Introduction
Bell & Clements (B&C) is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. We are also a registered Lloyd’s Broker. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world.
We are specialists in offering expertise in underwriting, broking and capacity management for US Excess and Surplus (E&S) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd’s, London Market companies, and Munich Re owned capacity in Germany and the US.
Why join us?
We are a responsible employer, with a reputation for innovation and adding value in the insurance distribution chain. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products, risk appetite and career development opportunities of one of the largest and most successful insurance groups in the world. As our business continues to grow, we are committed to expanding our team and provide development opportunities to ensure we are always supporting our people in their career journey. Our talent pool makes us who we are, and our inclusive culture means we are looking to continue to build our team with broad expertise, diverse backgrounds, and ambitious employees. Being part of Bell & Clements provides access to multiple health and wellbeing benefits, work-life balance initiatives (including hybrid working), financial wellbeing packages as well as training, development and career opportunities.
The Role - Binding Authority Technician
The purpose of this role will primarily be to contribute towards the smooth running of the Managed Underwriting Support team within the Technical Department, providing support to the Broking and Managed Underwriting departments, with particular attention being made towards the points detailed below.
General Duties and Responsibilities
- Maintenance/back-up of the Technical Binding Authority diary.
- Creating New Great Lakes Insurance SE (GLISE) Agreements using the required systems.
- Assist with production of GLISE New and Renewal Agreements, Endorsements and other associated general correspondence.
- Assist with GLISE bordereaux production and processing of premium.
- Setting up the Policies and Facilities in Global for the GLISE New and Renewals Agreements.
- General office administration.
- To learn and assist where necessary in all areas of the Technical Binding Authority team.
- Assist in production of the annual Profit Commission process.
- Assist with production of Confirmations of Cover, Endorsements and other general correspondence.
- Submission of Binding Authority Agreements/Endorsements/Premium Bordereaux to Velonetic.
- To embrace and actively implement the core principles of Continuous Conversations (Commitments, Feedback and Development) as part of daily activities and with other colleagues.
- Take ownership of and make personal and professional development a priority as part of Continuous Conversations.
- In line with Continuous Conversations, establish and achieve development aspirations and needs through the setting of commitments and giving and receiving frequent, constructive feedback (referring to resources provided for support).
- To abide by the policies and procedures of Bell & Clements Ltd.
Key Skills and Experience
- Professional experience working for a Lloyd’s Broker.
- Experience of working in a technical binder processing role is essential.
- Experience in premium bordereaux processing.
- Good standard of literacy, accuracy and attention to detail.
- Good interpersonal and communication skills.
- Flexibility and ability to meet deadlines.
- MS Office skills essential (MS Outlook, Word & Excel).
- Knowledge of US business would be an advantage.
- Knowledge of insurance/broking systems desirable (DCOM, DDM would be an advantage).
- General office experience or specific exposure to the insurance industry would be an advantage.
Benefits
- This position is offered on a Permanent basis.
- Annual salary will be dependent on the skills and experience of the successful candidate.
- Annual leave - 25 days per year (plus bank holidays), increases with length of service.
- Health & Wellbeing – our offering includes private medical insurance for employees, their partners and their families, a Digital GP service and an annual allowance (currently £550) any activities which supports health and wellbeing.
- Hybrid and remote working – to support your work balance we have introduced hybrid working. You will be provided with support to work from home up to a maximum of three days per week.
- Flexible working hours – the opportunity to flex your working hours.
- Professional Qualification Support – (discretionary) financial support covering the cost of professional qualifications, including institute membership, exams, study materials and completion bonuses.
- Generous gender-neutral family leave policy - employees with 26 weeks’ continuous service at the Expected Week of Childbirth are eligible to receive 26 weeks full pay.
- Team fun – warm and social culture with regular get togethers.
Equal Opportunities
Bell and Clements are an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, transgender status, religion or belief, marital status, or parental status.
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
