Binding Authority Technician

City of London
£35000.00 - £45000.00 per annum
30 Sep 2020
21 Oct 2020
Danni Crego
Job Function
Broking, Technician
Contract Type

Binding Authority Technician, City, Salary up to £45,000 niche Lloyd's Broker.

Your new company
Your new job as a Binding Authority Technician will be working for a dynamic Insurance and Reinsurance Broker based in the City. They are committed to bringing their clients unparalleled expertise and connecting them with the best people, markets and solutions available. They pride themselves on their established relationships throughout the Lloyd's and Company markets and offer tailored solutions for UK and International Clients. Due to substantial growth within their Technical and Binding Authority team a permanent position for a Binding Authority Technician has arisen.

Your new role
Your new job working as a Binding Authority Technician means you will be responsible for providing support and general development on all aspects of the Company for existing and new Clients/Coverholders. This will be a Client facing role and will include the provision of technical support to clients via the producers and business units. Supporting the production, maintenance and administration of new and existing Binding Authorities, Lineslips and other Delegated Authority business. You will also be developing and maintaining relationships with Coverholders, Underwriters and other third parties as well as extensive liaison with prospective and existing clients and Underwriters. Other duties will include preparation and presentation of bordereaux to relevant parties using the Lloyd's or other reporting format, submitting contracts and premiums to XIS using the IMR and resolving any queries. Producing monthly risk level data as well as monthly aggregate reports and assisting the technical services team in processing of bordereau.

What you'll need to succeed
Your previous extensive experience working within the London Market Insurance as Binding Authority Technician dealing with Non-Marine Business. You will have experience of preparing MRC slips as well as the back end submission Xchanging via the IMR. to You will be conversant with all Lloyd's systems and requirements for Binding Authorities and Line Slips. Experience of coverholder applications from start to approval, annual compliance and attestation processes. Knowledge of Lloyd's - Atlas, BARS, Crystal will be advantageous. Ideally you will have experience of handling of all Binder risks. You will have proven experience and understanding of Lloyd's and London Market processes. Strong verbal and written communication skills and ability to build and maintain professional relationships are a must. You will also be a proficient user of Microsoft Office to include: Outlook, Word and Excel.

What you'll get in return
You'll be offered a competitive salary of up to £45,000 plus comprehensive benefits package. You'll receive support from Directors and Managers and enjoy working for a dynamic Insurance and Reinsurance Lloyd's Broker based in the heart of the City.

What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.

Hays Specialist Recruitment Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept the T&C's, Privacy Policy and Disclaimers which can be found at

Similar jobs

Similar jobs