Binding Authority Technician

Basic Overview
Salary: £30000 – £50000/annum
Job Type: Full Time / Permanent
Minimum Salary: 30000.00
Maximum Salary: 50000.00
Job Location: City of London, London

I am currently recruiting for a Binding Authority Technician position for an Insurance firm, based in Fenchurch Street.

Role Function

Responsibility for the efficient processing of allocated Binding Authority Technical work consistent with CIBL service levels.
To process and manage the Binding Authority Accounts by a process of de-broking accounts and processing Monthly Premium Bordereau as received from Brokers on the "In house" binders and Overseas Coverholders on the Third Party Binders.
To ensure that monthly Premiums and Bordereau are submitted and signed to Xchanging within the settlement terms of the individual binders.
To ensure that all communications, including Technical documentation is accurate and recorded in accordance with internal and FCA requirements.
Ensure that files, placements and insurance documentation are recorded correctly and accurately onto internal systems including the allocation of monies as and when received.
Ensure that client's needs are met by exercising due diligence in the handling of all Binding Authority Technical aspects.
To comply with the requirements of the company's policies and procedures.
To carry out any duties assigned in a responsible, positive and helpful manner, thereby demonstrating a courteous attitude to all work colleagues and customers.
To carry out any other reasonable duties as and when requested by your manager.Required Knowledge/Experience

Graduate calibre or ,five years London Market experience.

Relevant level of technical knowledge and understanding appropriate to position namely:

Key insurance products including current market conditions;
FCA rules relating to commercial customers;
General Insurance and general legal principles;
Company specific procedures applicable to classe(s) of insurance heading above.
Willingness to continue to develop knowledge of Technical practices through formal and informal learning, both internally and externally.IT Skills

All MS Windows applications including IBS and Xchanging IMR to a good standard.

If you are interested in this position and feel you would be a great fit, please apply TODAY