Senior Binding Technician

Gallagher; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading reinsurance firm in London is seeking a Senior Technician to join their Binders Technical Operations Division. This role involves processing intricate transactions, resolving queries, and collaborating with teams for premium collection. The ideal candidate will have extensive experience in the insurance industry and strong problem-solving skills. A competitive salary and comprehensive benefits are offered.

Benefits

Minimum of 25 days holiday

Defined contribution pension scheme

Life insurance up to 10x salary

Health cash plan or Private medical insurance

Three fully paid volunteering days

Discounted gym membership

Qualifications

• Extensive experience in bordereau processing and a deep knowledge of the insurance industry.
• Solid grasp of Facultative business, Proportional Treaties, Line Slips, Binding Authorities, and MRC.
• Proven experience working with Bureau (DXC) in accounting and settlement protocols.
• Full knowledge of end-to-end process models, including SLAs and TATs.

Responsibilities

• Process intricate technical transactions focused on monthly bordereau for Binding Authorities.
• Resolve pre-processing queries raised by the offshore team.
• Collaborate with Accounting and Credit Control Team for premium reconciliation and collection.
• Tackle ad hoc tasks with confidence and agility.

Skills

Bordereau processing

Insurance industry knowledge

Technical problem-solving

Collaboration

Job description

Introduction

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Overview

Elevate Your Career as a Senior Binding Technician at Gallagher Re – London

Are you ready to take your insurance expertise to the next level? At Gallagher Re, we’re on the lookout for a hardworking and skilled Senior Technician to join our ambitious Binders Technical Operations Division. This is your chance to be part of a global leader in broking, where innovation, teamwork, and excellence drive everything we do.

Why Join Us?

This isn’t just another job – it’s a chance to create a real impact. As a Senior Technician, you’ll play a pivotal role in ensuring our operations run seamlessly, tackling complex technical transactions, and delivering outstanding service. If you thrive on challenges and are driven by results, this is the role for you.

How you'll make an impact

• Own the Process: Take charge of processing intricate technical transactions, with a focus on monthly bordereau for Binding Authorities.
• Be the Problem-Solver: Resolve pre-processing queries raised by our offshore team.
• Collaborate for Success: Work collaboratively with our Accounting and Credit Control Team to ensure premium reconciliation and collection.
• Adapt and Excel: Tackle ad hoc tasks with confidence and agility, showcasing your versatility.

About you

• Expertise: Extensive experience in bordereau processing and a deep knowledge of the insurance industry and its regulations.
• Technical Mastery: A solid grasp of Facultative business, Proportional Treaties, Line Slips, Binding Authorities, and Market Reform Contracts (MRC).
• Bureau Knowledge: Proven experience working with the Bureau (DXC) in accounting and settlement protocols.
• Process Proficiency: A full knowledge of end-to-end process models, including SLAs and TATs.
• Eligibility: You must have the right to work in the UK.

Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
• Defined contribution pension scheme, which Gallagher will also contribute to
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
• Income protection, we’ll cover up to 50% of your annual income, with options to top up
• Health cash plan or Private medical insurance

Other benefits include:

• Three fully paid volunteering days per year
• Employee Stock Purchase plan, offering company shares at a discount
• Share incentive plan, HMRC approved, tax effective, stock purchase plan
• Critical illness cover
• Discounted gym membership, with over 3,000 gyms nationally
• Season ticket loan
• Access to a discounted voucher portal to save money on your weekly shop or next big purchase
• Emergency back-up family care
• And many more…

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.

We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.

Should you require reasonable adjustments to your application, please get in touch with [e-mail]. If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.