Binding Authority Account Manager
Job Description
Job title: Binding Authority Account Manager
Company: IDEX Consulting
Job description: Access real-time salary data on over 600 roles across 40 different specialisms across the General Insurance, Financial Services and Legal professions.
Our 2023 Salary & Benefits Guide is here!
Providing the best market insight, key advice on changing economic conditions, and the latest salaries in the General Insurance, Financial Services, and Legal sectors.
Access insights now!
Our 2023 Salary & Benefits Guide is here!
Providing the best market insight, key advice on changing economic conditions, and the latest salaries in the General Insurance, Financial Services, and Legal sectors.
Access insights now!
Our 2023 Salary & Benefits Guide is here!
Providing the best market insight, key advice on changing economic conditions, and the latest salaries in the General Insurance, Financial Services, and Legal sectors.
Access insights now!
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Binding Authority Account Manager
Job details Posted 30 January 2024 Salary£40000.00 – £75000.00 per annum LocationLondon Job type Discipline Expiry 09 May 2024 Reference41018_1706613101
Consultant
Business Director – Insurance
Binding Authority Account Manager
Job description
As a Binding Authority Account Manager you will be responsible for the day to day handling of nominated Delegated Underwriting Authority contracts working closely with a team of business producers to pro actively ensure they provide the best service to Coverholders and their Underwriters, some of the key responsibilities of this role are;
- Accurate preparation of DUA Documentation (i.e. Binding Authority Slips, Endorsements etc.)
- Collaborating closely with our supporting Premium and Claims advocate Team to ensure all premiums and claims are paid on time and organising chasing where appropriate
- Preparation of Statistics, including pivoting data and generating up to date reports
- Providing advice to colleagues on scope of coverage available and assisting Clients and Underwriters with interpretation of clauses
- Collecting and analysing relevant information and assisting in preparation market submissions and presentations for new business or renewals
- Using Lloyd’s systems such as DCOM, PPL, Atlas & Crystal as well as in-house systems (training will be provided for in-house systems)
This role would provide an exciting progressive opportunity for the right candidate to increase their exposure to third party DUA business from various parts of the world. You will be supporting a Team of business producers and will learn more of the intricacies of maintaining and growing a book of DUA business covering many varied original insurance products.
About you
Your knowledge and expertise:
- Understanding of the insurance market dynamics and core processes
- Technical Delegated Underwriting Authority/Binding Authority insurance knowledge; ability to build insurance documentation including slip preparation, use insurance industry IT systems to deliver client service
- Problem-solving skills; Interpersonal skills; Good level of numeracy; Effective communication and presentation skills; understanding of compliance and FCA regulation
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Our Diversity, Equity and Inclusion Mission
At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.
Expected salary: £75000 per year
Location: London
