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For Companies At a Glance
- Tasks: Manage premium processing for various insurance types and maintain client relationships.
- Company: Join a top-tier Lloyd's of London Broker known for excellent staff retention and workplace culture.
- Benefits: Enjoy a competitive salary, attractive bonuses, and hybrid work options.
- Why this job: This role offers diverse responsibilities and the chance to work with industry leaders in a supportive environment.
- Qualifications: 4+ years of experience in premium processing within a Lloyd's Broker is required.
- Other info: Ideal candidates will have knowledge of both insurance and reinsurance, especially in Non-Marine business.
The predicted salary is between 42000 - 98000 £ per year.
Senior Premium Processing Technician
Up to £70,000 + Attractive Bonus + Benefits
London / Hybrid
The Company
A reputable, boutique and international Lloyd\’s of London Broker, who have an strong reputation in the market, due to their superb level of staff retention, prided as an excellent place to work for, are now seeking a Technician, where the post-holder will be dealing with all aspects of Insurance and Reinsurance. This involves client, market and underwriter interaction, and is not your average Technical role, with much more to offer.
Role Duties
You will be responsible for managing all premium processing aspects with regards to Facultative, Binder,Treaty and Direct business. You will liaise and maintain good relationships with Clients, Underwriters, Xchanging and Lloyd\’s Delegated Authorities, as well as submitting Premium\’s to Xchanging for Facultative business including Correction packages. You will produce documentation inclusive of PANs, Debit/Credit Notes and Security Sheets. Your role will also entail working collaboratively with Brokers and Account Handlers, to ensure the smooth delivery of risk placement.
About You
You will have a minimum of 4 years + of experience in handling all aspects of Premium Processing within a Lloyd\’s Broker. You will have a solid understanding of both insurance and (re)insurance across Non-Marine business and ideally exposure in Facultative and Binder business.
Senior Premium Processing Technician employer: Nashrock Insurance Recruitment
Contact Detail:
Nashrock Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Premium Processing Technician
✨Tip Number 1
Make sure to highlight your experience in premium processing, especially within a Lloyd's Broker environment. This role requires a deep understanding of both insurance and reinsurance, so be prepared to discuss specific examples from your past work.
✨Tip Number 2
Network with professionals in the Lloyd's market. Attend industry events or join relevant online forums to connect with others who may have insights into the company culture and expectations at StudySmarter.
✨Tip Number 3
Familiarize yourself with the latest trends and regulations in the insurance and reinsurance sectors. Being knowledgeable about current market conditions can set you apart during discussions with our team.
✨Tip Number 4
Prepare to demonstrate your ability to build and maintain relationships with clients and underwriters. This role emphasizes collaboration, so think of examples where you've successfully worked with various stakeholders.
We think you need these skills to ace Senior Premium Processing Technician
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Senior Premium Processing Technician position. Highlight the key responsibilities and required experience, and think about how your background aligns with these aspects.
Tailor Your CV: Customize your CV to emphasize your relevant experience in premium processing, particularly within a Lloyd's Broker environment. Include specific examples of your work with Facultative, Binder, Treaty, and Direct business.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your understanding of the insurance and reinsurance sectors, and how your skills can contribute to maintaining strong client and underwriter relationships.
Highlight Soft Skills: In your application, don't forget to mention your interpersonal skills and ability to work collaboratively with Brokers and Account Handlers. These soft skills are crucial for ensuring smooth risk placement and maintaining good relationships in the industry.
How to prepare for a job interview at Nashrock Insurance Recruitment
✨Showcase Your Experience
Make sure to highlight your 4+ years of experience in premium processing. Be prepared to discuss specific examples of how you've managed aspects of Facultative, Binder, Treaty, and Direct business.
✨Demonstrate Relationship Management Skills
Since the role involves liaising with clients, underwriters, and other stakeholders, be ready to share instances where you've successfully built and maintained professional relationships in your previous roles.
✨Understand the Technical Aspects
Brush up on your knowledge of documentation processes like PANs, Debit/Credit Notes, and Security Sheets. Being able to discuss these confidently will show your technical proficiency.
✨Collaborative Mindset
Emphasize your ability to work collaboratively with brokers and account handlers. Prepare to discuss how you’ve contributed to smooth risk placements in past positions.
