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Insurance Technician
Lawes Insurance Recruitment
London
On-site
GBP 35,000 - 65,000
Full time
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Job summary
An established industry player is seeking a skilled professional to manage Binding Authorities and insurance documentation. In this role, you will prepare new and renewal Binding Authorities, liaise with clients, and ensure compliance with industry regulations. You will also handle claims processing and provide critical analysis to various stakeholders. This position offers a unique opportunity to work in the dynamic London insurance market while enjoying a competitive salary and an annual performance bonus. If you are experienced in insurance principles and have a passion for the industry, this role is perfect for you.
Benefits
Qualifications
- Strong Binding Authority experience required.
- Proven knowledge of insurance principles and practices essential.
Responsibilities
- Prepare Binding Authorities, endorsements, and relevant documents.
- Ensure compliance with industry regulations and ethical practices.
Skills
Tools
Job description
- Prepare new / renewal Binding Authorities, endorsements and all the relevant documents
- Broking presentations for new and renewal business (includes liaising with clients in order to obtain the relevant information if needed) and slip endorsements
- Slips (including existing, new business, renewals and policy adjustments), proposal forms and full policy schedules, wordings and endorsements
- Prepare triangulations on a monthly basis
- Process risks and premium bordereau
- Process claims bordereau and claims collection in a timely fashion
- Review and provide claims history, loss information, major claims analysis and figures to other divisions, underwriters and clients
- Back-up for compliance and regulatory issues
- Deal with accounts procedures (credit control, cash allocations, accounts reconciliation, analysis of results)
- Liaise with Velonetic regarding payment of premium to market and bureau and assist them with any queries, in addition deal with premium signing queries from the bureau or underwriters
- Ensure compliance with industry regulations, company policies, and ethical practices, while handling insurance premium and claims money
Experience:
- Strong Binding Authority experience
- Proven knowledge of insurance principles and practices with a particular focus on Lloyd’s, London and International insurance markets
- Solid understanding of industry regulations and compliance requirements (CASS rules and legal principles governing insurance)
- Knowledge of main classes of business (PI, PO, PA, D&O, General Liability, Legal Expenses) in which IPR is specialised
- Proficiency in insurance funds processing and policy issuance
- Proficiency in using insurance management software and other relevant technology
- Italian as a plus
Benefits:
- 4-day week on full salary
- Competitive salary, reviewed annually
- Annual performance bonus
- Private health insurance
- Life insurance
If you have the relevant experience or know someone that does, please contact us now on 0203 411 8430 or email us at admin@lawesgroup.co.uk
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