Senior Binding Authority Technician

40000.00 - 50000.00 GBP Annual + GBP40000 - GBP50000/annum
01 Sep 2017
29 Sep 2017
Contract Type
Full Time
Nashrock Insurance Recruitment are delighted to be working on behalf of a successful and well-established independent Lloyd's Insurance Broker with offices in the heart of the insurance market in the City of London.

Due to growth, they have a fantastic opportunity for an experienced Binding Authority Technician that is keen to progress their career and step into a Team Leader position.

Duties will include:

Managing own portfolio of key accounts
Reviewing and assessing more complex claims anticipating any potential issues/queries and deciding on course of action
Analysing and processing coverholder bordereau
Liaising with clients to request information and chasing for outstanding funds
Making and reconciling payments to Bureau and company markets under terms of trade
Producing statistics as required
Acting as a point of contact for client queries relating to specified accounts
Acting as a point of contact for and dealing with issues and queries from Underwriters, clients, colleagues, escalating issues as appropriate to ensure timely and efficient problem resolution
Issuing authorised cheques
Attending client, Underwriter and meetings to support colleagues on request
Typing and preparation of letters and other correspondence
Diarising, tracking and chasing documentation and information, including subjectivities, reports and authorisation
Acting in accordance with the terms of any binding authority
Providing regular feedback to Manager and Director regarding ongoing work
Entering data onto systems
Coaching and mentoring of junior team members
Ensuring compliance with FCA Guidelines and Company rules and procedures, including maintaining accurate records
Developing and managing effective relationships with key clients, underwriters, adjusters, attorneys and industry peers


Experience gained within a Lloyd's broker
Broking experience would be advantageous
Team Leader experience would be advantageous
Experience meeting deadlines with monthly bordereau
Experience dealing with coverholder premium bordereau
Knowledge and understanding of UK Binding Authority practices, processes and procedures, including systems and relevant documentation
This is an exciting opportunity with a competitive remuneration package to match, so if you have the necessary skill set then please apply within