Binding Authority Management Technicians

16000.00 - 20000.00 GBP Annual + GBP16000 - GBP20000/annum DOE
10 Jan 2019
07 Feb 2019
Job Type
Contract Type
Just Recruitment are partnered with a leading Insurance Services provider, providing them with staff across the UK.

They are now looking to recruit several Binding Authority Management Technicians for a brand-new team based in Stoke On Trent.

Job Purpose:

Working as part of a team under the new Binding Authority Management Team Manager and with colleagues in the clients Essex based offices, you will complete a monthly cycle of tasks that assists in the Binder Management process within the premium department.

You will work closely with Lloyd's syndicates to provide a complete premium data base of written and premium risks within Binding Authority contracts and will be responsible for managing broker relationships to bring about continuous improvements in the provision and quality of bordereaux.

You will work to meet pre-agreed targets to ensure that internal and external SLA's, and objectives are met.

Our client is open to meeting with candidates who are looking to enter this Industry. You could either be a recent Graduate or you already have some solid work experience within administration. Strong analytical skills coupled with a good working knowledge of Microsoft Excel is essential.

Duties and Responsibilities:

•Review Slip Information from Client remote Systems / market repositories.
•Set up Coverholder/ Binder information onto Insurer and Market Services' bespoke Binding Authority System using key details from the slip sections and ensuring where binders have multiple sections that all this information is uploaded accurately.
•Where broker/ third parties utilise repositories ensure bordereaux is downloaded and any missing bordereaux should be reported.
•Contact brokers/ third parties to obtain all missing written and premium bordereaux which is not available on market systems.
•Review all emails that are sent to Insurer and Market Services' generic mailbox within SLA to ensure bordereaux is obtained and processed within a timely manner.
•To save Bordereaux received to correct locations and file email correspondence in the correct Insurer and Market Services' format.
•Reconcile the premium bordereaux against Lloyds Account Enquiry to ensure the overall premium declarations on the bordereaux have been signed and paid to Xchanging.
•Map subsequent bordereaux against pre-defined Lloyd's templates, creating templates where these do not exist.
•Submit all new/ amended mapping templates to QC and work with the quality controller to resolve errors and ensure these errors are improved on.
•Review compliance checks upon uploading, against client requirement tables, validating certain fields as defined under the slip requirements against the information supplied within the bordereaux.
•Maintain feedback in a timely and efficient manner, ensuring this is followed up where necessary. Ensure such feedback is comprehensive and addresses all Binder related criteria thus providing dashboard viewers with a true and accurate position.
•Progress coverholder bordereaux standards to bring these in line with Lloyd's and clients' requirements and escalations any bordereaux quality issues to the broker and team leaders.
•Conduct analysis of historical bordereaux uploads eradicating bordereaux provision and quality issues as part of the renewal reporting process.

Skills & Experience:

•Knowledge of Microsoft Office programmes; Outlook, Word and Excel.
•Ability to interpret and manipulate data clearly and accurately with the ability to extract and identify key issues.
•Ability to work to tight deadlines within a team environment, with good motivational, organisational, communication and presentation skills.
•Good numerical skills, with the ability to work accurately and showing attention to detail.
•Strong reporting capabilities