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- Tasks: Manage client accounts, process contracts, and support team members in a dynamic environment.
- Company: Join Howden, the largest independent insurance broker with a unique employee-owned culture.
- Benefits: Enjoy a people-first culture, work/life balance, and opportunities for career progression.
- Why this job: Be part of a collaborative team that values innovation and empowers you to challenge the norm.
- Qualifications: Experience with Lloyd’s Binding Authorities and broking systems is preferred but not mandatory.
- Other info: Diversity and inclusion are at the core of our values; everyone is treated with respect.
The predicted salary is between 36000 - 60000 £ per year.
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Binding Authorities Operations Technician, London
Client:
Location: London, United Kingdom
Job Category:
Other
EU work permit required: Yes
Job Reference:
32fc3c302337
Job Views:
75
Posted:
18.02.2025
Expiry Date:
04.04.2025
Job Description:
From day one, our mission has been to create an independent business with a unique culture – one that is controlled by the people who work for it. Finding the most talented and entrepreneurial people has always been key to our success.
People come to Howden for lots of different reasons, but they stay for the same one: our culture. That’s what sets us apart, and why we nurture and retain the best talent in the market. Whatever your priorities – work/life balance, career progression, sustainability, volunteering – you’ll find like-minded people driving change at Howden.
This role is for an experienced Binding Authority Operations Technician within a rapidly growing Binders team. As a member of the Binding Authority Operations team, you will be responsible for managing the various servicing requirements for assigned client accounts. This includes, but is not limited to, Bordereaux processing, Contract preparation, Coverholder Compliance and Support, and Statistical analysis.
Main Responsibilities
Full ownership of allocated Coverholder accounts, including but not limited to:
- Drafting New and Renewal Binding Authority Agreements and mid-term Endorsements.
- Updating ATLAS and DCOM.
- Processing Contracts and Premium Bordereaux through internal systems and IMR.
- Corresponding with clients regarding Contracts, Reporting and Premium settlements.
- Providing Underwriters with various Bordereaux and Premium updates.
- Reviewing Risk Level Data and preparing reports for Underwriters.
- Updating and Maintaining Internal Broking System Records.
- Updating and Maintaining Monitoring Spreadsheets.
- Supporting and training less experienced Team Members on all of the above.
- Additional duties as may be required from time to time.
What do we need from you?
We are looking for someone who has demonstrable experience in managing all aspects of Lloyd’s Binding Authorities, including:
- Preparing Binding Authority Contracts
- Using ATLAS and DCOM
- Experience using DA SATs/DDM is preferred but not required
- Experience in reviewing and processing Premium Bordereaux
- Using the IMR/dealing with Xchanging.
- Using Broking Systems (such as Brokasure)
- Liaising with Underwriters and Clients.
- Dealing with risk reports.
Our Culture: People First
We’ve travelled far since opening our first office in 1994. Back then we were local experts – based in London, with direct access to the world’s biggest insurance market. We’re still locals, and we still deliver the right advice and the right insurance to our clients. But now, we’re local all over the world. With 15,000 global colleagues and a partner network spanning more than 100 territories, we are the largest independent insurance broker in the world. But our values haven’t changed since day one, when we set out to create a company grounded in:
• An employee-ownership model
• Aligned external investors
• The trust and integrity born of friendship
• Expertise
• Independence
Our focus on being a people-first business has always been at the very heart of Howden. Our vision was to create an independent business with a unique culture; one that would survive and thrive as a business controlled by the people working for it. Our employee ownership model sets us apart in the market. It’s created a culture of collaboration and innovation, where we’re driven to think bigger and empowered to challenge convention.
Our flat structure and entrepreneurial spirit help us attract the best people and empower them to be the best version of themselves. And when we bring in and nurture great talent, more follows. That makes us better – and that’s better for everyone.
Diversity & Inclusion
At Howden we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.
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Binding Authorities Operations Technician employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Binding Authorities Operations Technician
✨Tip Number 1
Familiarize yourself with Lloyd’s Binding Authorities and the specific systems mentioned in the job description, like ATLAS and DCOM. Having a solid understanding of these tools will not only boost your confidence but also demonstrate your readiness for the role.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work with Binding Authorities. Engaging with them on platforms like LinkedIn can provide you with insights and potentially valuable connections that could help you land the job.
✨Tip Number 3
Showcase your experience in managing client accounts and processing contracts during any informal conversations or interviews. Highlighting your past successes in similar roles will make you stand out as a strong candidate.
✨Tip Number 4
Research Howden's unique culture and values, particularly their employee-ownership model. Being able to articulate how your personal values align with theirs can significantly enhance your appeal as a candidate.
We think you need these skills to ace Binding Authorities Operations Technician
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Binding Authorities Operations Technician position. Make sure you understand the key responsibilities and required skills, such as managing Coverholder accounts and processing Premium Bordereaux.
Tailor Your CV: Customize your CV to highlight relevant experience in managing Lloyd’s Binding Authorities. Include specific examples of your work with ATLAS, DCOM, and any broking systems you've used, as well as your ability to liaise with Underwriters and clients.
Craft a Compelling Cover Letter: Write a cover letter that reflects your understanding of Howden's culture and values. Emphasize your entrepreneurial spirit and how your experience aligns with their mission of being a people-first business.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application demonstrates attention to detail, which is crucial for the role you're applying for.
How to prepare for a job interview at TN United Kingdom
✨Understand the Company Culture
Before your interview, take some time to research Howden's unique culture and values. They emphasize a people-first approach and employee ownership, so be prepared to discuss how your personal values align with theirs.
✨Showcase Your Technical Skills
Be ready to demonstrate your experience with Binding Authority Contracts, ATLAS, DCOM, and Bordereaux processing. Prepare specific examples from your past work that highlight your proficiency in these areas.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to manage client accounts. Think of scenarios where you successfully handled challenges related to compliance or contract preparation.
✨Emphasize Team Collaboration
Since the role involves supporting and training less experienced team members, be sure to share examples of how you've collaborated with others in the past. Highlight your ability to foster a supportive team environment.
