Binding Authority Executive
Binding Authority ExecutiveLocation: London (Hybrid)Package: £Negotiable + BenefitsWe''re delighted to be expanding our team within the London Market with the addition of a Binding Authority Executive to support our growing and friendly team.You''ll be responsible for the production of both In-House and Third Party Binding Authorities working with a number of stakeholders both in the UK and US.Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.Core responsibilities:Slip issuance in line with FCA and Lloyd''s regulatory bodiesAbility to draft from scratch Binding Authorities. Mainly US but will also need the ability and knowledge to draft for other territoriesHave an understanding of the following Classes of Business Property, Construction, APD/MTC, Professional Liability, Financial Institutions and HealthcareManage renewals of existing Binding Authorities along with Endorsements to in-force AgreementsHave an understanding of Binding Authority BOR''s/TOBA''s and work with the incumbent broker and compliance to transfer all necessary documents for a seamless transition.Utilize in-house and Lloyd''s systems, including Arena, Atlas, Crystal, DCOM and RiskServeProvide and gather information to and from Underwriters, Brokers, Technical staff and Business producers as requiredMaintenance of the more complex records within the technical departmentProcess data and generate reports regarding results
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