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Delegated Underwriting Support Technician

The Recruiter Specialists Group Ltd
Posted 20 hours ago, valid for a month
Location

Chelmsford, Essex CM3 4SX, England

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • A lead insurer is seeking a new team member to support their high-performing staff in Delegated Underwriting processes.
  • Key responsibilities include maintaining accurate records, liaising with the DU team, and managing Client on-boarding and Binding Authority Agreements.
  • Candidates should have relevant experience in insurance or transferable skills, with a focus on Lloyd's delegated authority tools and market practices.
  • The position offers a competitive salary of ÂŁ40,000 to ÂŁ50,000, depending on experience.
  • Applicants should have at least 2 years of experience in a similar role or relevant insurance background.

This lead insurer is looking to recruit a new staff member who will be a vital support to their team of high performing, progressive staff.

Main duties will be dealing with the Delegated Underwriting processes, maintaining accurate information in DU systems and liaising with all members of the DU team in relation to Client on-boarding, Binding Authority Agreements, Audits and Bordereaux Management.

You will also:

  • Understand and support business relating to first on-boarding and Binding Authority renewals.
  • Maintain accurate records, including Client Account and Binding Authority entries, and undertake quality control of the underwriting teams’ entries on a weekly and monthly basis.
  • Support the delivery of the audit plan.
  • Assist with the management of bordereaux records including chasing bordeaux, keeping records and liaising with relevant internal and external stakeholders as such Lloyd's brokers and Underwriters as required.
  • Review Lloyd's international regulatory trading requirements.
  • Support the implementation of Lloyd's, FCA and other regulators’ policies and procedures.
  • Understand all appropriate lines of escalation and the responsibilities of governance
  • Any other tasks as appropriate to this role
  • Understanding of Lloyd's delegated authority tools.
  • Lloyd’s Market practices and regulation, specifically relating to delegated underwriting.

If you have worked within a similar role or have transferable Insurance skills and are interested to know more then please submit your CV for consideration.

The Recruiter Insurance Specialists are acting as a Recruitment Agency

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.