At a Glance
- Tasks: Provide technical support and administration for clients in the insurance sector.
- Company: Join a leading insurance firm with a strong reputation and values.
- Benefits: Enjoy a competitive salary, generous pension contributions, and private medical insurance.
- Other info: Flexible annual leave, life assurance, and excellent career development opportunities.
- Why this job: Gain valuable experience in a dynamic environment while supporting clients and enhancing your skills.
- Qualifications: CII qualifications preferred; strong analytical skills and binder process knowledge required.
The predicted salary is between 28350 - 34650 £ per year.
2 X opportunities have arisen for a Binding Authority Technician to join us on a 15 Month Fixed Term Contract. Main responsibilities include providing prompt, accurate and effective technical administration (and processing) support directly to clients and business unit.
Role Responsibilities
- Keep track of impending renewals and provide renewal information to Account Executives in good time to enable terms to be obtained and firm orders placed.
- Liaise with Account Executives to ensure all relevant information is gathered in the preparation of market documentation and that it matches the client/market requirements.
- Liaise with Account Executives to achieve agreement from markets where required and maintaining diary/pending system to monitor progress.
- Accurate and timely production of client documentation.
- Maintain accurate and concise placing files, using the corporate document management system.
- Liaise with compliance and credit control to ensure all procedures are followed.
- Ensure that risk, premium and claim data reports are received, processed and settled within specified timescales and service levels.
- Process, monitor and update aggregate numbers and provide relevant commentary on utilisation and monitor premium against GPI.
- Work with the output of automated processes and be responsible for maintaining accurate data and records within Binder management system.
- Produce exception and trend analysis reporting, profit commission calculation and key performance indicator reports.
- Prepare and submit London Market Insurance documentation including submission of LPANs and supporting documents to Xchanging.
- Review, monitor and provide resolution to technical questions from clients, markets, credit control, claims and the business unit, to ensure that the client’s best interests are maintained.
- Provide updates and progress reports to management as required.
- Maintain diary system to ensure that files are appropriately progressed.
- Monitor signings received from Xchanging and ensure timely resolution of queries and settlement of premiums and advising the business as required.
- Perform quality control checks on all documentation.
- Adhere to and meet fully the expectations of Miller, as set out in its policies and procedures, training material, and embedded in its systems and controls.
- Comply with any external rules and requirements imposed on individuals performing their role at Miller, such as Lloyd’s byelaws and FCA rules.
- Promote Miller brand and values to enhance Miller’s reputation in the market.
Qualifications
- CII qualifications, or ongoing progress towards these, is desirable.
- GCSE grade C or above in English and Maths.
- Minimum of 3 A level passes (or equivalent).
Knowledge
- Strong analytical skills.
- Strong knowledge of binders process.
Experience
- Experience working in a technical binder processing role essential.
Benefits
- On top of a competitive salary we offer a fantastic benefits package including: 10% pension contribution from Miller. In addition, Miller will match any employee contributions up to 5%.
- Private Medical Insurance.
- Medicare cash plan.
- Minimum of 25 days annual leave (with flexibility to buy more).
- Life Assurance.
- Income Protection.
- Critical Illness cover.
- Enhanced Maternity, Paternity Adoption and Shared Parental Leave.
Binding Authority Technician (15 Month FTC) employer: Miller Insurance Services LLP
Miller Insurance Services LLP is an excellent employer for those seeking to make a meaningful impact in the technology sector. With a strong focus on employee growth and development, we offer a collaborative work culture that encourages innovation and creativity. Our competitive benefits package, including a 10% pension contribution and private medical insurance, ensures that our team members are well-supported both personally and professionally.
Contact Details:
Miller Insurance Services LLP Recruitment Team
We think you need these skills to ace Binding Authority Technician (15 Month FTC)
Technical Administration
Client Liaison
Market Documentation Preparation
Diary Management
Data Processing
Document Management System
Risk and Premium Reporting
