Senior Binding Authority Technician

TN United Kingdom; London; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An independent, international insurance business is seeking an experienced Binding Authority Technician. This exciting role offers a unique opportunity to work a 4-day week with full pay for 5 days. You'll coordinate technical support functions, ensuring effective placement and servicing of binding authorities for intermediaries across Europe. Collaborating closely with brokers and clients, you'll manage documentation, claims processing, and account reconciliations. Join a forward-thinking company that prioritizes work-life balance and offers comprehensive benefits, including private health cover and a pension plan.

Benefits

Private Health Cover

Pension

Annual Performance Bonus

Flexible Working Hours

Qualifications

• Strong technical support experience in Binding Authority.
• Knowledge of industry regulations and compliance (CASS rules).
• Experience with insurance management software.

Responsibilities

• Preparing and checking documentation for Lloyd's and Company market presentations.
• Creating Cover and Debit Notes and broking presentations.
• Managing accounts procedures and credit control.

Skills

Technical Support in Binding Authority

Understanding Lloyd's Processes

Industry Regulations and Compliance

Insurance Funds Processing

Tools

DCOM

ATLAS

CRYSTAL

Da-Sats

PPL

RiskServe

ECF/CLASS

Job description

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Senior Binding Authority Technician, London

Client: MW Appointments

Location: London, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Reference: 8c14d0ba3081

Job Views: 3

Posted: 05.05.2025

Expiry Date: 19.06.2025

Job Description:

Summary

Are you ready to work a 4-day week on a full 5-day salary?

This role offers an opportunity for an experienced Binding Authority Technician to join an independent, international insurance business that is an accredited Lloyds Broker and Coverholder. The role involves coordinating technical support functions to ensure effective placement and servicing of binding authorities and some open market accounts for intermediaries based in Europe.

You will work closely with the technical support team, placing brokers, account executives, clients, bureaux, and markets. You will be involved in coverholder approval, onboarding, performance monitoring, and reporting.

Responsibilities include:

• Preparing and checking documentation, supporting placing brokers within Lloyd's and Company market presentations.
• Creating Cover and Debit Notes.
• Assisting in creating broking presentations for new and renewal business, liaising with clients for relevant information.
• Creating market documentation as required.
• Preparing monthly triangulations.
• Processing risks and premium bordereaux.
• Processing claims bordereaux and claims collection promptly.
• Reviewing and providing claims history, loss information, and analysis to divisions, underwriters, and clients.
• Managing accounts procedures, credit control, cash allocations, account reconciliations, and results analysis.
• Controlling IBA accounts reconciliations and claims settlements.
• Liaising with Xchanging / Velonetic regarding premium payments and queries from bureaux or underwriters.
• Understanding documentation processing using DCOM, ATLAS, CRYSTAL, Da-Sats, PPL, RiskServe, ECF/CLASS systems.

Requirements:

• Strong technical support experience in Binding Authority.
• Understanding Lloyd's processes, platforms, and bordereaux management.
• Knowledge of industry regulations and compliance (CASS rules, legal principles).
• Knowledge of professional indemnity, personal accident, D&O, and general liability is preferred.
• Proficiency in insurance funds processing and policy issuance.
• Experience with insurance management software and relevant technology.

Additional information:

• Work a 4-day week in the City office with full pay for 5 days, or 2 days in the office and 3 days remote.
• Salary based on skills and expertise, with annual performance bonus.
• Private health cover, pension, and other benefits.