Binders Administrator

Role overview

The primary purpose of this role is to support the administration of Binder contracts from the setting up of the contract through to chasing and handling of bordereaux to ensure detailed records for reporting to Underwriters and regulatory bodies is available.

Whilst the role is within the Underwriting Support area the successful candidate will be dealing with Underwriters, Broker and Coverholders and assisting our offshore partners on a daily basis.

Main Responsibilities:

Oversee and assist our offshore partners in the accurate and timely data entry and data validation in to Subscribe and BDX (Bordereaux Management System) within agreed timescales

Oversee and assist our offshore partners in the mapping and loading of Risk and Premium Bordereaux into the BDX system via IQroute mapping tool.

Working with Underwriters, Brokers and Coverholder to resolve data errors and issues

Oversee and assist our offshore partners in the monitoring and chasing bordereaux returns from Coverholders and brokers to ensure information is submitted and processed in a timely fashion

Handling and agreeing premium messages from Xchanging

Oversea and assist our offshore partners in the scanning and filing data information and Bordereaux into our Document Management System (DMS)

Helping to check data for submission to Lloyd’s for Performance Monitoring Data (PMD)

Oversee and assist our offshore partners with the system updates for premium and endorsement amendments

Oversee and assist our offshore partners with the monitoring and chasing of Underwriters for any overdue risk and/or premium bordereaux

Oversee and assist our offshore partners with identification, reconciliation and clearance of unallocated cash amounts.

Oversee and assist our offshore partners in reviewing Binder EPI’s against written premium.

Ensure all notes and diary entries are kept and actioned daily

Analyse signed income against written bordereaux to identify discrepancies in unpaid risk premiums

Ensure all queries are escalated to the Manager at the appropriate time before problems arise.

Assist in the Production of weekly and monthly credit control reporting representing and reflecting information processed and provided under binding authority contracts.

Assist with the preparation of the month end reporting