Insurance Technician

Job 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 0203 411 8430 or email us at admin@lawesgroup.co.uk