Binding Authority Technician

Harrow, England, United Kingdom

10/24/2023

Miller Insurance has a new vacancy as a Binding Authority Technician. The purpose of this role is to provide prompt, accurate and effective technical administration (and processing) support directly to clients and business unit.

The Role

• Keep track of impending renewals and provide renewal information to Account Executives in good time to enable terms to be obtained and firm orders placed
• Liaise with Account Executives to ensure all relevant information is gathered in the preparation of market documentation and that it matches the client/market requirements
• Liaise with Account Executives to achieve agreement from markets where required and maintaining diary/pending system to monitor progress
• Accurate and timely production of client documentation
• Maintain accurate and concise placing files, using the corporate document management system
• Liaise with compliance and credit control to ensure all procedures are followed
• Ensure aggregate and GPI limits are correctly maintained within Binder management systems
• Be responsible for maintaining accurate data and records within Binder management system
• Produce exception and trend analysis reporting, profit commission calculation and key performance indicator reports
• Prepare and submit London Market Insurance documentation including submission of LPANs and supporting documents to Xchanging
• Review, monitor and provide resolution to technical questions from clients, markets, credit control, claims and the business unit, to ensure that the client’s best interests are maintained
• Provide updates and progress reports to management as required
• Maintain diary system to ensure that files are appropriately progressed
• Monitor signings received from Xchanging and ensure timely resolution of queries and settlement of premiums and advising the business as required
• Perform quality control checks on all documentation
• Ensure Binding Authority contracts are set up within internal Binder management systems in a timely fashion
• Adhere to and meet fully the expectations of Miller, as set out in its policies and procedures, training material, and embedded in its systems and controls. Our policies and
• procedures are written to encapsulate the compliance, legal and financial crime related legislation and regulations which apply to Miller.
• Comply with any external rules and requirements imposed on individuals performing their role at Miller, such as Lloyd’s byelaws and FCA rules.
• Promote Miller brand and values to enhance Miller’s reputation in the market
  
  

Qualifications

• CII qualifications, or ongoing progress towards these, is desirable
• GCSE grade C or above in English and Maths
• Minimum of 3 A level passes (or equivalent)
  
  

Knowledge

• Strong analytical skills
• Strong knowledge of binders process
  
  

Experience

• Experience working in a technical binder processing role essential
• Experience with the use of Lloyd’s market tools including Atlas, DCOM and Crystal
  
  

Benefits

On top of a competitive salary we offer a fantastic benefits package including:

• 10% pension contribution from Miller. In addition, Miller will match any employee contributions up to 5%.
• Private Medical Insurance
• Medicare cash plan
• Minimum of 25 days annual leave (with flexibility to buy or sell)
• Life Assurance
• Income Protection
• Critical Illness cover
• Enhanced Maternity, Paternity Adoption and Shared Parental Leave
• Miller is committed to providing equal opportunities to all applicants and to creating an inclusive working environment for all.