At a Glance
- Tasks: Manage Coverholder accounts and process premium bordereaux while ensuring compliance.
- Company: Join a leading International Lloyd's Reinsurance Broker with a dynamic team.
- Benefits: Competitive salary, flexible work options, and opportunities for professional growth.
- Other info: Work 3 days in the office and enjoy 2 days working from home.
- Why this job: Be part of a growing team and make an impact in the Lloyd's market.
- Qualifications: 2+ years in the Lloyd's market and experience with relevant systems.
The predicted salary is between 50000 - 65000 £ per year.
Required:
- 2+ years experience in the Lloyd's market
- Experience with ATLAS, DCOM, PPL or similar systems
- Experience handling Lloyd’s Binding Authorities / Binder business
- Experience processing bordereaux and using IMR/Xchanging
- Ability to work in the office 3 days per week and 2 days WFH
Desired salary between £50k-£65k base
Overview
Join a growing Binding Authority Operations team supporting Lloyd’s Coverholder and Binder business. The role focuses on contract administration, bordereaux processing, compliance, and day-to-day servicing of client accounts.
Key Responsibilities
- Manage allocated Coverholder accounts and servicing requirements
- Draft new and renewal Binding Authority Agreements and endorsements
- Process and review premium bordereaux and settlements
- Maintain records across internal systems, ATLAS, DCOM and IMR
- Provide reporting and premium updates to underwriters and clients
- Monitor contract, compliance and operational documentation
- Support wider team activities and operational processes
Please email me your CV with your phone number so I can call you and share full details.
Binding Authority Operations Technician employer: HFG Insurance Recruitment
As an International Lloyd's Reinsurance Broker, we pride ourselves on fostering a dynamic and inclusive work culture that values collaboration and innovation. Our Binding Authority Operations team offers exceptional growth opportunities, with access to industry-leading training and mentorship, all while enjoying the flexibility of a hybrid work model. Join us in the heart of the financial district, where you can thrive in a supportive environment that champions professional development and rewards your contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Binding Authority Operations Technician
✨Tip Number 1
Network like a pro! Reach out to your connections in the Lloyd's market and let them know you're on the hunt for a Binding Authority Operations Technician role. A friendly chat can lead to insider info or even a referral!
✨Tip Number 2
Get familiar with the systems mentioned in the job description, like ATLAS and DCOM. If you haven't used them before, check out online tutorials or forums. Showing that you’re proactive about learning these tools can really impress potential employers.
✨Tip Number 3
Prepare for interviews by brushing up on your knowledge of binding authorities and bordereaux processing. Be ready to discuss your past experiences and how they relate to the key responsibilities of the role. Confidence is key!
✨Tip Number 4
Don’t forget to apply through our website! It’s a great way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect with us directly.
We think you need these skills to ace Binding Authority Operations Technician
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Binding Authority Operations Technician role. Highlight your experience in the Lloyd's market and any relevant systems like ATLAS or DCOM. We want to see how your skills match what we're looking for!
Showcase Your Experience:When writing your application, don’t just list your past jobs. Instead, showcase specific examples of how you've handled Binding Authorities or processed bordereaux. This helps us see the real impact you've made in your previous roles.
Be Clear and Concise:Keep your application clear and to the point. Use bullet points where possible to make it easy for us to read. We appreciate a well-structured application that gets straight to the important bits!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications better and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at HFG Insurance Recruitment
✨Know Your Systems
Make sure you’re familiar with ATLAS, DCOM, and PPL. Brush up on how these systems work and be ready to discuss your experience with them. If you can share specific examples of how you've used these tools in past roles, it’ll show you know your stuff!
✨Understand Binding Authorities
Dive deep into the world of Lloyd’s Binding Authorities and Binder business. Be prepared to explain your experience handling these agreements and processing bordereaux. Showing that you understand the nuances of this area will definitely impress your interviewers.
✨Highlight Compliance Knowledge
Since compliance is a key part of the role, brush up on relevant regulations and best practices. Be ready to discuss how you’ve ensured compliance in previous positions. This will demonstrate your attention to detail and commitment to maintaining high standards.
✨Show Team Spirit
This role involves working closely with a team, so be sure to highlight your collaborative skills. Share examples of how you’ve supported team activities or improved operational processes in the past. It’s all about showing that you can contribute positively to the team dynamic!
