Binding Authority Technician | £50,000 - £60,000 | Fixed Term Contract | Hybrid
Job Ref
GJABATFTC
Salary
£50,000 - £60,000 plus excellent benefits and discretionary bonuses
Location
London, UK
Working Pattern
Full Time
Fantastic Flexibility - 1 day a week office-based plus remote working
Job Type
Broker Back Up
Class of Business
Non-Marine
About the Role
An expanding Lloyd’s Broker, is looking to hire a Binding Authority Technician to join their team. It will initially be on a 18 month fixed term contract, which could become permanent.
You will report to the Binding Authority manager, who is highly skilled and personable and has worked in the business for several years, possessing comprehensive knowledge of the Binding Authority market and is keen to pass on their outstanding knowledge.
This opportunity will suit someone who has experience in Binders business and is keen upskill and greatly improve their market knowledge.
The business can consider someone on a part-time basis.
Key Responsibilities
Handle UK & European business across Binding Authority accounts
Experience of Binding Authority contracts/processes
Processing binding authorities / lineslips agreements
Knowledge of BA systems including DDM, DCOM would be useful but not essential
Knowledge of processing entries for multiple territories (US, Canada and Intl)
Bordereaux analysis (Written and Paid)
Xchanging submissions/query resolution
Oversee ongoing due diligence of coverholders
Profit Commission calculations
Willingness to upskill and progress
Key Skills & Experience
The individual will be confident in binding authority technical processing, including bordereaux management, standard Lloyd’s reporting, and coverholder compliance and attestation. Experience working with Lloyd’s systems such as DCOM, Atlas, Crystal, IMR and related platforms is desirable.
Strong communication, organisational and administrative skills are essential, alongside excellent attention to detail, the ability to manage changing priorities, and a proactive, collaborative approach with a willingness to learn and develop where needed.