Binder Technician

Harrison Holgate; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading Lloyd's Broker in London is seeking an experienced Binder Technician to ensure accurate processing of monthly bordereau and resolve queries. The ideal candidate will have extensive experience in bordereau processing, excellent technical insurance knowledge, and the ability to maintain strong relationships with internal stakeholders. This position offers a chance to work in a dynamic environment with a focus on market expertise.

Qualifications

• Extensive experience in bordereau processing.
• Excellent technical insurance knowledge.
• Full understanding of SLAs and TATs.

Responsibilities

• Process complex technical transactions for monthly bordereau.
• Resolve pre-processing queries within 48 hours.
• Maintain relationships with the Accounting and Credit Control Team.

Skills

Bordereau processing

Technical insurance knowledge

Understanding of end-to-end process models

Experience with Bureau (DXC)

Knowledge of Market Reform Contracts

Job description

I am working with a leading Lloyd's Broker seeking an experienced Binder Technician to join there London team.You will be responsible for ensuring accurate and timely processing of monthly bordereau, resolving queries, and maintaining relationships with internal stakeholders.

Key Responsibilities:

• Process complex technical transactions, primarily related to monthly bordereau for Binding Authorities
• Resolve pre-processing queries raised by the offshore team within 48 hours of receipt
• Maintain relationships with the Accounting and Credit Control Team to ensure premium reconciliation and collection
• Handle ad hoc tasks as required

Requirements:

• Extensive experience in bordereau processing
• Excellent technical insurance knowledge and a detailed understanding of the industry and its regulators
• Full understanding of end-to-end process models, including SLAs and TATs
• Proven experience working with the Bureau (DXC) in accounting and settlement protocols
• Solid knowledge of Facultative business, Proportional Treaties, Line Slips, and Binding Authorities
• Strong understanding of Market Reform Contracts (MRC)

As true market specialists we work in partnership with our candidates and clients, delivering unrivalled market knowledge and insight. Driven by our passion to become the partner of choice we offer tailored advice and guidance...