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Senior Binder Technician
The Recruiter Specialists Group Ltd
Chelmsford
Hybrid
GBP 40,000 - 80,000
Full time
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Job summary
An award-winning insurer is on the lookout for a Senior Binder Technician to join their dynamic team. This role involves providing essential guidance on Delegated Authority business, managing internal and third-party binding authorities, and ensuring compliance with industry standards. You will be instrumental in preparing contracts, conducting performance reporting, and handling Profit Commission calculations. With hybrid working options and a competitive salary plus bonuses, this is a fantastic opportunity for a knowledgeable professional eager to make an impact in the insurance sector. If you have the relevant experience and are ready for a new challenge, we want to hear from you!
Benefits
Qualifications
- Experience as a Senior Binder Technician or Binder Manager handling International Binders.
- Technical knowledge of general insurance business.
Responsibilities
- Prepare new and renewal contracts for delegated authority business.
- Provide reporting and ensure binding authority limits are adhered to.
- Deal with Profit Commission calculations and collections.
Skills
Job description
We are seeking to recruit a Senior Binder Technician for this Award-Winning Insurer.
Providing guidance and support to teams in relation to Delegated Authority business and assisting in the management of all Internal and Third-Party binding authorities including the monitoring of declarations and Bordereaux.
Duties will include:
- Preparing new and renewal contracts for all delegated authority business.
- Preparing renewal presentations and statistics for all binding authorities and/or line slips.
- Providing reporting, addressing DA performance, and ensuring binding authority limits and guidelines are adhered to.
- Dealing with Profit Commission calculations and collections on binders.
- Providing statistics on contracts, territories, and lineslip.
- Providing management information on agents on a quarterly basis.
You will have experience working as a Senior Binder Technician or Binder Manager handling International Binders, keeping up to date on industry and product knowledge.
This position offers hybrid working, an extensive benefits package, and highly competitive salary + bonuses to attract the right individual.
Technical knowledge of general insurance business and be confident in FCA and Lloyd's Market requirements.
If you feel you have the relevant experience, then please submit your CV for the hiring Manager's review.
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