Head of Binding Authorities

IDEX Consulting; London; Hybrid; GBP 65,000 - 75,000; Full time

Job summary

A leading Insurance Lloyd's Broker in London is seeking a Head Binder Technician to manage binding authorities and contribute to new business strategies. This role offers a competitive salary, hybrid work, and opportunities for advancement as the firm expands globally.

Benefits

25 days holiday plus birthday

5% pension contribution

Qualifications

• Experience as a Binders Technician / Delegated Authority Technician.
• Proactive in sharing ideas and business involvement.

Responsibilities

• Guide and support peers in Delegated Authority business.
• Manage internal and third-party binding authorities.
• Handle new and renewal contracts in Marine Delegated Authority business.

Skills

Cross-class insurance experience

Proactive approach

Familiarity with Whitespace

Familiarity with PPL

Familiarity with DCOM

Interest in emerging technologies

Job description

Become the lead / head Binder Technician at this well-established Insurance Lloyd's Broker in London.

This reputable Marine and Specialty Insurance Broker, with a rich history, offers strong job security. Backed by significant investment from its parent company, the firm aims to expand extensively over the next few years, transitioning from European, UK, and Australian Third Party binding authorities/in-house binders to multi-line global operations.

This role provides opportunities for progression into more senior positions and new opportunities as you grow with the company. You will have the chance to contribute ideas and work with senior leadership to explore new territories.

Day-to-day responsibilities include:

• Providing guidance and support to peers regarding Delegated authority business, managing internal and third-party binding authorities, and preparing new and renewal contracts.
• Initially focusing on Marine Delegated Authority business, including Marine Hull, Marine War, and Marine Trade, with exposure to wider commercial classes as the broker expands.
• Managing the Lloyd's DDM / DCOM system in line with monthly requirements for all Lineslips and binding authorities for London and European operations.

What can you expect from an offer?

• A base salary between £65k and £75k, depending on experience, with hybrid home working, 25 days holiday (plus birthday), and a 5% pension contribution.

What do you need to offer?

• Experience in cross-class insurance, preferably as a Binders Technician / Delegated Authority Technician.
• A proactive approach to sharing ideas and involvement in business strategies.
• Familiarity with Whitespace, PPL, DCOM, and an interest in emerging technologies.