At a Glance
- Tasks: Support a busy broker team with processing and managing London Market business.
- Company: Respected Lloyd's insurance broker with a supportive and professional environment.
- Benefits: Competitive salary up to £65,000 and comprehensive benefits package.
- Other info: Opportunities for professional development and career progression in Southend.
- Why this job: Join a friendly team and develop your career in the dynamic insurance sector.
- Qualifications: Experience in Broker Support and strong understanding of London Market processes.
The predicted salary is between 58500 - 71500 £ per year.
Your new company is an established and well-respected Lloyd's insurance broker, operating from offices in both the City and Southend. The organisation is known for delivering a consistently high level of service and for creating a supportive, professional working environment.
Your new role as a Broker Backup Technician involves providing vital support to a busy broker team, ensuring the smooth and accurate processing of London Market business and handling both front and back-end technical duties. You will report to the Broker Support Manager and be responsible for:
- Producing and processing open market MRC slips, endorsements, cover notes, policy schedules, debit notes, and monthly lineslip declarations.
- Assisting with binding authority arrangements.
- Reviewing and processing premium and risk bordereaux.
- Producing LPANs and submitting market work packages.
- Maintaining earned-to-incurred records and managing broker systems including Atlas and Lineage.
- Working closely with internal stakeholders on claims matters.
- Supporting Coverholder applications and audits.
- Calculating and monitoring profit commissions.
- Overseeing binder renewal activity and managing premium payment follow-up.
- Maintaining accurate records and responding to bureau queries.
To be successful in this role, you will have experience working as a Broker Backup, Technical Technician, or Broker Support position within a Lloyd's broker. Ideally, you will have experience handling Binding Authorities and/or open-market risks, along with experience in MRC slip production. A strong understanding of London Market processes and documentation is essential, as is the ability to work in a fast-paced environment where priorities can change throughout the day.
Experience using systems such as Brokasure, A&S, Atlas, Lineage, DCOM, PPL, AIF, ECF, and IMR would be highly advantageous. Strong Microsoft Office skills, particularly within Excel, Word, and Outlook, are essential. You will need excellent organisational skills, a keen eye for detail, and the ability to manage multiple tasks while maintaining a high level of accuracy. Strong communication skills, both written and verbal, are also required.
Candidates who are studying towards, or have already achieved, ACII qualifications will be viewed favourably.
You will be offered a competitive salary of up to £65,000 plus a comprehensive benefits package, depending on experience based in Southend. In return, you will join a highly respected London Market employer committed to supporting professional development and career progression.
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 about your career.
Broker back up Technician in Southend-on-Sea employer: Hays Specialist Recruitment Limited Careers
Hays Education is an exceptional employer, offering a supportive and collaborative work environment for SEN SLD/PMLD teachers in the Hounslow/Hillingdon area. With access to exclusive vacancies, ongoing professional development, and a dedicated consultant to guide your career, you will find ample opportunities for growth while making a meaningful impact on the lives of pupils with special educational needs. Join us to be part of a community that values inclusivity and fosters both personal and professional development.
Contact Details:
Hays Specialist Recruitment Limited Careers Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Broker back up Technician in Southend-on-Sea
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
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✨Look Out for Graduate Schemes
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We think you need these skills to ace Broker back up Technician in Southend-on-Sea
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Hays Specialist Recruitment Limited Careers.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hays Specialist Recruitment Limited Careers. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Hays Specialist Recruitment Limited Careers
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hays Specialist Recruitment Limited Careers to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Hays Specialist Recruitment Limited Careers, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Hays Specialist Recruitment Limited Careers's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
