Post Bind Processing Technician

City of London
£25000.00 - £30000.00 per annum
04 May 2021
03 Jun 2021
MW Appointments
Job Function
Broking, Technician
Contract Type

Insurance Technician - Post Placement Processing
Salary to £ 30,000
City based

An opportunity to join the Property and Casualty division of a major global insurance broker.

In this role you will provide "post bind" support to the Account Managers / Brokers as well as Clients and Underwriters in preparing invoices and other client and market documentation to a high standard and preparing London market accounting submissions to the bureau and non -bureau carriers .

Role Responsibilities:

Preparation of Client premium invoices and closings using Brokasure Enterprise (BE)
Submission of market documentation to Xchanging via IMR. Using e-accounts
Facilitate the prompt resolution of bureau and accounts queries
Updating of relevant processing systems for monthly KPI purposes
Liaison with underwriters or insurers regarding premium payment where required
Monitoring signings and clearing Bureau Held Funds in conjunction with our IBA team .
Monitoring Premium payment conditions
Supporting the business and accounts department with credit control where required.
Preparation of risk and premium payment bordereaux in accordance with market and DA stats requirements

Candidate Profile:
Experience of using Brokasure Enterprise would be beneficial
A sound understanding of the bureau premium process is essential
Understanding of the working of binding authorities and facilities is essential
Working knowledge of Global Tax Liabilities and ability to understand and process Tax Schedules would be beneficial but not essential.
Understanding of Regulatory and Compliance for both Retail and Wholesale business
Ability to work on your own initiative

REF 7944

MW Appointments is acting as an Employment Agency in relation to this vacancy.

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