At a Glance
- Tasks: Manage Binding Authorities and support policy issuance in a fast-paced environment.
- Company: Dynamic London Market firm with a focus on North American special risks.
- Benefits: Competitive salary, career development opportunities, and a collaborative team culture.
- Other info: Exciting opportunity for growth in a technical and supportive environment.
- Why this job: Join a team where your attention to detail makes a real impact on client service.
- Qualifications: 5+ years in Lloyd's market, strong communication skills, and knowledge of US regulations.
The predicted salary is between 45000 - 55000 £ per year.
Location: London
Are you looking to build your career within a highly technical, fast‑paced London Market environment? This role offers the opportunity to work closely with brokers, Coverholders and insurers across the North American delegated authority space. You'll play a key part in supporting the smooth running of third‑party Binding Authorities and the team's own Coverholder authority, ensuring accuracy, compliance and exceptional service delivery.
The Opportunity
As an Account Handler within the North America Special Risks team, you will be responsible for the preparation, acceptance, validation and ongoing management of third‑party Binding Authorities. You will also support the binding and issuance of individual policies under the team's own authority, ensuring all activity aligns with regulatory requirements, internal procedures and insurer expectations. This is a role for someone who thrives on detail, enjoys working with data, and can build strong relationships across brokers, Coverholders, insurers and internal teams.
Key Responsibilities
- Binding Authority Management — Drafting, checking and issuing Binding Authority Agreements (BAAs) and endorsements, ensuring accuracy and compliance.
- Coverholder Liaison — Sending BAAs for acceptance, validating with insurers, and ensuring ATLAS records remain up to date.
- System & Documentation Oversight — Verifying system setup, ensuring documentation meets insurer requirements and internal guidelines.
- Profit Commission Calculations — Supporting the calculation and reconciliation of profit commissions.
- Policy Binding & Issuance — Assisting brokers with binding individual policies and ensuring timely, accurate client documentation.
- Data & Reporting — Preparing monthly Risk Level Data, aggregates and statistics, monitoring changes and escalating where required.
- Stakeholder Collaboration — Working closely with brokers, Coverholders, insurers, agents and the Cheltenham team to ensure smooth processing and premium flow.
- Process Improvement — Supporting Coverholders in improving reporting and payment processes.
- Record Management — Maintaining accurate, detailed and compliant records.
Knowledge, Skills & Qualifications
- Lloyd's & Company Market Knowledge - Min. 5 years experience!
- Delegated Authority Expertise, particularly US property business
- Excellent communication, relationship‑building and organisational skills
- High attention to detail and the ability to meet deadlines
- Understanding of US regulatory requirements
- Working towards or holding CII qualifications (Cert/Dip/ACII)
Account Handler - North America Special Risks employer: Next Employment Ltd
As an Account Handler in the North America Special Risks team, you will thrive in a dynamic London Market environment that prioritises technical excellence and exceptional service delivery. Our company fosters a collaborative work culture, offering ample opportunities for professional growth and development, while ensuring a supportive atmosphere where your attention to detail and relationship-building skills can shine. With a focus on compliance and innovation, we empower our employees to make meaningful contributions to the success of our clients and the organisation.
StudySmarter Expert Advice🤫
We think this is how you could land Account Handler - North America Special Risks
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
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Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Next Employment Ltd. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Account Handler - North America Special Risks
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Next Employment Ltd.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Next Employment Ltd. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Next Employment Ltd
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Next Employment Ltd to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Next Employment Ltd, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Next Employment Ltd's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
