Binding Authority Technician, Management Services

Miller; London; On-site; GBP 35,000 - 50,000; Full time

Job summary

A leading insurance firm in London is seeking a Binding Authority Technician. The role involves managing insurance documentation, liaising with Account Executives, and ensuring compliance with industry regulations. Candidates should have strong analytical skills and familiarity with relevant market tools. A competitive salary and benefits package, including a 10% pension contribution, private medical insurance, and more are offered.

Benefits

10% pension contribution from Miller

Private Medical Insurance

Minimum of 25 days annual leave

Life Assurance

Income Protection

Qualifications

• Strong analytical skills are essential.
• Familiarity with the binding process is required.
• Experience with Lloyd's market tools is crucial.

Responsibilities

• Produce insurance documents accurately and on time.
• Track impending renewals and assist Account Executives.
• Liaise with Executives to gather market information.
• Prepare London Market Insurance documentation.
• Maintain accurate and concise placing files.

Skills

Strong analytical skills

Strong knowledge of binding process

Education

CII qualifications, or ongoing progress towards these

GCSE grade C or above in English and Maths

Minimum of 3 A level passes (or equivalent)

Tools

Atlas

DCOM

Crystal

Job description

Binding Authority Technician, Management Services

We have an exciting new opportunity at Miller for a Binding Authority Technician to join the team. We are looking for someone who is a slip specialist to take ownership of this process within the team, working closely with the Delegated Authority business unit.

Role Responsibilities

• Accurate and timely production of insurance documents including slips and EOC’s
• 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
• Maintain accurate and concise placing files, using the corporate document management system
• Prepare and submit London Market Insurance documentation including submission of LPANs and supporting documents to Xchanging
• Monitor signings received from Xchanging and ensure timely resolution of queries and settlement of premiums and advising the business as required
• Maintain the diary system to ensure that files are appropriately progressed
• Provide updates and progress reports to management as required
• Ensure Lloyds systems are updated and maintained as necessary
• Assist with the onboarding of new clients and BOR’s
• 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 binding 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

Benefits

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
• Medicare cash plan
• Minimum of 25 days annual leave (with flexibility to buy more)
• Life Assurance
• Income Protection
• Critical Illness cover
• Enhanced Maternity, Paternity Adoption and Shared Parental Leave