Binder Technician

Hays.; London; On-site; GBP 50,000 - 60,000; Full time

Job summary

A leading company in the insurance sector is seeking a Binder Technician/Senior Binder Technician to manage delegated authority business and binding authorities. This role involves preparing contracts, monitoring performance, and ensuring compliance with market requirements. The ideal candidate will have experience handling international binders and possess strong analytical and communication skills. Flexible working options and a competitive salary of up to £60,000 plus bonuses and benefits are offered.

Benefits

Flexible working options

Comprehensive benefits package

Qualifications

• Experience as a Binder Technician or Binding Authority Technician handling International Binders.
• Knowledge of FCA and Lloyd's Market requirements.
• Proactive in keeping industry knowledge up to date.

Responsibilities

• Provide guidance on Delegated authority business and manage binding authorities.
• Prepare contracts, presentations, and reports for binding authorities.
• Deal with Profit Commission calculations and collections.

Skills

Communication

Organisational

Data Analysis

Numeracy

Literacy

Tools

Atlas

DCOM

DDM

Lloyd's Crystal

Aims

PPL

Whitespace

Microsoft Office Suite

Job description

Your new company

Your new company is proud to be a smaller niche independent established Lloyd's Broker based in the heart of the City and with offices across the world. They have offices in over 12 countries and over 100+ staff worldwide, specialising in unique insurance solutions. The business has expanded, and they deal with specialist classes to include Property, Marine, Fine Art and Specie, Construction, Aviation, Energy, Real Estate, Professional Indemnity and Cyber Risk. Your new company are uniquely positioned to provide their customers with quality insurance solutions, advice and personal services. Due to substantial growth within the Technical team a permanent position for a Binder Technician/ Senior Binder Technician has arisen.

Your new role

Your new role working as a Binder Technician or Senior Binding Authority Technician means you will be providing guidance and support to teams in relation to Delegated authority business and assisting in the management of all Internal and Third-Party binding authorities including the monitoring of declarations and bordereaux.

Duties will include preparing new and renewal contracts for all delegated authority business, preparing renewal presentations and statistics for all binding authorities and/or line slips, and provide reporting, addressing DA performance, and ensuring binding authority limits and guidelines are adhered to.

Other duties will also include the management of Lloyd's DCOM, DDM and Atlas systems, producing and monitoring quarterly premiums for Third Party binding authorities, issuing triangle statistics and managing and assisting new Coverholders applications.

This role will also include dealing with Profit Commission calculations and collections on binders, providing statistics on contracts, territories and lineslips as well as provide management information on agents on a quarterly basis.

What you'll need to succeed

Your previous experience working as a Binder Technician or Binding Authority Technician with the experience in handling International Binders will contribute to your success in securing this role. You will have knowledge of general insurance business and be confident in FCA and Lloyd's Market requirements. You will need market, industry and product knowledge and be proactive in keeping knowledge up to date. You will have numeracy and literacy skills as well as communication, organisational and data analysis skills. You will act with integrity, due skills, care and diligence. Ideally you will have experience in systems such as Atlas, DCOM, DDM, Lloyd's Crystal, Aims (Lloyd's Audit), PPL, Whitespace and Microsoft Office Suite.

PLEASE ONLY APPLY IF YOU HAVE EXPERIENCE WORKING AS A TECHNICIAN HANDLING INTERNATIONAL BINDERS OR BE A DUA TECHNICIAN.
EXPERIENCE OF DCOM AND DDM IDEALLY

What you'll get in return

Flexible working options available.

You'll be offered a competitive salary of up to c£60,000, d.o.e (+ Bonus + Benefits) plus a comprehensive benefits package. You'll receive support from both Directors and Managers and be given the opportunity to develop and take on more responsibility in the future. You'll enjoy working as part of a growing and friendly team with a unique vision to grow and develop long term Client needs.

What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.
#LI-DNI
#4647864 - Danni Crego