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 exciting world of insurance.
- Qualifications: 1-2 years in Lloyd's Delegated space and experience with DCOM and Atlas.
The predicted salary is between 35000 - 45000 £ 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: High Finance (UK) Limited
Join a leading specialty insurer in London, where you will thrive in a collaborative and innovative work culture that values your expertise as a Specialty & Property Pricing Actuary. With competitive salaries and bonuses, along with ample opportunities for professional growth and mentorship, this role offers a unique chance to influence pricing strategies in a dynamic Lloyd's market while working closely with senior stakeholders. Experience a supportive environment that encourages your development and rewards your contributions.
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 an opportunity or can put in a good word for you.
✨Tip Number 2
Get your LinkedIn game on point! Make sure your profile highlights your experience with DCOM and Atlas, as well as your understanding of binder business. Engage with relevant content and connect with industry professionals to increase your visibility.
✨Tip Number 3
Prepare for interviews by brushing up on your knowledge of premium accounting activities and Lloyd's processes. Be ready to discuss how you've managed multiple priorities in fast-paced environments and share examples of your strong attention to detail.
✨Tip Number 4
Don't forget to apply through our website! We’ve got loads of opportunities that might just be the perfect fit for you. Plus, it shows you're serious about joining our team and makes it easier for us to find your application.
We think you need these skills to ace Binding Authority Technician
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Binding Authority Technician role. Highlight your experience in the Lloyd's Delegated space and any relevant skills with DCOM and Atlas. We want to see how your background fits perfectly with what we're looking for!
Show Off Your Skills:In your cover letter, don’t just list your skills—show us how you've used them! Talk about specific instances where you managed premium transactions or liaised with brokers. This helps us see your practical experience in action.
Be Clear and Concise:When writing your application, keep it clear and to the point. We appreciate a well-structured application that gets straight to the important bits. Avoid fluff and focus on what makes you a great fit for our team!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy and ensures your application goes directly to us. Plus, we love seeing candidates who take that extra step!
How to prepare for a job interview at High Finance (UK) Limited
✨Know Your Stuff
Make sure you brush up on your knowledge of the Lloyd's market and delegated authority arrangements. Familiarise yourself with the key responsibilities listed in the job description, especially around premium transactions and bordereaux submissions. This will show that you're not just interested in the role but also understand what it entails.
✨Showcase Your Experience
Be ready to discuss your previous roles in insurance operations, particularly any experience with DCOM and Atlas. Prepare specific examples of how you've managed premium accounting activities or liaised with brokers and coverholders. This will help demonstrate your hands-on experience and how it aligns with what they’re looking for.
✨Ask Smart Questions
Prepare thoughtful questions about the team dynamics and how the Binding Authority Technician fits into the broader operations. This shows your interest in the role and helps you gauge if the company culture is a good fit for you. Plus, it gives you a chance to engage with the interviewers on a deeper level.
✨Demonstrate Your Communication Skills
Since strong communication and relationship-building skills are essential for this role, practice articulating your thoughts clearly and confidently. You might even want to role-play some common scenarios you could face in the position, like handling premium queries or attending client meetings, to showcase your ability to communicate effectively.
