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- Tasks: Support the Binding Authority team with administration and documentation tasks.
- Company: Join a well-established Lloyd’s broker with a stellar reputation.
- Benefits: Competitive salary up to £45,000 plus bonuses and career growth.
- Why this job: Be part of a dynamic team in the exciting world of insurance and finance.
- Qualifications: Degree in Accounting and a passion for learning in a fast-paced environment.
- Other info: Great opportunity for graduates looking to kickstart their career in finance.
The predicted salary is between 40000 - 45000 £ per year.
Our client is looking for an experienced Binding Authority Technician to £45,000 + bonus. This highly regarded and well established Lloyd’s broker has an excellent market reputation and is now looking for someone who will contribute towards the smooth running of the Binding Authority team within the Technical Department, providing support to the Broking and Managed Underwriting departments.
Responsibilities:
- Maintenance/back-up of the Binding Authority diary.
- Assist with production of Confirmations of Cover, Endorsements and other general correspondence.
- Submission of Binding Authority Agreements/Endorsements to Delegated Contract Manager.
- Submission of Binding Authority Agreements/Endorsements/Premium Bordereaux to Xchanging and dealing with any resulting queries.
- General office administration.
- Contract Creation/Submission of Premium Bordereaux to the DDM System.
- To learn and assist where necessary in all areas of the binding authority team.
Binding Authority Technician – Insurance Reinsurance Support employer: Taylor James Resourcing
Contact Detail:
Taylor James Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Binding Authority Technician – Insurance Reinsurance Support
✨Tip Number 1
Network like a pro! Reach out to people in the insurance and reinsurance sectors, especially those working as Binding Authority Technicians. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you understand the ins and outs of Binding Authority Agreements and Premium Bordereaux. We want you to impress with your expertise!
✨Tip Number 3
Showcase your skills through practical examples. When discussing your experience, highlight specific instances where you’ve contributed to a team or solved a problem in the Binding Authority process. This will make you stand out!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Binding Authority Technician – Insurance Reinsurance Support
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Binding Authority Technician role. Highlight relevant experience and skills that match the job description, especially in areas like insurance and reinsurance support.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the team. Mention your degree in Accounting and any specific experiences that relate to the responsibilities listed in the job description.
Showcase Your Attention to Detail: As a Binding Authority Technician, attention to detail is key. In your application, provide examples of how you've successfully managed tasks that require precision, like handling confirmations of cover or premium bordereaux.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates regarding your application status!
How to prepare for a job interview at Taylor James Resourcing
✨Know Your Numbers
As a Binding Authority Technician, you'll be dealing with financial data regularly. Brush up on your accounting principles and be ready to discuss how you've applied them in past roles. This shows you’re not just a graduate but someone who can handle the specifics of the job.
✨Familiarise Yourself with the Industry
Research the insurance and reinsurance sectors, especially the role of Lloyd’s brokers. Understanding current trends and challenges will help you engage in meaningful conversations during the interview, demonstrating your genuine interest in the field.
✨Prepare for Technical Questions
Expect questions about the technical aspects of the role, such as the Binding Authority process and Premium Bordereaux submissions. Review relevant terminology and processes so you can confidently answer any queries that come your way.
✨Show Your Team Spirit
This role involves working closely with various departments. Be prepared to share examples of how you've successfully collaborated in the past. Highlighting your teamwork skills will show that you can contribute positively to the Binding Authority team.
