At a Glance
- Tasks: Manage premium accounting and support various insurance processes in a dynamic environment.
- Company: Independent Lloyd's Broker with a focus on technical expertise and mentorship.
- Benefits: Full mentoring, exposure to diverse insurance classes, and career development opportunities.
- Other info: Engaging role with varied responsibilities and excellent networking opportunities.
- Why this job: Join a vibrant team and enhance your skills in the London insurance market.
- Qualifications: 2+ years in technical processing, DCOM experience, and strong communication skills.
The predicted salary is between 29700 - 36300 £ per year.
Role Overview
An independent Lloyd's Broker, are now actively seeking a Technician who is looking to further develop their technical expertise within the London insurance market.
This is a varied and engaging role, offering exposure to a broad range of classes of business and insurance types, ensuring no two days are the same.
A background in binders is essential, and previous DCOM experience is required.
Full mentoring and support will be provided for any areas that fall outside of the successful candidate's current experience.
This role ensures timely and precise handling of premium accounting activities across multiple classes of business and territories, supporting both internal stakeholders and external partners including underwriters, insurers, and clients.
Key Responsibilities
- Register and maintain binder information on DCOM.
- Manage annual compliance activity via Atlas.
- Submit FDOs to Xchanging accurately and within required timeframes.
- Allocate incoming premium efficiently and accurately.
- Ensure premiums are paid to markets in a timely manner.
- Process premium bordereaux and associated documentation.
- Submit premium bordereaux to Xchanging as required.
- Respond to and resolve Xchanging queries in a professional and timely manner.
- Build and maintain strong working relationships with clients and market contacts.
- Support premium processing across other insurance types, including Open Market, Lineslips, Treaty and Excess of Loss business.
About You
- 2 + years of experience within a technical processing role in the Lloyd's and London Market
- Experience in using DCOM, Atlas and Xchanging
- Ability to meet tight and accurate deadlines
- Excellent communication and attention to detail skills
- Can work independently or as part of a team
Insurance Technician in London employer: Jobiqo
Bromley Council is an exceptional employer, dedicated to fostering a supportive and inclusive work environment where employees can thrive. With a strong commitment to professional development, flexible working arrangements, and a generous benefits package, including a local government pension scheme and unique discounts, the Council prioritises employee well-being and career growth. Located in the vibrant Bromley Civic Centre, you will be part of a team that plays a crucial role in shaping the future of the borough while enjoying the balance of urban and suburban life.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Technician in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Jobiqo). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Jobiqo. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Insurance Technician in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Jobiqo.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Jobiqo. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Jobiqo
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Jobiqo to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Jobiqo, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Jobiqo's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
