About the Role
A leading expert Lloyds’ broker is seeking a Binding Authority Technician. The Binding Authority Technician would be reporting to the Binding Authority Technical Management team.
The purpose of this role will primarily be to contribute towards the smooth running of the Binding Authority team within the Technical Department, providing support to the Broking and Managed Underwriting departments.
Key Responsibilities
Maintenance/back-up of the Binding Authority diary
Assist with production of Confirmations of Cover, Endorsements, and other general correspondence
Submission of Binding Authority Agreements/Endorsements to Delegated Contract Manager (DCOM)
Submission of Binding Authority Agreements/Endorsements/Premium Bordereaux to Xchanging (DXC) and dealing with any resulting queries
General office administration
Premium Bordereaux processing
Contract Creation/Submission of Premium Bordereaux to the DDM System.
To learn and assist where necessary in all areas of the binding authority team
Awareness of FCA rules.
Key Skills & Experience
The client is looking for someone who has experience of the US insurance market with working knowledge in a technical binder processing role, premium bordereaux processing and knowledge of the latest Binding Authority Agreement processes and procedures.