Binding Authority Technician

Miller; London; On-site; GBP 40,000 - 55,000; Full time

Job summary

A leading insurance company in London is seeking a Binding Authority Technician. This role focuses on providing technical administration and support to clients, ensuring compliance with industry standards and enhancing documentation processes. Candidates should possess strong analytical skills and relevant qualifications, highlighting their ability to manage and process binder information accurately.

Benefits

10% pension contribution from Miller

Private Medical Insurance

25 days annual leave with flexibility

Life Assurance

Income Protection

Critical Illness cover

Enhanced Maternity, Paternity Adoption and Shared Parental Leave

Qualifications

• Progress towards CII qualifications is desirable.
• Experience in a technical binder processing role is essential.
• Strong analytical skills are required.

Responsibilities

• Provide technical administration support to clients.
• Maintain accurate data and records within Binder management system.
• Liaise with Account Executives for proper documentation preparation.

Skills

Analytical skills

Knowledge of binders process

Education

CII qualifications

GCSE grade C or above in English and Maths

Minimum of 3 A level passes (or equivalent)

Tools

Atlas

DCOM

Crystal

Job description

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Miller Insurance has a new vacancy as a Binding Authority Technician. The purpose of this role is to provide prompt, accurate and effective technical administration (and processing) support directly to clients and business unit.

The Role

• Keep track of impending renewals and provide renewal information to Account Executives in good time to enable terms to be obtained and firm orders placed
• Liaise with Account Executives to ensure all relevant information is gathered in the preparation of market documentation and that it matches the client/market requirements
• Liaise with Account Executives to achieve agreement from markets where required and maintaining diary/pending system to monitor progress
• Accurate and timely production of client documentation
• Maintain accurate and concise placing files, using the corporate document management system
• Liaise with compliance and credit control to ensure all procedures are followed
• Ensure aggregate and GPI limits are correctly maintained within Binder management systems
• Be responsible for maintaining accurate data and records within Binder management system
• Produce exception and trend analysis reporting, profit commission calculation and key performance indicator reports
• Prepare and submit London Market Insurance documentation including submission of LPANs and supporting documents to Xchanging
• Review, monitor and provide resolution to technical questions from clients, markets, credit control, claims and the business unit, to ensure that the client’s best interests are maintained
• Provide updates and progress reports to management as required
• Maintain diary system to ensure that files are appropriately progressed
• Monitor signings received from Xchanging and ensure timely resolution of queries and settlement of premiums and advising the business as required
• Perform quality control checks on all documentation
• Ensure Binding Authority contracts are set up within internal Binder management systems in a timely fashion
• Adhere to and meet fully the expectations of Miller, as set out in its policies and procedures, training material, and embedded in its systems and controls. Our policies and
• procedures are written to encapsulate the compliance, legal and financial crime related legislation and regulations which apply to Miller.
• Comply with any external rules and requirements imposed on individuals performing their role at Miller, such as Lloyd’s byelaws and FCA rules.
• Promote Miller brand and values to enhance Miller’s reputation in the market
  
  

Qualifications

• CII qualifications, or ongoing progress towards these, is desirable
• GCSE grade C or above in English and Maths
• Minimum of 3 A level passes (or equivalent)
  
  

Knowledge

• Strong analytical skills
• Strong knowledge of binders process
  
  

Experience

• Experience working in a technical binder processing role essential
• Experience with the use of Lloyd’s market tools including Atlas, DCOM and Crystal
  
  

On top of a competitive salary we offer a fantastic benefits package including:

• 10% pension contribution from Miller. In addition, Miller will match any employee contributions up to 5%.
• Private Medical Insurance
• Minimum of 25 days annual leave (with flexibility to buy or sell)
• Life Assurance
• Income Protection
• Critical Illness cover
• Enhanced Maternity, Paternity Adoption and Shared Parental Leave

** Miller is committed to providing equal opportunities to all applicants and to creating an inclusive working environment for all.