• Binding Authority Account Manager

    Requisition ID 2444937
    Job Family GB-London
  • Posting Description

    Binding Authority Account Manager


    We’re hiring!


    Aon are currently recruiting a Binding Authority Account Manager to join our team in London. The Binding Authority Account Manager will be primarily responsible for producing and/or providing quality checks in respect of documentation and transactional activities required to support the placement of business and assisting in marketing business within the Lloyds and Company Market (globally) on a day-to-day basis.


    About Aon


    Headquartered in London, Aon Plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.


    Aon is an equal opportunities employer.  Aon's recruitment and selection policy ensures the best possible skill mix of colleagues and the highest quality candidates are appointed using objective job-related criteria.


    Reinsurance Solutions, a division of Aon plc, is the world’s leading reinsurance intermediary and full-service capital advisor. We empower our clients to better understand, manage and transfer risk through innovative solutions and personalised access to all forms of global reinsurance capital across treaty, facultative and capital markets. As a trusted advocate, we deliver local reach to the world’s markets, an unparalleled investment in innovative analytics, including catastrophe management, actuarial and rating agency advisory. Through our professionals’ expertise and experience, we advise clients in making optimal capital choices that will empower results and improve operational effectiveness for their business. With more than 80 offices in 50 countries, our worldwide client base has access to the broadest portfolio of integrated capital solutions and services.


    About the Role


    Your impact as a Binding Authority Account Manager:

    • Providing a pro-active approach to ensure efficient handling of our Client's needs, including preparation of Documentation (i.e. Binding Authority Slips, Endorsements, Presentations etc.)
    • Liaising with Premium advocates to ensure all premiums are paid on time and organising chasing where appropriate
    • Liaising with Claims advocates to ensure all claims are paid promptly
    • Preparation of Statistics
    • Providing advice to clients and colleagues on the scope of coverage and assist them with the interpretation of clauses
    • Analysing client requirements to identify an appropriate scope of insurance coverage Producing final documentation to confirm coverage to clients
    • Collecting and analysing relevant information and prepare market submissions and presentations for new business or renewals
    • Responsibility for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company

    About you


    Your knowledge and expertise:

    • Educated to at least A level standard or equivalent and/orbe able to demonstrate relevant years of experience
    • Candidate must have experience in Binding Authority processes/documentation
    • Experience work in a Broker environment in a Binding Authority role
    • Must be proficient in Microsoft Office with extra emphasis on Word and Excel (including use of pivot tables)
    • Understands the role of Binding Authorities in a clients' business strategy, effective translation of those needs, identifies appropriate partners, negotiation, statistical analysis and interpretation, legal parameters and content.
    • In depth understanding, consistently maintains a working knowledge of the client, manages expectations, introduction of new products.
    • Stays abreast of market developments and the client potential impact, has a good knowledge of key competitors, awareness of industry practices and Aon's regulatory controls.


    Salary and Benefits


    This role offers a competitive salary and bonus, plus a comprehensive benefits package and 25 days holiday. Through our flexible benefits, you will also have the opportunity to choose additional benefits, including healthcare, childcare vouchers and additional holiday.  We also offer tremendous potential with a growing worldwide organisation.


    Our Colleague Experience


    Every day, our colleagues make a difference, work with the best, own their potential, and value one another. Together, we share this one purpose: to empower economic and human possibility around the world. This unifying goal is at the heart of our identity, and it lives in everything we do. To learn more about our colleague experience, visit Aon Colleague Experience.


    We’re happy to talk flexible working. If you need to flex your working pattern, Aon offers flexible and agile working policies and we’re happy to discuss options with you upon application.


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