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- Tasks: Join a dynamic team handling diverse insurance and reinsurance tasks in a supportive environment.
- Company: Established Lloyd's broker known for its collaborative culture and expertise.
- Benefits: Competitive salary, hybrid working, and opportunities for professional growth.
- Why this job: Gain valuable experience across binding authorities and open market operations.
- Qualifications: Experience in Lloyd's broker with strong technical skills and proactive attitude.
- Other info: Enjoy a stable career with a respected broker and potential for increased responsibility.
The predicted salary is between 36000 - 60000 ÂŁ per year.
A wellâestablished, independent Lloyd's broker is looking to add an Insurance & Reinsurance Technician to its Technical team. This is a great opportunity for someone who enjoys variety, wants exposure across binding authorities, open market business and delegated authority operations, and is looking to grow within a supportive, collaborative environment.
The role sits within a highly experienced technical function and offers the chance to work across the full life-cycle of binding authorities and open market placements, supporting both internal stakeholders and external clients.
Key Responsibilities- Preparing binding authority, lineslip and open market MRCs, endorsements and associated documentation, using LMA wordings and market guidelines
- Setting up, handling and administering binding authorities, including DCOM
- Supporting cover-holder compliance, including use of Atlas and Crystal
- Liaising with clients, underwriters, Lloyd's and internal teams
- Producing and processing risk and premium bordereaux
- Submitting documentation via Xchanging, including A&S and delinking
- Preparing LPANs, closings, endorsements and payment requests
- Running accounting reports, reconciliations and maintaining technical files
- Entering risks and transactions into internal systems (training provided)
- Supporting MI preparation, workflow tracking and general technical duties
- Ensuring renewals, adjustments and quotations are handled efficiently and accurately
- Experience within a Lloyd's broker, ideally across insurance, reinsurance and binding authorities
- Strong understanding of Lloyd's and Company market technical processes
- Confident handling LPANs, bordereaux and binding authority administration
- Familiarity with Atlas (essential)
- Good IT skills, especially Excel
- Strong communication, organisation and problemâsolving skills
- Someone proactive, adaptable and comfortable working across varied technical tasks
- Exposure across binding authorities, open market and delegated authority operations
- A genuinely supportive team with strong technical expertise
- Opportunity to take on more responsibility as you grow
- A stable, wellârespected broker with a longâstanding presence in the Lloyd's market
If you would like to explore this role further or want a confidential conversation about how it could fit your experience, feel free to get in touch.
Insurance & Reinsurance Broker Technician in London employer: Nabu Services Limited
Contact Detail:
Nabu Services Limited Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Insurance & Reinsurance Broker Technician in London
â¨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and donât be shy about reaching out to professionals on LinkedIn. We all know that sometimes itâs not just what you know, but who you know!
â¨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with binding authorities and technical processes. We want to see how you can bring value to the team, so donât hold back on showcasing your expertise!
â¨Prepare for the Interview
Do your homework before the interview! Understand the companyâs role in the Lloyd's market and be ready to discuss how your skills align with their needs. We recommend practising common interview questions related to insurance and reinsurance to boost your confidence.
â¨Apply Through Our Website
Donât forget to apply through our website! Itâs the best way to ensure your application gets noticed. Plus, weâre always looking for passionate individuals who are eager to grow within a supportive environment like ours.
We think you need these skills to ace Insurance & Reinsurance Broker Technician in London
Some tips for your application đŤĄ
Tailor Your CV: Make sure your CV is tailored to the Insurance & Reinsurance Broker Technician role. Highlight relevant experience, especially in Lloyd's and binding authorities, and donât forget to showcase your IT skills, particularly with Excel!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why youâre passionate about this role and how your background aligns with the responsibilities listed. Be sure to mention your proactive approach and adaptability.
Showcase Your Technical Skills: Since this role involves a lot of technical duties, make sure to highlight any experience you have with LPANs, bordereaux, and compliance tools like Atlas. This will show us that youâre ready to hit the ground running!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. Itâs the best way for us to receive your application and get you on our radar quickly!
How to prepare for a job interview at Nabu Services Limited
â¨Know Your Technical Stuff
Make sure you brush up on your knowledge of binding authorities, LPANs, and bordereaux. Familiarise yourself with LMA wordings and market guidelines, as these will likely come up during the interview. Being able to speak confidently about your technical skills will impress the interviewers.
â¨Show Off Your Communication Skills
Since this role involves liaising with clients, underwriters, and internal teams, it's crucial to demonstrate your strong communication abilities. Prepare examples of how you've effectively communicated in past roles, especially in complex situations. This will show that you're not just technically savvy but also a team player.
â¨Be Proactive and Adaptable
The job description highlights the need for someone who is proactive and adaptable. Think of instances where you've taken initiative or adapted to changes in your work environment. Sharing these experiences will help convey that you're the right fit for their supportive and collaborative team.
â¨Prepare Questions for Them
Interviews are a two-way street, so prepare thoughtful questions about the company culture, team dynamics, and growth opportunities. This shows that you're genuinely interested in the role and helps you assess if it's the right fit for you too.