Average Insurance Technician salary in London

Our Client is continuing to grow, both organically and by acquisition, and have two more opportunities for Insurance Technicians to join their friendly and busy team. Your London Market Insurance experience will enable you to contribute to their continued success and also their high standards of service they provide to their Clients - and the Market! These opportunities are for an Insurance Technician who will work with the Manager of their Technical Services to provide a high-quality support service to clients, markets, and third-party organisations to ensure that all Lloyds Market business handled effectively. These opportunities will enable you to widen your exposure to all classes of Insurance business, with great support to enable you to pick up anything new, also to deal with a wide range of world wide clients as well as giving you the ability to keep progressing your career. This is a role that you will be able to perform Working From Home, just visiting their London office once a week to keep in touch with the team and other colleagues. The main responsibilities of the Insurance Technician role includes: Review slips, endorsements, bordereaux, closings, ensuring the data is accurateAccurately create LPANS, ensuring the calculations are correct and uploading to XchangingDealing with Xchanging queries and resolving any issues that ariseCollaborating closely with internal and external clientsWillingness to learn about Claims and keen to learn any other systems required and to manage the needs of customers and Insurers To be a successful Insurance Technician you will demonstrate: Lloyds Market Insurance knowledge, including IMR, CLASS, PPL, ECF would be idealStrong written and business communication skills and ExcelAbility to produce accurate work and meet targets to time, cost and specification

Our client who is a Lloyds Broker is looking for a Senior Insurance Technician to join their expanding team in London. The purpose of the role is to assist with the Technician documentation as well as providing support and development to the ore junior team members. Main Duties: Produce and process Binding Authorities and Open Market Slips.Produce MRC Slips/Endorsements, Cover Notes, Policy Schedules, Debit Notes Monthly Bordereaux and Line slip declarations.Daily use of Xchanging (DXC) and other London market systemsProcessing of documentation and premiums and dealing with any resulting queries.Liaise with the claims team on claims issues & reportsSetting up of Binding Authorities Liaise with the accounts teams on premium settlements and credit control Work with the brokers to ensure that a timely and professional service is provided to clients and markets alike. Support other technicians internally for guidance on Xchanging matters. Essential Skills Required: Previous experience within a similar Insurance Technical roleExcellent knowledge of Lloyds/ London market Insurance proceduresExperience handling Non-marine risks Detailed knowledge of Binding Authority agreements - processes and proceduresUse of DDM, DCOM or Xchanging Experience with Bordereaux processing Desirable: Good organisation skillsAbility to meet tight deadlinesExcellent communication skills Knowledge/ experience of ECF What you need to know: Permanent roleBased in London - HYBRID (1-2 days a week in London)Salary between £50,000 - £60,000A great opportunity to join a growing organisation with lots of training and development opportunities.A very inclusive and fair opportunities employer REF: 9350 Interested? Please apply today and we will contact you by return. MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector. MW Appointments is acting as an Employment Agency in relation to this vacancy.

Insurance Technician City of London £40,000 - £60,000 We are seeking an experienced individual to join a fast growing Team within the Technical Operations Division.This opportunity will allow the successful candidate to work with team members based in the UK front office and offshore in India, supporting the processing and the resolution of queries related to the end to end processing of a premium. Duties include: Types and classes of business that will be worked on as part of this role: Types of Business - Binders, line slips, Retrocession, Excess of Loss, Consortiums , Direct insurance, Facultative, Variable multi line packages Classes of business - Marine, Energy, Motor, Facultative, Cyber, Property, Cancellation, Aviation, Space, Liability, Construction, Contingency, Film Productions, Terrorism, Agriculture, Funds at Lloyds, Political Risk, Entertainment, Kidnap & Ransom, Accident and Health, Mortgage Indemnity Experienced in the end to end activity of invoice processingStrong understanding and experience in structure and format of slips and cover notes. Good understanding of Market Reform Contract (MRC) Ability to demonstrate an excellent level of technical reinsurance knowledge and understanding of the Industry and its regulators Strong understanding and experience working with the Bureau (Xchanging as was now DXC) in the workings of accounting and settlement (A&S) protocols and activity as they relate to the function of premium process and signings Demonstrates a working understanding of resources available in relation to tax and vat requirements as it relates to premium processing activity Working understanding of the financial aspects of the end to end premium process The role includes working with our Accounting and Credit Control Team, with accountability to support the reconciliation and collection of premium and keep funding and bad debt to a minimum Regular liaison with company Compliance and Regulatory Team to support the setting up of trading partners as well as ensuring we meet the required sanction and licensing rules are key part of the role Candidates requirement: Strong understanding of technical support in the Lloyds/Company market.Experience creating and processing MRC slips Familiarity with Xchanging functionsVerbal and written communication skills Attention to detail and accuracy Demonstrates high degree of problem solving Work under some pressure at peak periods maintaining order control and quality out puts Ability to be able to manage own priorities and know when to escalate non routine issues Demonstrates positive and tenacious attitude and can do behaviour with strong accountability Ref 8732 MW Appointments is acting as an Employment Agency in relation to this vacancy.