At a Glance
- Tasks: Support binder-led solutions and manage client accounts with precision.
- Company: Join Lockton Re, a leading reinsurance broker with a global presence.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Opportunity for career growth in a fast-paced, collaborative setting.
- Why this job: Be part of a dynamic team driving innovation in the reinsurance industry.
- Qualifications: Strong analytical skills and ability to build client relationships.
The predicted salary is between 35000 - 45000 £ per year.
About the Role
Lockton Re helps businesses understand, mitigate, and capitalize on risk. We’re pushing the reinsurance industry forward with smarter solutions that leverage new technologies – delivered by people empowered to do what’s right for clients. Our success has seen the business grow to a headcount of more than 500 associates across 23 locations globally. We’re Lockton’s reinsurance business, part of the world's largest privately‑held insurance broker. Fierce independence frees us to deliver an exceptional client service experience, unencumbered by pressure from financial markets, geographical divides or silos, or conflicts of interest between organisational goals and our clients’ needs.
As part of our continued expansion, Lockton Re is investing in the growth of its newly formed Portfolio Solutions team. This team plays a key role in supporting the delivery and servicing of binder‑led solutions, and we are seeking a Binder Technician to join our Client Services division.
Role Responsibilities
- Reviewing both new and existing binders FDO (For Declaration Only) presentation
- Premium & Claims bordereaux processing to bureau and non bureau
- Binding Authority Claims handling
- Proactively resolve coverage and accounting‑related queries, ensuring there are no delays in current or future transactions
- Maintain timely accounting to client and underwriters
- Experience covering various lines of business
- Converse with client and underwriters on a technical level
- Work independently, managing priorities and supporting team colleagues to ensure customer satisfaction
- Excellent technical knowledge of the Lloyd’s and or Company Reinsurance market
- Demonstrates a solid understanding of query handling with Velonetic, including investigation and resolution
- Actively builds relationships with team, internal and external clients
- Identify client’s individual requirements and work alongside them to achieve the best possible outcomes
- Participate in client and reinsurer meetings as required
- Broker Support
- Debroke Risk sign down
- Prepare and maintain account statistics
- Provide support in the overall servicing of the client’s account and retention of business
- Use Electronic methods throughout full process
Qualifications
- Demonstrate ability to instil confidence with clients so that the client looks to you and to Lockton Re as more than just a reinsurance broker, but as a partner in business.
- Ability to compile, analyse and interpret financial information and data to facilitate decision making.
- Ability to manage time, prioritise and ensure that deadlines are met without compromising quality.
- Professional and tactful negotiation and persuasion skills to achieve objectives.
- Proven problem‑solving skills, including the ability to resolve unusual and complex issues and then devise actionable solutions.
Binder Technician employer: Lockton
Join a dynamic and innovative company that prioritises employee growth and development, particularly in the role of IT Application Development Manager. With a strong focus on modernisation and cloud-native solutions, you will thrive in a collaborative work culture that encourages creativity and forward-thinking. Located in a vibrant tech hub, the company offers competitive benefits, a commitment to work-life balance, and unique opportunities to lead transformative projects that shape the future of technology.
StudySmarter Expert Advice🤫
We think this is how you could land Binder Technician
✨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 Lockton). 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 Lockton. 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 Binder Technician
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 Lockton.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lockton. 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 Lockton
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Lockton 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 Lockton, 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 Lockton'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.
