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For Companies At a Glance
- Tasks: As an Insurance Technician, you'll process premiums, claims, and maintain the broking system.
- Company: Join a leading Lloyd's Broking house known for world-class service and staff support.
- Benefits: Enjoy flexible working options and a competitive salary in a supportive environment.
- Why this job: This role offers growth opportunities and a chance to work with dynamic professionals in the insurance sector.
- Qualifications: Experience in technical operations at a Broker or Insurer, with knowledge of BDX and Xchanging systems required.
- Other info: Ideal for those looking to develop their skills in a vibrant, inclusive culture.
The predicted salary is between 36000 - 60000 £ per year.
Your new company is a Broking house, part of a larger Lloyd's Broking group, handling Non-Marine, Marine and Aviation risks on a worldwide basis. They pride themselves on providing a world-class service to their clients and prioritising the needs of their staff. Due to growth in the Technical team, they are seeking a permanent Insurance Technician with Xchanging and Db/Cr note processing experience.
Your new role involves working for an established Lloyd's Broker based in the heart of the City, providing tailored and effective Insurance Solutions for clients. The role includes preparation and processing of premiums, claims, bordereaux, treaty statements, and associated documentation, as well as maintenance of the broking system. You will communicate with underwriters, cover-holders, direct clients, and Xchanging, and be responsible for processing claims transactions between offices and via Xchanging's various systems.
In the Central Operations and Technical Team, you will deal with all aspects of BDX, including processing BDX, dealing with Xchanging, and processing Debit/Credit notes via Novus. Your main duties will include sending statements to clients, credit control, actioning incoming statements from insurers, and submitting LPANS.
To succeed, you should have previous experience in a Technical operations capacity at a Broker, Insurer, or a Third party such as Xchanging. You will need Lloyd's/London Market experience in a similar operational role, solid technical knowledge of binding authorities/line-slips, BDX, Xchanging systems and services, and Excel, along with an excellent understanding of the London, Lloyd's, insurance, and Re-Insurance markets, system processes, terminology, and reporting requirements.
You will be offered a competitive salary depending on experience, and flexible working is available. The role operates in an all-inclusive culture with a supportive environment to learn on the job and develop your skills.
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.
Technician employer: Hays Specialist Recruitment Limited
Contact Detail:
Hays Specialist Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Technician
✨Tip Number 1
Familiarise yourself with the specific systems mentioned in the job description, such as Xchanging and BDX. Having hands-on experience or even a basic understanding of these platforms can set you apart during the interview process.
✨Tip Number 2
Network within the Lloyd's and London insurance market. Attend industry events or join relevant online forums to connect with professionals who might provide insights or even referrals for the Technician role.
✨Tip Number 3
Prepare to discuss your previous experiences in technical operations, especially any roles involving premium processing or claims transactions. Be ready to share specific examples that highlight your problem-solving skills and attention to detail.
✨Tip Number 4
Research the company culture of the broking house you're applying to. Understanding their values and how they support staff development can help you tailor your responses in interviews and demonstrate your alignment with their mission.
We think you need these skills to ace Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in technical operations, particularly with BDX, Xchanging, and the Lloyd's/London Market. Use specific examples to demonstrate your skills and achievements.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of the insurance industry and your enthusiasm for the role. Mention how your previous experience aligns with the responsibilities outlined in the job description.
Highlight Technical Skills: Emphasise your technical knowledge of binding authorities, line-slips, and Excel. Be specific about your experience with processing premiums, claims, and documentation to show you are well-prepared for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in the insurance sector.
How to prepare for a job interview at Hays Specialist Recruitment Limited
✨Know Your Technical Stuff
Make sure you brush up on your knowledge of BDX, Xchanging systems, and the specific processes involved in premium and claims handling. Being able to discuss these topics confidently will show that you're well-prepared and understand the technical aspects of the role.
✨Demonstrate Your Communication Skills
Since the role involves liaising with underwriters, clients, and various systems, it's crucial to showcase your communication skills during the interview. Prepare examples of how you've effectively communicated in previous roles, especially in a technical capacity.
✨Familiarise Yourself with the Company
Research the Lloyd's Broking house and its culture. Understanding their values and how they operate will help you tailor your answers to align with their expectations, showing that you're genuinely interested in being part of their team.
✨Prepare Questions
Have a few insightful questions ready to ask at the end of the interview. This not only demonstrates your interest in the position but also gives you a chance to assess if the company is the right fit for you.
