Binding Authority Technician (m/f/d)

Location
London , United Kingdom

Introduction

Bell & Clements is a specialist insurance company offering expertise in underwriting, broking and capacity management provisions for Excess and Surplus (E&S) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd’s, US and international markets. Bell & Clements has been part of the Munich Re Group since 2007 and is a registered Lloyd’s broker. There are over 150 staff based across the London headquarters and two U.S offices in Virginia and New Jersey with close collaboration throughout.

Bell & Clements offers industry leading technology solutions that benefit both customers and inhouse processes. As part of the Munich Re Group enables a strong diverse culture that is ambitious with an established employee benefits program.

Why join us?

We are a responsible employer, a value-adding partner, and an innovative name in the insurance market. Building on a proven industry background over 35 years, we have developed and grown a unique and market-leading brand. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world. Our business is continuing to grow, and a key commitment is to not only expand the team through recruiting new roles but also through development opportunities to ensure we are always supporting our talented experts in their career journey. Our talent pool makes us who we are, and our inclusive culture means we are looking to continue to build with broad expertise, diverse backgrounds, and ambitious employees. As part of Bell & Clements provides access to multiple health and wellbeing benefits, work and life balance initiatives (including hybrid working),financial wellbeing packages as well as training, development and career opportunities.

Based in London, the Technical Department currently has a team of 18 employees. Within the Technical Department, the Binding Authority team currently consists of 5 employees.

Your job

Overview

We are looking to recruit an experienced Binding Authority Technician who would be reporting to the Binding Authority Technical Management team, the purpose of this role will primarily be to contribute towards the smooth running of the Binding Authority team within the Technical Department, providing support to the Broking and Managed Underwriting departments, with particular attention being made towards the points detailed below.

• Maintenance/back-up of the Binding Authority diary.
• Assist with production of Confirmations of Cover, Endorsements and other general correspondence.
• Submission of Binding Authority Agreements/Endorsements to Delegated Contract Manager (DCOM).
• Submission of Binding Authority Agreements/Endorsements/Premium Bordereaux to Xchanging (DXC) and dealing with any resulting queries.
• General office administration.
• Contract Creation/Submission of Premium Bordereaux to the DDM System.
• To learn and assist where necessary in all areas of the binding authority team.
• To abide by the policies and procedures of Bell & Clements Limited.

Your profile

• Experience working for a Lloyd’s Broker.
• Knowledge of US business would be an advantage.
• Detailed knowledge of latest Binding Authority Agreement processes and procedures.
• Experience of working in a technical binder processing role essential.
• Experience in premium bordereaux processing.
• Excellent communication skills both written/verbally, as well as being well organised and able to work with your own initiative and as a team.
• Flexibility and ability to meet deadlines.
• MS Office Intermediate level essential.
• Good working knowledge of DXC, DCOM, DDM.
• Strong understanding and experience in Premium Bordereaux processing.

About us

Benefits

• This position is offered on a permanent basis
• Annual salary will be dependent on the skills and experience of the successful candidate.
• Annual leave - 25 days per year (not including bank holidays), increases with length of service
• Health & Wellbeing – our offering includes private medical insurance for employees, their partners and their families, a Digital GP service and an allowance of up to £550 per year for any activities and/or equipment which supports health and wellbeing.
• Hybrid and remote working – to support your work balance we have introduced hybrid working. You will be provided with designated office desk space , with support to work from home up to a maximum of three days per week
• Flexible working hours – the opportunity to flex your working hours.
• Professional Qualification Support – (discretionary) financial support covering the cost of professional qualifications, including institute membership, exams, study materials and completion bonuses.
• Team fun – warm and social culture with regular get togethers

Bell and Clements is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, transgender status, religion or belief, marital status, or parental status.