Binder Technician

Price Forbes; City of London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance firm in London is seeking a Binder Technician to manage technical responsibilities related to coverholders' facilities. The ideal candidate will have at least 5 years of experience in Binding Authority/Lineslip operations and DCOM knowledge. This full-time role offers a hybrid work environment with a range of benefits including pension contributions, medical insurance, and potential for flexible working arrangements.

Benefits

Employer pension contribution of 10%.

Good work-life balance.

Private Medical Insurance.

Generous annual leave entitlement.

Group annual bonus scheme.

Qualifications

• Min 5 years Binding Authority/Lineslip operations experience.
• Knowledge of Binding Authority and Lineslip Agreements, wordings, and endorsements.

Responsibilities

• Handling all technical responsibilities for Coverholders’ Facilities.
• Main contact for coverholders’ queries.
• Onboarding new coverholders when required.

Skills

Binding Authority/Lineslip operations experience

DCOM knowledge

Intermediate+ Excel skills

Experience with Global XB

Experience with Whitespace

Tools

IMR/ Tracker Portal/ DCOM/ ATLAS

Job description

Join to apply for the Binder Technician role at Price Forbes

Job Title: Binder Technician

Location: London/Hybrid (Typically 2/3 days in the office)

Type: Full time – Permanent (if you prefer flexible working, please contact us)

What We Can Offer

We offer a supportive culture with apprenticeships, study support, participation in our annual Spotlight Awards, Community Trust, Sports Teams, office socials, events, and more. Additionally, we provide wellbeing programs, discounts across many businesses, gym memberships, restaurants, and healthcare cash plans.

Further Perks of Working With Us (Fixed Benefits)

• Employer pension contribution of 10% (based on your contribution of 5%).
• Good work-life balance – flexibility to suit you.
• Competitive salary.
• Life Assurance at X4 of your base salary.
• Group Income Protection.
• Generous annual leave entitlement.
• Private Medical Insurance.
• Group annual bonus scheme.

Must Have(s)

• Min 5 years Binding Authority/Lineslip operations experience
• DCOM knowledge

Key Responsibilities

• Handling all technical responsibilities for our 1st-party and 3rd‑party Coverholders’ Facilities, including some run‑off business.
• Being the main contact for coverholders’ handling and assisting with any queries they may have.
• Onboarding new coverholders when required.
• Other related duties such as checking in‑house documents and reports.
• Keeping up to date with market initiatives.
• Ensuring the smooth running of our own and third‑party Coverholders’ Binding authorities and Lineslips.
• Building relationships with existing Coverholders and stakeholders.
• Coaching new/existing coverholders through monthly procedures and insurance documentation production.
• Checking Facilities Business Agreements and Endorsements prior to submission to Underwriters for agreement.
• Checking and monitoring aggregate reporting. Point of contact for any Underwriters questions on these.
• Managing workload effectively and efficiently.
• Assisting with Binders & Facilities meetings and tracking action points.
• Creating and maintaining wordings and endorsements templates.
• Undertaking any other responsibilities that may become necessary for the proper performance of the role.

Your Skills & Knowledge

• Knowledge of Binding Authority and Lineslip Agreements, wordings, and endorsements.
• Experience with Global XB.
• Experience with Whitespace.
• Keep up to date with market changes.
• Intermediate+ Excel skills (such as pivot tables).
• Adequate knowledge and experience using IMR/ Tracker Portal/ DCOM/ ATLAS.

Key Competencies

• Insurance Principles and Practice
• Insurance Products and Services
• Legal Knowledge
• Compliance and Operational Risk Knowledge
• Assessing and Transferring Risk Business
• Company and Market Knowledge
• Understanding the Customer
• Communication and influencing skills
• Management of information
• Planning and organising
• Analysis and decision making
• Professional development

Think you don’t meet every requirement?

We are dedicated to creating a diverse, inclusive, and authentic workplace where everyone can thrive. If you’re excited about this role but your experience doesn’t perfectly match what we are looking for, please apply anyway. You might just be the right fit for the job, or other opportunities we may have within the wider Group.

Interview Process

• Submit your application with your CV, emphasising your skills and experience related to the job.
• Our Talent Acquisition team will arrange a call to discuss the role, your motivation, and goals.
• If successful, you will generally be invited to a 1‑hour interview with the Hiring Manager and selected team members, via Teams or in person.
• Depending on the role, you may be invited to attend a second stage interview with further members of the team.

We will move quickly in presenting an offer or providing feedback.

We truly value the diversity of our teams

As a Group, we are committed to supporting and welcoming individuals from all backgrounds. Should you require any reasonable adjustment throughout the recruitment process, please let a member of the Talent team know.