Binding Authority Technician

TN United Kingdom; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

An established industry player is seeking a Binding Authority Technician to join their dynamic team in London. This role focuses on providing essential technical administration and processing support, ensuring timely renewals and accurate client documentation. The ideal candidate will possess strong analytical skills and experience in technical binder processing. With a commitment to compliance and quality control, you will play a critical role in maintaining the integrity of the binder management systems. Join a company that values inclusivity and offers a competitive salary along with a generous benefits package, including a pension contribution and private medical insurance.

Benefits

10% pension contribution

Private Medical Insurance

25 days' annual leave

Life Assurance

Income Protection

Critical Illness Cover

Enhanced Maternity Leave

Enhanced Paternity Leave

Adoption Leave

Shared Parental Leave

Qualifications

• Experience in a technical binder processing role is essential.
• CII qualifications or ongoing progress towards these are desirable.

Responsibilities

• Provide technical administration and processing support to clients.
• Coordinate with Account Executives to secure market agreements.
• Monitor signings from Xchanging and resolve queries.

Skills

Analytical Skills

Technical Binder Processing

Client Documentation

Education

GCSE in English and Maths

3 A-level passes or equivalent

CII qualifications

Tools

Atlas

DCOM

Crystal

Job description

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Miller Insurance has a new vacancy for a Binding Authority Technician. The role involves providing prompt, accurate, and effective technical administration and processing support directly to clients and the business unit.

The Role

1. Keep track of impending renewals and provide renewal information to Account Executives in a timely manner to facilitate terms and firm orders.
2. Liaise with Account Executives to gather relevant information for market documentation, ensuring it meets client and market requirements.
3. Coordinate with Account Executives to secure market agreements and monitor progress using diary/pending systems.
4. Produce client documentation accurately and promptly.
5. Maintain accurate and concise placing files using the corporate document management system.
6. Work with compliance and credit control to ensure procedures are followed.
7. Maintain correct aggregate and GPI limits within Binder management systems.
8. Ensure data and records are accurately maintained within Binder management systems.
9. Generate exception reports, trend analyses, profit commission calculations, and KPI reports.
10. Prepare and submit London Market Insurance documentation, including LPAN submissions to Xchanging.
11. Review and resolve technical queries from clients, markets, credit control, claims, and the business unit, prioritizing the client’s best interests.
12. Provide updates and progress reports to management as needed.
13. Use diary systems to ensure files are progressed appropriately.
14. Monitor signings from Xchanging, resolve queries, and ensure timely premium settlements, informing the business accordingly.
15. Perform quality control checks on all documentation.
16. Set up Binding Authority contracts within internal management systems promptly.
17. Adhere to Miller’s policies, procedures, training materials, and controls, ensuring compliance with legal, financial, and regulatory standards, including Lloyd’s byelaws and FCA rules.
18. Promote Miller’s brand and values to enhance its market reputation.

Qualifications

• CII qualifications or ongoing progress towards these are desirable.
• GCSE grade C or above in English and Maths.
• Minimum of 3 A-level passes or equivalent.

Knowledge

• Strong analytical skills.
• Comprehensive knowledge of binders process.

Experience

• Experience in a technical binder processing role is essential.
• Experience with Lloyd’s market tools such as Atlas, DCOM, and Crystal.

Benefits

Alongside a competitive salary, Miller offers a fantastic benefits package including:

• 10% pension contribution from Miller, with matching up to 5%.
• Private Medical Insurance.
• Minimum of 25 days' annual leave, with options to buy or sell days.
• Life Assurance, Income Protection, Critical Illness Cover.
• Enhanced Maternity, Paternity, Adoption, and Shared Parental Leave.

Miller is committed to equal opportunities and fostering an inclusive working environment for all.