NEW ROLE: Operations Associate - Binding Authority
City of London
Lloyd's Broker - Hybrid

Purpose of the Role

This position is for a Binding Authority Operations Associate within a fast-growing Binders team. As part of the Binding Authority Operations function, the role is responsible for delivering comprehensive servicing support across allocated client accounts. Key areas of responsibility include contract preparation, coverholder compliance and support, and the accurate processing of bordereaux.

Primary Responsibilities

• Drafting new and renewal Binding Authority Agreements, as well as issuing mid-term endorsements.

• Maintaining and updating records within ATLAS and DCOM.

• Communicating with clients regarding contractual documentation, reporting requirements, and premium settlements.

• Providing underwriters with regular bordereaux submissions and premium updates.

• Updating and maintaining internal broking system records.

• Managing and maintaining monitoring spreadsheets to support oversight and reporting.

• Processing contracts and premium bordereaux through internal systems and IMR.

• Supporting team members across all operational activities as required.

• Undertaking additional duties in line with the needs of the business.

Ideal Experience

• Preparing Binding Authority contracts across a range of specialty classes of business.

• Working with ATLAS and DCOM.

• Experience using PPL.

• Reviewing and processing premium bordereaux.

• Using IMR and liaising with Xchanging.

• Communicating effectively with underwriters and clients.

• Reviewing and managing risk reports.