Binding Authority Technician

Recruiter
TPD & Associates
Location
London (Greater)
Posted
12 Feb 2018
Closes
21 Feb 2018
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time

Responsible for providing binder technical support in the Worldwide Property Division under appropriate guidance and direction from senior team members and Manager: dealing with property business emanating mostly from North America, including catastrophe exposed areas

Responsibilities

  • Check Client record is set up in the broking system, preparing approval forms where necessary
  • Prepare renewal presentations for brokers to submit to underwriters
  • Prepare binder Market Reform Contracts, including profit commissions and handling any relevant endorsements & portfolio transfers, working in conjunction with internal & external stakeholders
  • Undertake renewal and ad hoc statistical analysis as required
  • Set up and complete the Binding Authorities in BARs
  • Complete compliance annual updates and new applications within Atlas
  • Provide evidence of cover to clients, including FATCA, Withholding Statements, subjectivities, and complete the validation process
  • Log special acceptances on the broking system, scanning relevant documentation as required
  • Develop and maintain effective relationships with Cheltenham staff, providing guidance as required
  • Keep abreast of market and regulatory & tax requirements relating to the portfolio
  • Ensure compliance with external and internal guidelines and procedures at all times

Personal Attributes

Knowledge/Skills/Qualifications

  • Previous experience handling non-marine property binding authorities within the Lloyd’s market
  • Working knowledge of Crystal
  • Knowledge of Total Objects (desirable)
  • Knowledge of Binder Cloud (desirable)
  • An understanding of risk modelling/exposure management (desirable)
  • Proficient user of Microsoft Office programmes/Outlook and Internet Explorer
  • Familiar with Atlas and BARS
  • Understanding of Illinois, Kentucky and USVI (and other relevant state) regulation procedures

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