Binder Technician

Nashrock Insurance Recruitment; Greater London; On-site; GBP 36,000 - 52,000; Full time

Job summary

Nashrock Insurance Recruitment is assisting a Lloyd’s Broker to recruit a Binding Authority Technician to join the Delegated Authority team in London. The role provides technical support to Brokers and Account Executives, handling Binding Authority business across international Non-Marine risks.

You will work with Lloyd’s procedures, ensuring documentation accuracy, managing contract processing, renewals and bordereaux, and maintaining quality and regulatory compliance in a fast-paced

Qualifications

• Experience in Binding Authority/Delegated Authority roles
• Working knowledge of Lloyd’s market procedures and delegated authority processes
• Experience with premium and/or claims processing
• Proficiency with MS Office (Excel, Word)

Responsibilities

• Provide technical and administrative support to Brokers in the placement and ongoing management of Binding Authority business
• Handle premium processing, claims processing, contract administration and market filing activities
• Ensure documentation is accurate, complete and compliant with Lloyd’s and company procedures
• Liaise with Underwriters, Coverholders, Brokers, and clients to obtain information for contract processing
• Monitor binding authority records and manage inception, renewal and expiry dates
• Assist with bordereaux submissions and regulatory reporting
• Maintain accurate records and support internal audits and compliance reviews

Job description

An excellent opportunity has arisen to join a well-established and highly regarded Lloyd’s Broker as a Binding Authority Technician. Working within a specialist Delegated Authority team, the successful candidate will provide technical support to Brokers and Account Executives, ensuring the efficient administration and processing of Binding Authority business across a diverse portfolio of International Non-Marine Risks.

This role offers exposure to a broad range of delegated authority arrangements and would suit an individual with current London Market experience who is looking to further develop their technical expertise within a dynamic and client-focused broking environment.

Key Responsibilities

• Provide technical and administrative support to Brokers in the placement and ongoing management of Binding Authority business.
• Premium processing, claims processing, contract administration, and market filing activities
• Ensure all contract documentation is accurate, complete, and compliant with Lloyd’s and company market requirements.
• Dealing with Xchanging/Velonetic enquiries in a timely and professional manner
• Liaise with Underwriters, Coverholders, Brokers, and clients to obtain and verify information required for contract processing.
• Manage the submission and maintenance of Binding Authority records via Lloyd’s delegated authority systems and other market platforms.
• Monitor contract inception, renewal, and expiry dates, ensuring all documentation is processed within agreed service standards.
• Assist with the collection, review, and management of bordereaux submissions, escalating outstanding items where necessary.
• Maintain accurate records and documentation within internal systems and electronic filing structures.
• Assist with internal audits, compliance reviews, and regulatory reporting requirements.
• Build and maintain strong working relationships with Lloyd’s syndicates, company market underwriters, Coverholders, and other market stakeholders.
• Provide technical support to the wider Delegated Authority and Broking teams as required.

Role Requirements

• Experience in working in a Technical Binding Authority / Delegated Authority position for a Lloyd's Broker.
• Working knowledge of Lloyd’s market procedures and delegated authority processes.
• Experienced in premium and/or claims processing
• Knowledge of DCOM, Atlas or Xchanging/Velonetic advantageous
• Strong attention to detail with a commitment to accuracy and quality.
• Excellent organisational and time-management skills.
• Ability to manage multiple tasks and deadlines within a fast-paced environment.
• Strong communication and relationship-building skills.
• Proficiency in Microsoft Office applications, particularly Excel and Word.