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About the role
Our Insurance Binding Authority Technician will support our Underwriting team, along with both our Specialty and SME broking teams by managing all tasks related to our binding authority agreements.
This role ensures compliance with delegated underwriting standards and supports efficient processing of policies, endorsements, and bordereaux reports.
The ideal candidate will have a strong understanding of Lloyd’s and company market procedures, exceptional attention to detail, and experience working in a binding authority environment.
What you'll get up to:
- Set up, maintain, and update binding authority agreements and related documentation.
- Liaise with cover-holders, brokers, underwriters, and insurers to ensure timely and accurate processing of contracts and bordereaux.
- Monitor premium, claims, and risk bordereaux submissions, ensuring data integrity and accuracy.
- Assist in the review and renewal of binding authorities in accordance with internal and market standards (e.g., Lloyd’s, FCA).
- Ensure all binding authority agreements comply with FCA, Lloyd’s, and other regulatory requirements.
- Conduct regular due diligence and onboarding checks on coverholders and TPAs.
- Track regulatory changes and update internal policies and procedures accordingly.
- Assist in preparing for and responding to regulatory inspections and inquiries.
- Coordinate internal and external audits of binding authority arrangements.
- Maintain detailed records and audit trails of all binding authority documentation and changes.
- Implement corrective actions and recommendations resulting from audit findings.
- Ensure timely completion of cover-holder audits, due diligence reviews, and file reviews.
- Support the implementation and oversight of binding authority governance frameworks.
About you:
- A minimum of 3+ years experience in a delegated authority/binding authority or insurance underwriting support capacity.
- Working knowledge of bordereaux management and insurance regulatory requirements.
- Proficiency in insurance systems (e.g LIMOSS, Atlas, DCOM, ECF or equivalent).
- Strong organisational and time management skills.
- Excellent communication skills, both written and verbal.
- Familiarity with Lloyd’s and London Market practices.
- Cert CII qualification or working toward certification.
In return, we offer you:
- A competitive salary and the ability to grow your career
- 25 days holiday - so there’s plenty of time for work, rest and play
- Hybrid way of working for the perfect work / life balance
- Vitality private health and dental insurance
- Added benefits including competitive pension and salary sacrifice
- Access to financial wellbeing platform Mintago
- Full access to Spill, our mental health platform
- Cycle to work scheme
- Fun and modern office environment with regular team social events
- City of London location
