Binder Technician

Ryan Specialty Group; City Of London; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading specialty insurance firm in London is looking for an Underwriting Operations Associate to provide essential technical rating and policy issuance support. The successful candidate will assist with drafting agreements, ensure compliance with Lloyd’s requirements, and support various stakeholders. Strong organisational skills and a detail-oriented mindset are essential. Relevant experience in the insurance market is a plus.

Qualifications

• Good organisational and administrative skills.
• Accurate and numerate with attention to detail.
• Confident communicator, both verbally and in writing.

Responsibilities

• Assist in drafting all new/renewal binding authority agreements.
• Ensure compliance with Lloyd’s Atlas requirements.
• Provide binding authority administrative support as required.
• Identify process improvements and efficiencies.

Skills

Organisational skills

Attention to detail

Strong MS Office knowledge

Confident communication

Ability to manage time

Teamwork

Knowledge of Lloyd’s market

Tools

MS Office (Excel)

Lloyd’s systems (Atlas, DCOM, DAM)

Job description

Position Summary:

The Underwriting Operations Associate provides technical rating and policy issuance support for routine to moderately complex transactions in underwriting. They work closely with agents, process mid-term premium and non-premium bearing endorsements, and ensure compliance with underwriting policies and procedures.

Location:

London - UK

What will your job entail?

Responsibilities which will evolve over time but include:

• Assist in the drafting and revision of all new / renewal binding authority agreements (including endorsements) to ensure that all appropriate clauses, exclusions, regulatory / technical requirements have been included within the contract.
• Ensure that any new Lloyd’s Atlas requirements (and amendments) are entered into the online application system, including the annual compliance check.
• Ensure that there are signed and documented letters of authority in place authorizing Ryan to underwrite all relevant classes of business.
• Provide binding authority administrative support to the MGU’s and other stakeholders (as required).
• Identify process improvements and efficiencies.
• File, manage and maintain all documentation on internal Ryan system(s).
• Attend meetings internally, with MGU’s or Brokers and deal with general ad hoc tasks as required.
• Support the Head of DA in ensuring that Ryan binding authority Policies, Standards and Procedures are adhered to.
• Coordinate with Internal or external Audits due diligence requests and any subsequent recommendations with the necessary stakeholders.

Skills and Attributes:

• Good organisational and administrative skills.
• Accurate and numerate with a keen eye for accuracy and detail.
• Computer skills - strong working knowledge of MS Office (Excel).
• Confident communicator, both verbally and in writing, who can work collaboratively with diverse stakeholders.
• Motivational skills, team worker as well as working on own initiative.
• Ability to manage time, meet deadlines and prioritise.
• Previous work experience and an understanding of Lloyd’s and Company Insurance markets advantageous.
• Familiarity with Lloyd’s systems including Atlas, DCOM, DAM systems also favourable.

Disclaimer

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization.Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression,sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners,and communities.This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.