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Binding Authority Account Manager

IDEX Consulting Ltd
Posted 10 hours ago, valid for a month
Location

London, Greater London EC1R 0WX

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • An opportunity exists for a Binding Authority Account Manager at a leading global insurance business.
  • The role involves managing Delegated Underwriting Authority contracts and collaborating with brokers to ensure excellent service for Cover holders and Underwriters.
  • Candidates should have comprehensive experience in drafting DUA contracts and possess in-depth knowledge of London market processes, with a focus on North American territories.
  • The position requires outstanding communication skills for effective meetings with coverholders and brokers, along with a salary range of £50,000 to £70,000.
  • A minimum of 5 years of relevant experience in the insurance industry is required for this role.

An outstanding opportunity to join a lead global insurance business. 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 brokers to pro actively ensure you provide the best service to Cover holders and their Underwriters.

  • Accurate preparation of DUA Documentation (i.e. Binding Authority Slips, Endorsements etc.)
  • Liaising 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 & 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

Skills and Experience Required

  • Comprehensive experience of drafting DUA contracts
  • In depth knowledge of London market processes and procedures
  • Knowledge of global insurance products with a bias towards North American territories
  • Outstanding communications skills allowing for successful coverholder and broker meetings

Please get in touch for a confidential discussions.

Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy.

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.

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.