Binding Authority - Assistant Technician Full Time Permanent

KSA Recruitment Ltd
02 May 2017
02 Jun 2017
Contract Type
Full Time

Binding Authority - Assistant Technician Full Time Permanent

Lloyd’s of London City International Insurance Broker

Salary £25K subject to experience

A well-established London Market International Insurance broker is looking to extend it Technical Binding Authority Team.

The Role:

  • To undertake the production of bordereaux and maintenance of all binding authorities and lineslips for the London Market and those placed via the London Market.
  • Principle Objectives and Responsibilities
  • Binder Slip and Endorsement production and signings via Xchanging
  • Ensure all compliance procedures relating to the production of Binders/Lineslips are followed
  • Bordereaux signings via Xchanging
  • FDO & LPAN production and signings
  • Maintaining compliance with Lloyds/Lirma legislation regarding Binding Authority Contracts and Bureaux signing procedures
  • Provide full service delivery to all Coverholder’s ensuring that service standards are at the highest level
  • Provide information to designated carriers/markets including resolution of queries
  • Use of ATLAS - online market system to manage Lloyds coverholders
  • Use of BAR - Binding Authority Registration online market system for the registration of Lloyd's binding authorities
  • Day to day agent / producing broker contact and administration
  • Dealing with broker/client correspondence by phone email
  • Debiting
  • Liaison and understanding of client and Underwriters needs
  • Assist with negotiations with Insurers and agents/producing brokers
  • Renewal procedures
  • Slip and Endorsement production

Knowledge Required

  • Working knowledge of Binders and Signing and Accounting Procedures relating to Lloyds and Lirma.
  • Knowledge of general insurance
  • Thorough understanding of FCA Regulations and guidelines relating to commercial customers

Willingness to continue to develop knowledge of products and related issues through formal and informal learning, both internally and externally to the firm

For further information contact Kay at KSA Recruitment.