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About the Role
We are seeking a technical expert to join our Political Violence and Terrorism team, a highly profitable and dynamic part of the business. This role is pivotal in supporting operational excellence and growth by providing essential technical support for open market placements, global facilities, and Global XB.
Responsibilities
- Preparing market submissions and placing documentation including MRC’s and endorsements.
- Maintaining clear, accurate and comprehensive files reflecting the transactions undertaken on behalf of clients.
- Inviting and monitoring renewal instructions.
- Logging of all quotes and enquiries.
- Daily monitoring with NST/IBA team to monitor bad debt, cash and funding.
- Bordereaux monitoring for current binders and lineslips.
- Assisting with “know your client” due diligence procedures.
- Assisting with binding submissions via Whitespace.
- Deal with incoming enquiries from clients, insurers and other third parties in a professional and timely manner.
- Monitor timeliness of the placement process to ensure Contract Certainty is achieved and timely invoicing is achieved.
- Assisting with production of taxation schedules for Global Programs.
- Generally providing support to the producers/brokers within the Division.
- Carrying out such projects and other duties and tasks as may from time to time be required.
Requirements
- Sufficient knowledge and understanding of the relevant aspects of the Law of Agency and the Law of Contract to be able to perform the Principal Tasks.
- Sufficient knowledge and understanding of the general concepts of insurance to be able to perform the Principal Tasks.
- Good working knowledge of the UK regulatory requirements as they affect the business of the Terrorism Divison.
- Awareness of legal and jurisdictional requirements in territorial limits worked on and maintenance of up to date knowledge of current market practices.
- Knowledge of Price Forbes practices, procedures and service standards.
- Knowledge and/or awareness of Price Forbes IT systems and processes.
- Good working knowledge of London market practices.
- Understanding of MRC and endorsements.
- Good knowledge and understanding of Lloyd’s Crystal and Risk Locator tools.
- Knowledge and understanding of electronic placing systems (PPL/Whitespace).
- Understanding of Binding Authority procedures and bordereaux management.
- Ability to retain existing business and the confidence of the clients.
- Ability to work effectively as part of a team.
- Ability to work under pressure and to meet deadlines.
- Ability to use Microsoft Word and Excel packages.
- Ability to use the Price Forbes IT systems.
Skills
- Technical support
- Open market placements
- Global facilities
- Global XB
- Political Violence and Terrorism risks
- Transactional execution
- Collaboration
- Precision
- Work ethic
- Microsoft Word
- Microsoft Excel
Location
- London
- Hybrid
Work Type
- Full time
- Permanent
- Hybrid (Typically 2/3 days in the office)
Experience Level
- Senior Technician
Salary/Compensations
- Competitive salary
Benefits
- Apprenticeships
- Study support
- Participation in our annual Spotlight Awards
- Community Trust
- Sports Teams
- Office socials
- Events
- Wellbeing programs
- Fantastic discounts across many big-name businesses
- Supermarket discounts
- Gym memberships
- Restaurant discounts
- Healthcare cash plans
- Employer pension contribution of 10% (providing you, the Employee provides 5%)
- Good work life balance - flexibility to suit you.
- Life Assurance at X4 of your base salary.
- Group Income Protection.
- Generous Annual Leave entitlement.
- Private Medical Insurance.
- Group annual bonus scheme.
About the Company
- Price Forbes provides much more than just a workplace, fostering skill development and knowledge within a passionate team.
- We value our Employees and truly celebrate diversity.
- Working at Price Forbes means you’ll be part of The Ardonagh Group.
- We are proud of our innovative environment offering many opportunities for growth across the wider group.
- Employees regularly move between our united teams, and we encourage you to make your role your own.
- Our offices are lively and exciting places to be, but we understand that life needs flexibility, and offer a genuinely flexible approach to working.
- If you are looking to join a thriving, energetic business with exciting plans, this role could be an ideal fit for you.
Equal Opportunity
- We are an equal opportunities Employer, dedicated to creating a diverse, inclusive, and authentic workplace where everyone can thrive, bring their whole self to work, and reach their full potential.
- We truly value the diversity of our teams and as a Group, we are committed to supporting and welcoming individuals from all backgrounds, as we appreciate every perspective is a significant part of our success.
- Should you require any reasonable adjustment throughout the recruitment process, please do not hesitate to let a member of the Talent team know.