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- Tasks: Support client accounts by preparing contracts and processing premium submissions.
- 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 - HFG in London employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operations Associate - Binding Authority - HFG in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at Lloyd's or in similar roles. 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 Binding Authority operations. We recommend role-playing with a friend or using online resources to get comfortable discussing your experience with ATLAS, DCOM, and bordereaux processing.
✨Tip Number 3
Showcase your skills! When you get the chance, highlight your experience with contract preparation and compliance during conversations. We want to see how you can bring value to the team, so be ready to share specific examples.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Operations Associate - Binding Authority - HFG in 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 prowess. Use examples in your application that show how you've effectively communicated with clients or underwriters in the past. We love clear communicators!
Be Detail-Oriented: Attention to detail is key in our operations team. When filling out your application, make sure to proofread everything. Typos or errors can give the wrong impression. 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 keen on joining our team at StudySmarter!
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 familiar with them before the interview. If you have experience with these tools, 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.
✨Prepare Questions
Interviews are a two-way street! Prepare thoughtful questions about the team dynamics, the company culture, and how success is measured in this role. This shows that you’re not just looking for any job, but that you’re specifically interested in this position and the company.
✨Show Your Team Spirit
This role requires supporting team members across various operational activities. Be ready to share examples of how you've collaborated in the past. Highlighting your ability to work well in a team will demonstrate that you’re a great fit for their fast-growing Binders team.
