Nashrock Insurance Recruitment
Binding Authority Technician
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Binding Authority Technician
An excellent opportunity has arisen to join a well-established and highly regarded Lloyd’s Broker as a Binding Authority Technician. Working within a specialist Delegated Authority team, the successful candidate will provide technical support to Brokers and Account Executives, ensuring the efficient administration and processing of Binding Authority business across a diverse portfolio of International Non-Marine Risks.
This role offers exposure to a broad range of delegated authority arrangements and would suit an individual with current London Market experience who is looking to further develop their technical expertise within a dynamic and client-focused broking environment.
Key Responsibilities
Provide technical and administrative support to Brokers in the placement and ongoing management of Binding Authority business. Premium processing, claims processing, contract administration, and market filing activities Ensure all contract documentation is accurate, complete, and compliant with Lloyd’s and company market requirements. Dealing with Xchanging/Velonetic enquiries in a timely and professional manner Liaise with Underwriters, Coverholders, Brokers, and clients to obtain and verify information required for contract processing. Manage the submission and maintenance of Binding Authority records via Lloyd’s delegated authority systems and other market platforms. Monitor contract inception, renewal, and expiry dates, ensuring all documentation is processed within agreed service standards. Assist with the collection, review, and management of bordereaux submissions, escalating outstanding items where necessary. Maintain accurate records and documentation within internal systems and electronic filing structures. Assist with internal audits, compliance reviews, and regulatory reporting requirements. Build and maintain strong working relationships with Lloyd’s syndicates, company market underwriters, Coverholders, and other market stakeholders. Provide technical support to the wider Delegated Authority and Broking teams as required.
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Role Requirements Experience in working in a Technical Binding Authority / Delegated Authority position for a Lloyd's Broker. Working knowledge of Lloyd’s market procedures and delegated authority processes. Experienced in premium and/or claims processing Knowledge of DCOM, Atlas or Xchanging/Velonetic advantageous Strong attention to detail with a commitment to accuracy and quality. Excellent organisational and time-management skills. Ability to manage multiple tasks and deadlines within a fast-paced environment. Strong communication and relationship-building skills. Proficiency in Microsoft Office applications, particularly Excel and Word.
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