United Kingdom London London
Hybrid
UK
Lockton - Experienced Professional
Binder Technician
Lockton Re helps businesses understand mitigate and capitalize on risk. Were pushing the reinsurance industry forward with smarter solutions that leverage new technologies delivered by people empowered to do whats right for clients. Our success has seen the business grow to a headcount of more than 500 associates across 23 locations globally.
Were Locktons reinsurance business part of the worlds largest privately-held insurance broker. Fierce independence frees us to deliver an exceptional client service experience unencumbered by pressure from financial markets geographical divides or silos or conflicts of interest between organisational goals and our clients needs.
As part of our continued expansion Lockton Re is investing in the growth of its newly formed Portfolio Solutions team. This team plays a key role in supporting the delivery and servicing of binder-led solutions and we are seeking a Binder Technician to join our Client Services division.
This is an opportunity to join a collaborative high-performing team where your technical expertise in binding authorities will be valued and where you can directly contribute to the growth of a specialist and evolving area of the business.
Role Responsibilities:
This is a varied Client Services role in a multi-disciplined technical processing tea supporting the Portfolio Solutions team with binder and delegated authority business. Some of the key tasks and responsibilities include but will not be limited to the following:
Processing & Claims
Reviewing both new and existing binders
FDO (For Declaration Only) presentation
Premium & Claims bordereaux processing to bureau and non bureau
Binding Authority Claims handling
Proactively resolve coverage and accounting-related queries ensuring there are no delays in current or future transactions
Maintain timely accounting to client and underwriters
Experience covering various lines of business
Converse with client and underwriters on a technical level
Candidates need to be able to work independently managing priorities and supporting team colleagues to ensure customer satisfaction
Excellent technical knowledge of the Lloyds and or Company Reinsurance market
Demonstrates a solid understanding of query handling with Velonetic including investigation and resolution.
Actively builds relationships with team internal and external clients
Identify clients individual requirements and work alongside them to achieve the best possible outcomes
Participate in client and reinsurer meetings as required
Broker Support
Debroke
Risk sign down
Prepare and maintain account statistics
Provide support in the overall servicing of the clients account and retention of business
Use Electronic methods throughout full process
Candidate Profile
Successful applicants will ideally have prior relevant experience in binding authorities and be able to evidence experience in the following role requirements:
Demonstrate ability to instil confidence with clients so that the client looks to you and to Lockton Re as more than just a reinsurance broker but as a partner in business.
Ability to compile analyse and interpret financial information and data to facilitate decision making.
Ability to manage time prioritise and ensure that deadlines are met without compromising quality.
Professional and tactful negotiation and persuasion skills to achieve objectives.
Proven problem-solving skills including the ability to resolve unusual and complex issues and then devise actionable solutions.
Full Time Permanent
Required Experience:
IC
Binder Technician • London, England, UK
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