Open Market Technician

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

Job summary

A Lloyds Broker is seeking an Open Market Technician to join their Political Violence team in London. The role involves providing technical and administrative support to the broking team, preparing insurance documents, and ensuring compliance with Market standards. Candidates should have a strong understanding of the insurance process and the ability to effectively liaise with stakeholders.

Qualifications

• Experience in technical and administrative support.
• Strong understanding of the insurance process and documentation.
• Ability to liaise effectively with the broking team.

Responsibilities

• Provide technical and administrative support to the broking team.
• Liaise with the broking team regarding clients' insurance requirements and translate these into slip details.
• Prepare MRCs, Certificates, Endorsements, and Policies to reflect the intent of the insurance slips.

Job description

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Summary

Our client, a Lloyds Broker, is seeking an Open Market Technician to join their Political Violence team in London. The role involves supporting the business and brokers with a range of technical duties related to Open Market placements.

Main Duties:

1. Provide technical and administrative support to the broking team.
2. Liaise with the broking team regarding clients' insurance requirements and translate these into slip details.
3. Prepare MRCs, Certificates, Endorsements, and Policies to reflect the intent of the insurance slips in accordance with current Market requirements.
4. Produce credit/debit notes, including calculating premium adjustments.
5. Prepare cover notes, broker insurance documents, debit notes, and premium adjustments.
6. Assist in the preparation and processing of policy documentation that complies with Market standards.