Snr Delegated Authority Analyst

Job title:

Snr Delegated Authority Analyst

Company

Oliver James Associates

Job description

Job Opportunity: Senior Delegated Authority Operations AnalystLocation: London – HybridAbout the Client:Our client is a prominent and highly respected specialist (re)insurer within the Lloyd’s market, offering a broad range of Property, Commercial, and Specialty (re)insurance products. They are committed to combining cutting-edge technology, data, and human expertise to deliver efficient, tailored solutions to their clients.The Role:We are currently recruiting for a Senior Delegated Authority Operations Analyst to support the successful implementation of the Delegated Authority (DA) strategy. This role will focus on providing high-quality support to Underwriters, ensuring comprehensive due diligence, and managing audits to ensure compliance with the company’s DA framework. The successful candidate will play a key role in supporting internal teams and stakeholders to manage delegated authority arrangements effectively.Key Responsibilities:

• Provide support to Underwriters and other stakeholders by ensuring thorough due diligence and ongoing monitoring of new and existing delegated authorities (Binding Authorities, Lineslips, Consortiums, and Delegated Claims Administrators).
• Implement and manage the annual audit programme for Coverholders and DCAs in line with the audit policy.
• Prepare governance and performance reports, including KPIs, related to delegated authority arrangements.
• Assist in the review process for Binding Authorities, Lineslips, Consortiums, and DCAs.
• Produce regulatory and Lloyd’s returns, ensuring compliance with market thematic reviews.
• Build and maintain strong relationships with business units, particularly Underwriting teams.
• Attend relevant forums, seminars, and workshops related to Delegated Authority.
• Coordinate internal and external audit reviews and provide support on ad hoc DA projects.
• Assist with the oversight of outsourced resources related to bordereaux data capture and management.

Essential Qualifications, Skills & Experience:

• Extensive experience in a Delegated Authority role within the insurance industry, ideally within the Lloyd’s market.
• Excellent attention to detail, with strong due diligence and investigative skills.
• Strong analytical, written, and communication skills.
• Experience mentoring and coaching junior team members.
• Exceptional organisational and time management skills.
• Strong interpersonal skills, with the ability to communicate effectively with colleagues at all levels.
• Proficient in using Lloyd’s management systems (e.g., DCOM, DAM, Lineage, Crystal) and advanced Excel skills.

Desirable Attributes:

• Strong relationship-building and interpersonal skills.
• Ability to motivate and inspire peers and junior team members.
• Articulate, numerate, and proactive.
• Highly organised with the ability to prioritise and meet deadlines.
• A strong interest in further developing a career within Delegated Authorities.

This is an excellent opportunity to join a reputable and growing business in the (re)insurance sector. If you are looking for a new challenge and an opportunity to make an impact, we encourage you to apply today.

Expected salary

Location

London

Job date

Wed, 22 Jan 2025 04:35:41 GMT

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