Job type
PermanentLocation
City of LondonWorking Pattern
Full-timeSpecialism
Insurance OperationsIndustry
InsurancePay
45K
Binder Operation Assistant, 45K, working for a growing Lloyd’s Syndicate
Your new company
Your new company is a leading Lloyd’s Syndicate based in the heart of the City and are unique in the sense that they operate as a Syndicate, with an Internal Broking Team and have managing agency capacity. Your new syndicate provides both insurance and reinsurance solutions around the world, with a particular focus on high growth markets and those where Lloyd’s has traditionally been underweight. Due to significant growth in the Operations Team and the Binder facilities, a new permanent job as an Operations Technician focussing on Binders has arisen.
Your new job
Your new job working as an Operations Assistant working on Binder risks means you will be acting as the conduit between the outsource provider and the syndicate. This will mean managing the relationship and the Binder agreements between the outsource provider and the syndicate. This role is unique in the sense that you will be working on providing technical support to the Underwriting Technical Manager and complete post-placement operational services support. The role is very Binder and BDX heavy, and you will be working with Binder cloud, EPI reporting and dealing with backlog and queries. Other duties will include having quarterly meetings with the outsource provider and then being able to confidently report back the findings and reports to the Underwriters. You will be responsible for risk capture, reviewing policies where signed premium exceeds written premium and solving post-placement operational queries including risk capture, Bordereaux and credit control. You will also be responsible for MI reporting, undertaking data quality sampling and help with analysis of London Market Slips. You may also be required to undertake data quality sampling and compile results/reporting for management.
What you’ll need to succeed
The ideal candidate will have a minimum of 2/3 years’ experience working in the Lloyd’s Insurance Market and have a good knowledge of insurance practices and the market. The ideal candidate is a broker, a syndicate or Insurer, and they will have strong operational technical knowledge. This will include the analysis of slips, handling MI data, and dealing with reporting. You will ideally have experience of Bordereau processing in Binder Management Software, can work with data and a strong working knowledge of Lloyd’s market processes and procedures. You will have good attention to detail with strong numerical skills and with strong knowledge of the Lloyd’s market . Desirable experience of the Eclipse system is preferred,
What you’ll get in return
You will receive a competitive salary of up to 45K + benefits and enjoy working for a growing Lloyd’s syndicate that offer hybrid work and competitive benefits. You’ll receive support from directors and managers and be given the opportunity to take on further duties in the future. You’ll enjoy working closely with an innovative team, who are growing and friendly with a unique vision to grow and develop new and existing client needs.
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.