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- Tasks: Lead the Binder Technician team, managing binding authorities and contracts.
- Company: Join a reputable Marine and Specialty Insurance Broker with a strong history in London.
- Benefits: Enjoy a competitive salary, hybrid working, 25 days holiday, and a pension contribution.
- Why this job: Be part of an expanding firm with opportunities for growth and innovation in insurance.
- Qualifications: Experience in cross-class insurance and familiarity with relevant systems is essential.
- Other info: Contribute ideas and work closely with senior leadership on exciting projects.
The predicted salary is between 52000 - 78000 £ per year.
Become the lead / head Binder Technician at this well-established Insurance Lloyd\’s Broker in London.
This reputable Marine and Specialty Insurance Broker, with a rich history, offers strong job security. Backed by significant investment from its parent company, the firm aims to expand extensively over the next few years, transitioning from European, UK, and Australian Third Party binding authorities/in-house binders to multi-line global operations.
This role provides opportunities for progression into more senior positions and new opportunities as you grow with the company. You will have the chance to contribute ideas and work with senior leadership to explore new territories.
Day-to-day responsibilities include:
- Providing guidance and support to peers regarding Delegated authority business, managing internal and third-party binding authorities, and preparing new and renewal contracts.
- Initially focusing on Marine Delegated Authority business, including Marine Hull, Marine War, and Marine Trade, with exposure to wider commercial classes as the broker expands.
- Managing the Lloyd\’s DDM / DCOM system in line with monthly requirements for all Lineslips and binding authorities for London and European operations.
What can you expect from an offer?
- A base salary between £65k and £75k, depending on experience, with hybrid home working, 25 days holiday (plus birthday), and a 5% pension contribution.
What do you need to offer?
- Experience in cross-class insurance, preferably as a Binders Technician / Delegated Authority Technician.
- A proactive approach to sharing ideas and involvement in business strategies.
- Familiarity with Whitespace, PPL, DCOM, and an interest in emerging technologies.
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Head of Binding Authorities employer: IDEX Consulting
Contact Detail:
IDEX Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Binding Authorities
✨Tip Number 1
Familiarise yourself with the specific systems mentioned in the job description, such as Whitespace, PPL, and DCOM. Being able to demonstrate your knowledge and experience with these platforms during discussions can set you apart from other candidates.
✨Tip Number 2
Network within the insurance industry, particularly with professionals who have experience in marine and specialty insurance. Attend relevant events or join online forums to connect with others and gain insights that could be beneficial for your application.
✨Tip Number 3
Stay updated on emerging technologies in the insurance sector. Showing a genuine interest and understanding of how these innovations can impact binding authorities will demonstrate your proactive approach and alignment with the company's future goals.
✨Tip Number 4
Prepare to discuss your ideas on expanding into new territories and how you can contribute to the company's growth. Having a clear vision and being ready to share it can impress senior leadership and highlight your strategic thinking.
We think you need these skills to ace Head of Binding Authorities
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in cross-class insurance and any specific roles you've held as a Binders Technician or Delegated Authority Technician. Use keywords from the job description to demonstrate your fit for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your proactive approach and willingness to contribute ideas. Mention your familiarity with Whitespace, PPL, and DCOM, and express your enthusiasm for the company's expansion plans.
Highlight Relevant Skills: In your application, emphasise your experience managing internal and third-party binding authorities, as well as your ability to prepare new and renewal contracts. This will show that you understand the day-to-day responsibilities of the role.
Showcase Your Interest in Technology: Mention any experience or interest you have in emerging technologies related to the insurance industry. This could set you apart as a candidate who is forward-thinking and aligned with the company's goals.
How to prepare for a job interview at IDEX Consulting
✨Showcase Your Technical Knowledge
Make sure to brush up on your understanding of cross-class insurance and the specific systems mentioned in the job description, such as Whitespace, PPL, and DCOM. Being able to discuss these technologies confidently will demonstrate your expertise and readiness for the role.
✨Prepare Examples of Past Success
Think of specific instances where you've successfully managed binding authorities or contributed to business strategies. Sharing these examples will help illustrate your proactive approach and ability to lead within a team.
✨Understand the Company's Vision
Research the company's plans for expansion and their focus on transitioning to multi-line global operations. Showing that you understand their goals and how you can contribute will set you apart from other candidates.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's future projects and how the role of Head of Binding Authorities fits into their overall strategy. This not only shows your interest but also your strategic thinking capabilities.
