|Job Title:||Binder Technician|
|Contact Name:||Jamie France|
|Job Published:||April 05, 2017 09:46|
To undertake the production of bordereaux and maintenance of all binding authorities and lineslips for the London Market and those placed via the London Market.
Principle Objectives and Responsibilities
Binder Agreements, Wording production and signings via Xchanging
Binder Slip and Endorsement production and signings via Xchanging
Ensure all compliance procedures relating to the production of Binders/Lineslips are followed
Bordereaux Production and signings via Xchanging
FDO & LPAN production and signings
Maintaining compliance with Lloyds/Lirma legislation regarding Binding Authority Contracts and Bureaux signing procedures
Produce and maintenance of statistical information on each facility
Provide full service delivery to all Agents ensuring that service standards are at the highest level
Provide information to designated carriers/markets including resolution of queries
Use of ATLAS – online market system to manage Lloyds coverholders
Use of BAR – Binding Authority Registration online market system for the registration of Lloyd's binding authorities
Arranging covers with Insurers
Credit Control – Terms of trade and premium payment warranties complied with and payments received
Day to day agent / producing broker contact and administration
Dealing with broker/client correspondence by fax/phone email and letter
Diary system maintenance
File management and maintenance
Liaison and understanding of client and Underwriters needs
Liaison with Accounts Department, Placement Team, Service Team and Claims Department
Manage and build relationships with Agents and Insurers, promoting a favourable image of the company
Assist with negotiations with Insurers and agents/producing brokers
Service standards complied with
Slip and Endorsement production
Full and adequate knowledge of Property, Consequential Loss and Liability Insurances and any other type of business where and as appropriate.
Full working knowledge of Binders and Signing and Accounting Procedures relating to Lloyds and Lirma.
Knowledge of all company specific procedures
Knowledge of Commercial Insurance, including current market conditions with reference to appropriate experts when cover falls outside own expertise
Knowledge of general insurance and underlying legal principles
Thorough understanding of FCA Regulations and guidelines relating to commercial customers
Willingness to continue to develop knowledge of products and related issues through formal and informal learning, both internally and externally to the firm
Excellent in-depth knowledge of all products and policies involved in own area of work.
Working knowledge of other products and policies.