Binding Authority Technician, Management Services

Miller; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

An exciting opportunity awaits at a forward-thinking company for a Binding Authority Technician. This role is pivotal in managing the slip process and ensuring compliance with Lloyd's regulations. You will collaborate closely with the Delegated Authority business unit to produce essential insurance documentation and maintain accurate records. The ideal candidate will have a strong grasp of the binding process and analytical skills, with a focus on delivering exceptional service. Join a dynamic team that values integrity and promotes a culture of excellence, while enjoying a competitive salary and comprehensive benefits package.

Benefits

10% Pension Contribution

Private Medical Insurance

Medicare Cash Plan

25 Days Annual Leave

Life Assurance

Income Protection

Critical Illness Cover

Enhanced Parental Leave

Qualifications

• Desirable CII qualifications or ongoing progress towards them.
• Minimum of 3 A level passes or equivalent.

Responsibilities

• Produce insurance documents accurately and on time.
• Liaise with Account Executives for market documentation preparation.
• Monitor signings and resolve queries promptly.

Skills

Analytical Skills

Binding Process Knowledge

Education

CII Qualifications

GCSE in English and Maths

A Levels (or equivalent)

Tools

Atlas

DCOM

Crystal

Job description

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

Role Responsibilities

1. Accurate and timely production of insurance documents including slips and EOC’s
2. 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
3. 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
4. Liaise with Account Executives to achieve agreement from markets where required
5. Maintain accurate and concise placing files, using the corporate document management system
6. Prepare and submit London Market Insurance documentation including submission of LPANs and supporting documents to Xchanging
7. Monitor signings received from Xchanging and ensure timely resolution of queries and settlement of premiums and advising the business as required
8. Maintain the diary system to ensure that files are appropriately progressed
9. Provide updates and progress reports to management as required
10. Ensure Lloyds systems are updated and maintained as necessary
11. Assist with the onboarding of new clients and BOR’s
12. 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.
13. Comply with any external rules and requirements imposed on individuals performing their role at Miller, such as Lloyd’s byelaws and FCA rules.
14. Promote Miller brand and values to enhance Miller’s reputation in the market

Qualifications

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

Knowledge

1. Strong analytical skills
2. Strong knowledge of binding process

Experience

1. Experience working in a technical binder processing role essential
2. 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