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- Tasks: Support client accounts by preparing contracts and processing premium bordereaux.
- Company: Fast-growing Lloyd's Broker in the heart of London.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Why this job: Join a dynamic team and make an impact in the insurance industry.
- Qualifications: Experience with Binding Authority contracts and strong communication skills.
- Other info: Exciting role with potential for career advancement in a supportive environment.
The predicted salary is between 36000 - 60000 £ per year.
This position is for a Binding Authority Operations Associate within a fast-growing Binders team. As part of the Binding Authority Operations function, the role is responsible for delivering comprehensive servicing support across allocated client accounts.
Key areas of responsibility include:
- Contract preparation, coverholder compliance and support, and the accurate processing of bordereaux.
- Drafting new and renewal Binding Authority Agreements, as well as issuing mid-term endorsements.
- Maintaining and updating records within ATLAS and DCOM.
- Communicating with clients regarding contractual documentation, reporting requirements, and premium settlements.
- Providing underwriters with regular bordereaux submissions and premium updates.
- Updating and maintaining internal broking system records.
- Managing and maintaining monitoring spreadsheets to support oversight and reporting.
- Processing contracts and premium bordereaux through internal systems and IMR.
- Supporting team members across all operational activities as required.
- Undertaking additional duties in line with the needs of the business.
Ideal Experience:
- Preparing Binding Authority contracts across a range of specialty classes of business.
- Working with ATLAS and DCOM.
- Experience using PPL.
- Reviewing and processing premium bordereaux.
- Using IMR and liaising with Xchanging.
- Communicating effectively with underwriters and clients.
- Reviewing and managing risk reports.
Operations Associate - Binding Authority in City of London employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operations Associate - Binding Authority in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at Lloyd's or similar firms. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by practising common questions related to operations and binding authority. We recommend role-playing with a friend or using online resources to get comfortable with your answers.
✨Tip Number 3
Showcase your skills! If you've got experience with ATLAS, DCOM, or PPL, make sure to highlight that in conversations. We want to see how you can bring value to the team!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our awesome team.
We think you need these skills to ace Operations Associate - Binding Authority in City of London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Operations Associate role. Highlight your experience with Binding Authority contracts and any relevant systems like ATLAS and DCOM. We want to see how your skills match what we're looking for!
Showcase Your Communication Skills: Since this role involves a lot of client interaction, it's crucial to demonstrate your communication abilities. Use examples in your application that show how you've effectively communicated with clients or underwriters in the past. We love clear and concise communicators!
Be Detail-Oriented: Attention to detail is key in our operations team. When drafting your application, make sure to proofread for any errors and showcase instances where your attention to detail made a difference in your previous roles. We appreciate candidates who take pride in their work!
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 shows you're proactive and keen to join our team!
How to prepare for a job interview at HFG
✨Know Your Stuff
Make sure you understand the ins and outs of Binding Authority Agreements. Brush up on your knowledge of contract preparation, coverholder compliance, and bordereaux processing. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Familiarise Yourself with the Tools
Since the job involves using systems like ATLAS, DCOM, and IMR, it’s a good idea to get comfortable with these platforms beforehand. If you have experience with them, be ready to discuss how you've used them in past roles. If not, do a bit of research to understand their functions and relevance.
✨Practice Your Communication Skills
As an Operations Associate, you'll need to communicate effectively with clients and underwriters. Prepare for common interview questions about how you handle client interactions and ensure you can articulate your thoughts clearly. Maybe even practice with a friend or family member!
✨Show Your Team Spirit
This role requires supporting team members across various operational activities. Be prepared to share examples of how you've collaborated in previous jobs. Highlighting your ability to work well in a team will demonstrate that you’re a great fit for their fast-growing environment.
