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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 a real impact in the insurance industry.
- Qualifications: Experience with Binding Authority contracts and strong communication skills.
- Other info: Exciting role with a focus on collaboration and career advancement.
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: High Finance (UK) Limited
Contact Detail:
High Finance (UK) Limited 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 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 to meet potential employers, bring examples of your work, like contracts you've drafted or reports you've managed. This will help you stand out and demonstrate your expertise.
✨Tip Number 4
Don't forget to apply through our website! We make it easy for you to find roles that match your skills and interests. Plus, it shows you're serious about joining our 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 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 thoroughness!
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 High Finance (UK) Limited
✨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 show your expertise but also your genuine interest in the role.
✨Familiarise Yourself with the Tools
Get comfortable with ATLAS, DCOM, and IMR before the interview. If you can, try to find some online resources or tutorials to help you understand how these systems work. Being able to discuss your experience with these tools will give you a leg up.
✨Practice Your Communication Skills
Since the role involves communicating with clients and underwriters, practice articulating your thoughts clearly and confidently. You might even want to do a mock interview with a friend to get feedback on your communication style.
✨Show Team Spirit
This position requires supporting team members across various operational activities. Be ready to share examples of how you've collaborated in the past and how you can contribute to a positive team environment. Highlighting your teamwork skills can set you apart from other candidates.
