Open Market 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 Open Market Technician position for an Insurance firm, based in Fenchurch Street.

Role Function

Responsibility for the efficient management of all allocated Open Market Technical work including Lineslips; consistent with CIBL service levels, including the performance of internal Technical due diligence checks and procedures.
Ensure that all communications, including e-mails, Technical documentation, Broker Insurance Documentation (BIDS) and any other form of communication are accurate at all times and created or issued in accordance with internal and FCA requirements.
Ensure that client's needs are met by exercising excellent skills and knowledge in the handling of all Open Market Technical aspects.
Ensure that Underwriters needs are met by exercising excellent skills and knowledge in the handling of all Open Market Premiums and Lineslip Premium bordereau submissions to Xchanging via the IMR.
To liaise with Placing Brokers as and when required to satisfy all Technical due diligence duties and requirements.
Ensure that all files/electronic files and insurance placements are recorded correctly onto internal systems.
Ensure that effective Credit Control Procedures are adhered to and maintained in accordance with Technical procedures including the allocation of monies to clients and Underwriters as required.
Comply with the requirements of the CIBL company policies and procedures.
Carrying out any duties assigned in a responsible, positive and helpful manner, thereby demonstrating a courteous attitude to all work colleagues and customers.
Carry out any other reasonable duties as and when requested by your manager.Required Knowledge/Experience

Minimum Ten years London Market experience. 'A' level or equivalent standard of education.

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

Key insurance products including current market conditions;
FCA rules relating to commercial customers;
General Insurance and underlying 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 externallyIT Skills

All MS Windows applications including Global XB and Xchanging IMR to a high standard.

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