the role and helps build those all-important relationships.
We think you need these skills to ace Binder Technician in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Binding Authorities Technician role. Highlight your relevant experience and skills that match the job description, especially your background in managing binding authorities and working with clients and underwriters.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that demonstrate your ability to handle the responsibilities outlined in the job description.
Showcase Your Technical Skills: Since the role requires competent IT skills, don’t forget to mention any relevant software you’ve used, like Eclipse or Sequel. If you have experience with the Lloyd’s Binding Authority QA tool, make sure to highlight that too!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you’re considered for the role as quickly as possible!
How to prepare for a job interview at hays-gcj-v4-pd-online
✨Know Your Stuff
Make sure you brush up on your knowledge of binding authorities and the insurance market. Familiarise yourself with the specific processes mentioned in the job description, like BARs registration and using Xchanging. This will show that you're not just interested in the role but also understand the intricacies involved.
✨Showcase Your Experience
Prepare to discuss your previous experience as a Binding Authorities Technician in detail. Be ready to share specific examples of how you've managed binding authorities from start to finish, and how you've built strong relationships with clients and underwriters. This will demonstrate your capability and fit for the role.
✨Communicate Effectively
Since the role involves liaising with various stakeholders, practice articulating your thoughts clearly and confidently. Think about how you can convey complex information simply, as this will be crucial when dealing with clients and internal teams. Good communication can set you apart from other candidates.
✨Be Organised and Proactive
Highlight your organisational skills and ability to prioritise tasks during the interview. Share examples of how you've successfully managed multiple responsibilities in the past. Also, be prepared to discuss how you approach problem-solving and use your initiative, as these traits are essential for success in this role.
