Binding Authority Executive

Brown & Brown • Full-time • 52 Lime Street, The Scalpel - 18th Floor, London, England, EC3M 7AF • 2w ago

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.

Binding Authority Executive
Location: London (Hybrid)
Package: £Negotiable + Benefits

We’re delighted to be expanding our team within the London Market with the addition of a Binding Authority Executive to support our growing and friendly team.

You’ll be responsible for the production of both In-House and Third Party Binding Authorities working with a number of stakeholders both in the UK and US.

Core responsibilities:

Slip issuance in line with FCA and Lloyd’s regulatory bodies
Ability to draft from scratch Binding Authorities. Mainly US but will also need the ability and knowledge to draft for other territories
Have an understanding of the following Classes of Business Property, Construction, APD/MTC, Professional Liability, Financial Institutions and Healthcare
Manage renewals of existing Binding Authorities along with Endorsements to in-force Agreements
Have an understanding of Binding Authority BOR’s/TOBA’s and work with the incumbent broker and compliance to transfer all necessary documents for a seamless transition.
Utilize in-house and Lloyd’s systems, including Arena, Atlas, Crystal, DCOM and RiskServe
Provide and gather information to and from Underwriters, Brokers, Technical staff and Business producers as required
Maintenance of the more complex records within the technical department
Process data and generate reports regarding results, earnings or conditions
Performs other duties as required

About you:

You’ll already be comfortable drafting Binding Authorities from scratch and have exposure to US Property as an minimum, ideally you’ll also have some exposure to Transportation and wider risks.
You should be comfortable in dealing with colleagues in different time zones and be able to prioritise tasks efficiently.
A well developed skill set that includes strong communication (written, verbal, video), negotiation, influencing, stakeholder management and IT skills.
Comfortable in utilising in house and Lloyds based systems including DCOM.

What’s on offer:

A negotiable starting salary and all the normal benefits – 25 days holiday + Bank Holidays, Pension, Death in Service, Dental cover, PMI, Income Protection and a range of flex benefits post probation.
An exceptionally focused and motivated team environment that’s built on delivering results.
Access to the annual Brown & Brown, Inc. Share save scheme (up to 15% discount on BRO shares)
Full support for ongoing professional development (including funded qualifications).

We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.

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