At a Glance
- Tasks: Manage Coverholder accounts and process Binding Authority Agreements.
- Company: Join a leading International Lloyd's Reinsurance Broker.
- Benefits: Competitive salary, flexible work options, and career growth.
- Other info: Opportunity to work in a supportive environment with a focus on compliance.
- Why this job: Be part of a dynamic team in the exciting Lloyd's market.
- Qualifications: 2+ years experience in the Lloyd's market and familiarity with relevant systems.
The predicted salary is between 50000 - 65000 £ per year.
Company: International Lloyd's Reinsurance Broker
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 in London 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 our London office, where you will be part of a supportive environment that encourages professional development and rewards your contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Binding Authority Operations Technician in London
✨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. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Get familiar with the systems mentioned in the job description, like ATLAS and DCOM. Brush up on your skills or even take a quick online course. Showing that you’re already knowledgeable about these tools can really set you apart during interviews.
✨Tip Number 3
Prepare for your interviews by practising common questions related to contract administration and bordereaux processing. We recommend doing mock interviews with friends or using online resources to get comfortable talking about your experience and how it relates to the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and engaged in their job search.
We think you need these skills to ace Binding Authority Operations Technician in London
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, emphasise your 2+ years of experience handling Binding Authorities and processing bordereaux. We love seeing concrete examples of how you've managed client accounts and compliance 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:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at HFG Insurance Recruitment
✨Know Your Stuff
Make sure you brush up on your knowledge of the Lloyd's market and Binding Authorities. Familiarise yourself with systems like ATLAS, DCOM, and PPL, as well as bordereaux processing. Being able to speak confidently about your experience will show that you're the right fit for the role.
✨Showcase Your Experience
Prepare specific examples from your past roles that highlight your experience in contract administration and compliance. Think about challenges you've faced and how you overcame them, especially in relation to managing Coverholder accounts or processing settlements.
✨Ask Smart Questions
Interviews are a two-way street! Prepare thoughtful questions about the team dynamics, company culture, and the specific challenges the Binding Authority Operations team is currently facing. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
✨Be Ready for Remote Work Discussion
Since the role involves a mix of office and remote work, be prepared to discuss how you manage your time and productivity when working from home. Share any tools or strategies you use to stay organised and connected with your team, as this will demonstrate your adaptability.
