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- Tasks: Support broking teams by creating and refining Binder/DA contracts.
- Company: Lockton Re is a leading reinsurance broker, innovating in risk management globally.
- Benefits: Enjoy a dynamic work environment with opportunities for learning and growth.
- Why this job: Join a collaborative team focused on excellence and client service in the reinsurance industry.
- Qualifications: Experience in Binder/DA roles, strong attention to detail, and excellent communication skills required.
- Other info: This is an entry-level, full-time position in the insurance sector.
The predicted salary is between 36000 - 60000 £ per year.
Lockton Re supports businesses in understanding, mitigating, and capitalising on risk. We innovate within the reinsurance industry by leveraging new technologies, delivered by our committed team of over 450 professionals across 19 locations worldwide. As part of Lockton Companies, the world's largest privately-held insurance broker, we operate independently to provide exceptional client service without external pressures or conflicts of interest. We are expanding our Marine & Energy team and are seeking a skilled individual for the newly created role of Production Support Specialist, focusing on Binders / DA contracts.
In this role, you will work closely with our broking and client service teams to ensure contract certainty, providing first-class service. You should have a strong understanding of wordings, coverage issues, and the structure and content of Binder / DA documents, systems, and the reinsurance industry. Your responsibilities include creating, structuring, and refining Binder / DA contracts, utilising industry insights and maintaining a broad professional network.
Join a dynamic and collaborative environment with opportunities for learning, growth, and formal training to enhance your skills.
Ideal candidates will have:
- Experience in a similar Binder / DA role, supporting broking teams with knowledge of processes and contracts.
- Strong attention to detail and interest in policies, systems (Atlas, DCOM, Crystal, Risk Locator, LexisNexis, etc.).
- Excellent communication skills, both verbal and written.
- Commercial awareness and problem-solving skills.
- An analytical mindset and a drive for continuous improvement.
- Good relationship-building skills.
Level: Entry
Type: Full-time
Function: Other
Industry: Insurance
Binders / DUA Account Manager - Lockton Re employer: Lockton
Contact Detail:
Lockton Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Binders / DUA Account Manager - Lockton Re
✨Tip Number 1
Network with professionals in the reinsurance industry, especially those who have experience with Binder and Delegated Authority contracts. Attend industry events or webinars to connect with potential colleagues and learn more about the role.
✨Tip Number 2
Familiarise yourself with the specific systems mentioned in the job description, such as Atlas and DCOM. Consider taking online courses or tutorials to enhance your understanding of these tools, as they are crucial for the role.
✨Tip Number 3
Stay updated on the latest trends and developments in the Marine & Energy sectors of reinsurance. This knowledge will not only help you in interviews but also demonstrate your genuine interest in the field.
✨Tip Number 4
Prepare to discuss your problem-solving skills and how you've applied them in previous roles. Think of specific examples where you've successfully navigated challenges related to contract management or client service.
We think you need these skills to ace Binders / DUA Account Manager - Lockton Re
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Binders / DUA Account Manager position. Familiarise yourself with the specifics of Binder / DA contracts and the reinsurance industry.
Tailor Your CV: Customise your CV to highlight relevant experience in Binder / DA roles. Emphasise your knowledge of processes, attention to detail, and any specific systems mentioned in the job description, such as Atlas or DCOM.
Craft a Compelling Cover Letter: Write a cover letter that showcases your communication skills and explains why you're a great fit for the role. Mention your analytical mindset and problem-solving abilities, and how they align with Lockton Re's goals.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at Lockton
✨Know Your Wordings
Make sure you have a solid understanding of Binder and Delegated Authority wordings. Be prepared to discuss specific examples from your past experience where you successfully navigated coverage issues or refined contracts.
✨Showcase Your Attention to Detail
Highlight your meticulous nature during the interview. Bring up instances where your attention to detail made a significant difference in contract accuracy or client satisfaction.
✨Demonstrate Communication Skills
Since excellent communication is key in this role, practice articulating your thoughts clearly. You might be asked to explain complex concepts, so be ready to simplify them for different audiences.
✨Emphasise Relationship Building
Discuss your approach to building relationships within teams and with clients. Share examples of how you've successfully collaborated with broking teams or maintained a professional network in the industry.
