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Delegated Underwriting Support Technician

The Recruiter Specialists Group Ltd
Posted 11 hours ago, valid for 5 days
Location

Chelmsford, Essex CM3 4SX, England

Salary

ÂŁ50,000 - ÂŁ60,000 per annum

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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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  • The position involves working in a collaborative team within a leading insurer's Delegated Underwriting processes.
  • Candidates should have experience in client onboarding, Binding Authority Agreements, audits, and bordereaux management.
  • The role requires maintaining accurate records and supporting the delivery of the audit plan, with a focus on quality control of underwriting entries.
  • A background in Lloyd's delegated authority tools and market practices is essential, along with an understanding of regulatory requirements.
  • The salary for this role is competitive, and candidates are expected to have relevant experience in a similar position.

Working within a high performing, positive and collaborative team, where you can make difference, within this leading Insurer

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.

  • 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 bordereaux, 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.

Apply now in a few quick clicks

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.