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SalaryJob Title: Insurance Technician
Salary: £40,000 - £50,000 per annum
Location: London
Key responsibilities:
- Prepare new / renewal Binding Authorities, endorsements and all the relevant documents
- Broking presentations for new and renewal business (includes liaising with clients in order to obtain the relevant information if needed) and slip endorsements
- Slips (including existing, new business, renewals and policy adjustments), proposal forms and full policy schedules, wordings and endorsements
- Prepare triangulations on a monthly basis
- Process risks and premium bordereau
- Process claims bordereau and claims collection in a timely fashion
- Review and provide claims history, loss information, major claims analysis and figures to other divisions, underwriters and clients
- Back-up for compliance and regulatory issues
- Deal with accounts procedures (credit control, cash allocations, accounts reconciliation, analysis of results)
- Liaise with Velonetic regarding payment of premium to market and bureau and assist them with any queries, in addition deal with premium signing queries from the bureau or underwriters
- Ensure compliance with industry regulations, company policies, and ethical practices, while handling insurance premium and claims money
Experience:
- Strong Binding Authority experience
- Proven knowledge of insurance principles and practices with a particular focus on Lloyd's, London and International insurance markets
- Solid understanding of industry regulations and compliance requirements (CASS rules and legal principles governing insurance)
- Knowledge of main classes of business (PI, PO, PA, D&O, General Liability, Legal Expenses) in which IPR is specialised
- Proficiency in insurance funds processing and policy issuance
- Proficiency in using insurance management software and other relevant technology
- Fluent in English
- Italian as a plus
Compensation package & Benefits:
- 4-day week on full salary
- Competitive salary, reviewed annually
- Annual performance bonus
- Private health insurance
- Life insurance
- Private pension
If you have the relevant experience or know someone that does, please contact us now on or email us at
