Binder Technician

Ryan Specialty; City Of London; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading insurance firm is seeking an Underwriting Operations Associate to provide technical rating and policy issuance support in London. The role requires strong organisational skills, attention to detail, and proficiency in MS Office. Candidates with a background in Lloyd’s and Company Insurance markets are preferred. This position involves drafting agreements, ensuring compliance with policies, and maintaining documentation.

Qualifications

• Good organisational and administrative skills.
• Accurate and numerate with a keen eye for accuracy.
• Strong working knowledge of MS Office (Excel).
• Confident communicator, both verbally and in writing.
• Ability to manage time, meet deadlines and prioritise.
• Previous work experience in Lloyd’s and Company Insurance markets is advantageous.
• Familiarity with Lloyd’s systems including Atlas, DCOM, DAM systems is favourable.

Responsibilities

• Assist in drafting new/renewal binding authority agreements.
• Ensure compliance with Lloyd’s Atlas requirements.
• Provide binding authority administrative support.
• Identify process improvements and efficiencies.
• Maintain documentation on internal systems.
• Attend internal meetings and support stakeholders.

Skills

Organisational skills

Attention to detail

MS Office proficiency

Communication skills

Teamwork

Time management

Understanding of Lloyd’s market

Familiarity with Lloyd’s systems

Tools

MS Office (Excel)

Job description

Overview

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

Responsibilities

• 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 Qualifications

• 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. Our vision is an inclusive and equitable workplace where all employees are valued for their performance and contributions. This policy extends to all aspects of our employment practices, including recruitment, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.