At a Glance
- Tasks: Manage client accounts, prepare contracts, and support team members in a dynamic environment.
- Company: Join Howden, a global insurance group with a strong employee ownership culture.
- Benefits: Enjoy flexible working hours, career progression, and a supportive team atmosphere.
- Other info: Diverse workplace with opportunities for personal and professional growth.
- Why this job: Be part of a rapidly growing team and make a real impact in the insurance industry.
- Qualifications: Experience with Lloyd’s Binding Authorities and strong communication skills are essential.
The predicted salary is between 35000 - 45000 £ per year.
Howden is a global insurance group with employee ownership at its heart. Together, we have pushed the boundaries of insurance. We are united by a shared passion and no-limits mindset, and our strength lies in our ability to collaborate as a powerful international team comprised of 24,000 employees spanning over 56 countries.
People join Howden for many different reasons, but they stay for the same one: our culture. It’s what sets us apart, and the reason our employees have been turning down headhunters for years. Whatever your priorities – work/life balance, career progression, sustainability, volunteering – you’ll find like-minded people driving change at Howden.
This role is for a Binding Authority Operations Associate within a rapidly growing Binders team. As a member of the Binding Authority Operations team, you will be responsible for managing the various servicing requirements for assigned client accounts. This includes, but is not limited to, contract preparation, coverholder compliance and support, and bordereaux processing.
Primary responsibilities- Full ownership of allocated Cover holder accounts, including but not limited to:
- Drafting New and Renewal Binding Authority Agreements and mid-term Endorsements.
- Updating ATLAS and DCOM.
- Corresponding with clients regarding Contracts, Reporting and Premium settlements.
- Providing Underwriters with various Bordereaux and Premium updates.
- Updating and Maintaining Internal Broking System Records.
- Updating and Maintaining Monitoring Spreadsheets.
- Processing Contracts and Premium Bordereaux through internal systems and IMR.
- Supporting Team Members on all of the above.
- Additional duties as may be required.
We are looking for someone who has experience in managing all aspects of Lloyd’s Binding Authorities, including:
- Preparing Binding Authority Contracts across specialty Classes of Business.
- Using ATLAS and DCOM.
- PPL experience.
- Reviewing and processing Premium Bordereaux.
- Using the IMR/dealing with Xchanging.
- Liaising with Underwriters and Clients.
- Dealing with risk reports.
A career that you define. At Howden, we value diversity – there is no one Howden type. Instead, we’re looking for individuals who share the same values as us:
- Our successes have all come from someone brave enough to try something new.
- We support each other in the small everyday moments and the bigger challenges.
- We are determined to make a positive difference at work and beyond.
We're committed to providing reasonable accommodations at Howden to ensure that our positions align well with your needs. Besides the usual adjustments such as software, IT, and office setups, we can also accommodate other changes such as flexible hours or hybrid working.
If you're excited by this role but have some doubts about whether it’s the right fit for you, send us your application – if your profile fits the role’s criteria, we will be in touch to assist in helping to get you set up with any reasonable adjustments you may require.
Not all positions can accommodate changes to working hours or locations. Reach out to your Recruitment Partner if you want to know more.
Permanent
Binding Authority Operations Associate in London employer: London Insurance Life
Howden is an exceptional employer that fosters a vibrant work culture centred around employee ownership and collaboration. With a strong emphasis on work/life balance, career progression, and sustainability, employees are empowered to drive meaningful change while enjoying the benefits of a supportive international team. Located in London, this role offers unique opportunities for professional growth within a rapidly expanding sector of the insurance industry, making it an ideal place for those seeking a rewarding career.
StudySmarter Expert Advice🤫
We think this is how you could land Binding Authority Operations Associate in London
✨Tip Number 1
Network like a pro! Reach out to current employees at Howden on LinkedIn or through mutual connections. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of Binding Authorities and the specific tools mentioned in the job description, like ATLAS and DCOM. Show us you know your stuff!
✨Tip Number 3
Don’t just wait for the job to come to you! Apply through our website and make sure to follow up with a quick email to express your enthusiasm. It shows initiative and keeps you on our radar.
✨Tip Number 4
Be ready to discuss how you align with our culture at Howden. Think about examples from your past that demonstrate your teamwork and willingness to embrace new challenges. We love a good story!
We think you need these skills to ace Binding Authority Operations Associate in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Binding Authority Operations Associate role. Highlight your experience with Lloyd’s Binding Authorities and any relevant systems like ATLAS and DCOM. We want to see how your skills match what we're looking for!
Show Your Passion:Let your enthusiasm for the insurance industry shine through in your application. Share why you’re excited about joining Howden and how our culture resonates with you. We love seeing candidates who are genuinely interested in being part of our team!
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use bullet points where possible to make it easy for us to read. We appreciate clarity and want to quickly understand your qualifications and experiences.
Apply Through Our Website:Don’t forget to submit your application through our official website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at London Insurance Life
✨Know Your Stuff
Make sure you brush up on your knowledge of Lloyd’s Binding Authorities and the specific responsibilities of the role. Familiarise yourself with terms like ATLAS, DCOM, and bordereaux processing. This will show that you're not just interested in the job, but that you understand the industry.
✨Showcase Your Experience
Prepare to discuss your previous experience managing Coverholder accounts and preparing Binding Authority Contracts. Use specific examples to illustrate your skills and how they relate to the job. This will help the interviewers see how you can add value to their team.
✨Ask Smart Questions
Come prepared with insightful questions about the company culture and the Binders team. This shows that you’re genuinely interested in Howden and want to be part of their collaborative environment. It also gives you a chance to assess if the company aligns with your values.
✨Be Yourself
Howden values diversity and individuality, so don’t be afraid to let your personality shine through. Share your passions and what drives you, both professionally and personally. This will help you connect with the interviewers and demonstrate that you fit into their unique culture.
