At a Glance
- Tasks: Process and manage premium transactions while collaborating with various teams.
- Company: Join a dynamic Lloyd's Broking firm with a growing team.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Other info: Fast-paced environment with strong emphasis on teamwork and client relationships.
- Why this job: Be part of a crucial role in the insurance industry and enhance your skills.
- Qualifications: 1-2 years in Lloyd's Delegated space and experience with DCOM and Atlas.
The predicted salary is between 40000 - 50000 £ per year.
I am currently partnered with a Lloyd's Broking firm who are seeking a Binding Authority Technician to join their small, growing team. Working closely with Broking, Operations and Delegated Authority teams, you will be responsible for the accurate processing and management of premium and binder-related activities across multiple classes of business.
My client is looking for someone with 1/2+ years in the Lloyd's Delegated space from a Broking firm, and Atlas and DCOM experience is a must have for this position.
Key Responsibilities- Processing binder and delegated authority premium transactions
- Reviewing and validating bordereaux submissions
- Managing premium accounting activities in line with market requirements
- Maintaining accurate records within DCOM and Atlas
- Liaising with brokers, coverholders, MGAs and insurers regarding premium and technical queries
- Assisting with month-end and reporting activities
- Monitoring premium settlements and outstanding items
- Supporting the wider operations and technical teams across multiple classes of business
- Building strong working relationships with clients and market stakeholders
- Attending client meetings where required
- Previous experience within a London Market insurance operations, technical or premium processing role
- Strong understanding of binder business and delegated authority arrangements
- Essential experience using DCOM
- Essential experience using Atlas
- Good understanding of Lloyd's and London Market processes
- Strong attention to detail and organisational skills
- Ability to manage multiple priorities in a fast-paced environment
- Excellent communication and relationship-building skills
Binding Authority Technician employer: HFG
Join a dynamic Lloyd's Broking firm in London as a Binding Authority Technician, where you will thrive in a supportive and collaborative environment. With a strong focus on employee development, the company offers opportunities for growth within the insurance sector, alongside a hybrid working model that promotes work-life balance. Experience the unique advantage of being part of a small, dedicated team that values your contributions and fosters meaningful relationships with clients and market stakeholders.
StudySmarter Expert Advice🤫
We think this is how you could land Binding Authority 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 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
Prepare for interviews by brushing up on your knowledge of DCOM and Atlas. Make sure you can confidently discuss your experience with premium transactions and binder business. We want you to shine when it comes to showcasing your skills!
✨Tip Number 3
Don’t just apply anywhere; focus on firms that align with your career goals. Use our website to find roles that match your experience in the Lloyd's Delegated space. Tailor your approach to each company to show them why you’re the perfect fit.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to remind them of your enthusiasm and fit for the Binding Authority Technician role.
We think you need these skills to ace Binding Authority Technician
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in the Lloyd's Delegated space. We want to see how your skills align with the Binding Authority Technician role, so don’t be shy about showcasing your Atlas and DCOM experience!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for our team. We love seeing enthusiasm for the role and the company, so let your personality come through.
Showcase Your Attention to Detail:In this role, accuracy is key. When you submit your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure everything is spot on!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at HFG
✨Know Your Stuff
Make sure you brush up on your knowledge of the Lloyd's Delegated space and binder business. Familiarise yourself with DCOM and Atlas, as these are essential for the role. Being able to discuss your previous experiences and how they relate to the job will show that you're the right fit.
✨Showcase Your Attention to Detail
Since this role requires strong attention to detail, prepare examples from your past work where you've successfully managed premium accounting activities or validated submissions. Highlighting your organisational skills will help demonstrate that you can handle the fast-paced environment.
✨Build Rapport
This position involves liaising with various stakeholders, so practice your communication skills. Think of ways to build rapport with brokers, coverholders, and MGAs during the interview. A friendly, professional approach can set you apart from other candidates.
✨Prepare Questions
Have a few thoughtful questions ready to ask at the end of the interview. This shows your interest in the role and the company. You might want to ask about the team dynamics or how success is measured in the Binding Authority Technician role. It’s a great way to engage and leave a lasting impression.
