Binder Bordereaux Technician

The Recruiter Ltd; Chelmsford; On-site; GBP 35,000 - 45,000; Full time

Job summary

A leading company in Chelmsford is seeking an individual to join their Bordereaux/Binder team, playing a crucial role in processing and compliance within underwriting. This permanent position offers a lucrative salary and commission share, with tasks including tracking bordereaux submissions, identifying anomalies, and ensuring regulatory compliance.

Qualifications

• Understanding of processes within the Lloyds marketplace.
• Knowledge of binding authorities and manipulating bordereaux data is advantageous.

Responsibilities

• Track receipt of premium/risk bordereaux for underwriting arrangements.
• Identify anomalies within bordereaux and liaise with brokers.
• Maintain compliance with UK or International regulatory obligations.

Job description

Salary: Not specified

Location: Chelmsford, Essex

Job Type: Permanent

Ref: SJP230744

We are working with an MGA based in Chelmsford who is part of a European Group that is rapidly expanding.

They are seeking someone who would be pivotal within the business to work within theBordereaux/Binderteam.

Salary and commission share, which makes this role very lucrative to the successful applicant.

A cross section of business to include Accident/Health Property and others

• Tracking timely receipt of premium/risk bordereaux for all delegated underwriting arrangements in place including contacting brokers for overdue or missing bordereaux. Escalating to Underwriting Manager or Operations Manager as appropriate where issues arise.
• Undertake monthly processing, tracking timeliness of premium/risk bordereaux submissions, and performing subsequent reporting performance of the underlying accounts.
• Identifying anomalies within the bordereau will require liaising with the brokers and underwriters, documenting your findings and, if required amending entries in our systems as necessary.
• Assisting with the setup of cover holder/binder information onto the inhouse bordereau management system using key details from the slip and ensuring where binders have multiple sections that all this information is uploaded accurately.
• To maintain compliance with any applicable UK or International statutory or regulatory obligation

Understanding of the processes and procedures of the Lloyds marketplace.

• Knowledge of binding authorities/bordereaux and cleansing/manipulating bordereaux data would be advantageous.

If you feel you have the relevant experience and expertise, then please submit your CV for consideration.

Alternatively contact Su Partridge FIRP for further information.