Binding Authority Management Technician
Location: City Of London, England, United Kingdom
An international insurance company is seeking to hire two Binding Authority Management Technicians to join their Operations team. This role plays a key part in ensuring the smooth and accurate management of binding authority data, including bordereaux processing, data mapping and compliance oversight. You’ll work closely with our Binding Authority Services Manager and outsourced service providers to ensure service level agreements (SLAs) are met and data flows efficiently into our internal systems.
Key Responsibilities
* Support the timely onboarding and setup of in-scope binders with external service providers.
* Monitor and review mapping quality control checks for all binders.
* Facilitate the timely receipt and upload of bordereaux, resolving queries and escalating issues as needed.
* Conduct monthly compliance checks and escalate potential breaches to underwriters and the Delegated Underwriting Authority (DUA) team.
* Oversee data transfers from service providers to internal data warehouses.
* Assist in integrating new systems and processes into the existing bordereaux management framework.
* Support the use of the DDM Tide system for binder integration and bordereaux uploads.
* Help transition and manage additional bordereaux-based business into the DDM system.
* Ensure validation and breach management processes are maintained.
* Reconcile and upload claims bordereaux in collaboration with service providers.
* Support risk control adherence and ensure compliance attestations are completed.
Additional Responsibilities
* Contribute to the development of measurable processes to monitor outsourced provider performance.
* Assist in redesigning executive reports to meet underwriting and DUA management needs.
* Demonstrate compliance with all regulatory and internal requirements, including Conduct Risk, Solvency II, Financial Crime, Data Protection, and more.
Skills and Experience
* Insurance experience preferred, ideally within the Lloyd’s Market, though school leavers or graduates will also be considered.
* Strong communication skills and the ability to work with stakeholders at all levels.
* Team‑oriented with a collaborative mindset.
* Familiarity with data systems and proficiency in Excel.
* Strong time‑management and analytical skills.
* A desire to grow professionally, including pursuing qualifications such as Cert CII.
The Benefits
* Salary up to £50,000
* Pension (5% from you with a 10% company contribution)
* Plus an extensive range of flexible benefits
Why Join Us?
As a leading international insurance company, we are committed to creating a vibrant, inclusive, and supportive workplace. We value collaboration, innovation, and integrity, and we invest in our people through career development, flexible working, and a strong focus on diversity, equity, and inclusion.
Seniority Level: Mid‑Senior level | Employment Type: Full‑time | Job Function: Accounting/Auditing | Industries: Staffing and Recruiting.
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