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For Companies At a Glance
- Tasks: Support the broking team with technical and administrative duties in insurance placements.
- Company: Join a reputable Lloyds Broker known for its expertise in political violence.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth.
- Why this job: Be part of a collaborative team making an impact in the insurance industry.
- Qualifications: No specific experience required; just a keen interest in insurance and strong organisational skills.
- Other info: Based in London, this role offers a chance to learn from industry experts.
The predicted salary is between 36000 - 60000 £ per year.
Summary
Our client who is a Lloyds Broker is looking for an Open Market Technician to join their Political Violence team in the London office. The purpose of the role is to work in supporting the business and Brokers with a wide range of Technical duties for Open Market placements.
Main Duties:
* Provide technical and administrative support to the broking team.
* Liaise with the broking team regarding clients\’ insurance requirements and translate this to slip detail.
* Prepare MRC,\’s Certificates, Endorsements and Policies to reflect the intent of the insurance slips that meet current Market requirements.
* Produce credit/debit notes including calculating premium adjustments.
* Prepare cover notes, broker insurance documents, debit notes and premium adjustments.
* Provide cover for the preparation and processing of policy documentation that meets Market
Open Market Technician employer: MW Appointments
Contact Detail:
MW Appointments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Open Market Technician
✨Tip Number 1
Familiarise yourself with the Lloyd's Market and its specific requirements. Understanding the nuances of Open Market placements will give you an edge in discussions and demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals already working in the insurance sector, particularly those involved in broking or technical roles. Engaging with them can provide insights into the day-to-day responsibilities and expectations of an Open Market Technician.
✨Tip Number 3
Brush up on your technical skills related to policy documentation and MRC preparation. Being able to discuss your proficiency in these areas during interviews will show that you're ready to hit the ground running.
✨Tip Number 4
Stay updated on current trends and changes within the insurance industry, especially those affecting political violence coverage. This knowledge will not only help you in interviews but also position you as a well-informed candidate.
We think you need these skills to ace Open Market Technician
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Open Market Technician. Familiarise yourself with terms like MRCs, Certificates, and endorsements, as well as the specific duties mentioned in the job description.
Tailor Your CV: Highlight relevant experience in your CV that aligns with the technical and administrative support required for the role. Include any previous work with insurance documents or broking teams to demonstrate your suitability.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses how your skills and experiences meet the needs of the Political Violence team. Mention your ability to liaise effectively with brokers and clients, and your understanding of market standards.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that all information is clear and concise. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at MW Appointments
✨Understand the Role
Make sure you have a clear understanding of what an Open Market Technician does. Familiarise yourself with the specific duties mentioned in the job description, such as preparing MRCs and liaising with the broking team.
✨Showcase Your Technical Skills
Be prepared to discuss your technical skills related to insurance documentation. Highlight any experience you have with preparing certificates, endorsements, and policies, as these are crucial for the role.
✨Demonstrate Attention to Detail
Since the role involves producing credit/debit notes and calculating premium adjustments, be ready to provide examples of how you've successfully managed detailed tasks in previous positions.
✨Ask Insightful Questions
Prepare thoughtful questions about the Political Violence team and the company's approach to Open Market placements. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
