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Delegated Underwriting Support Technician

The Recruiter Specialists Group Ltd
Posted 3 days ago, valid for 6 days
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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  • This position is with a leading insurer, requiring a high-performing individual to join a collaborative team.
  • The role involves managing Delegated Underwriting processes and maintaining accurate information in DU systems.
  • Candidates should have at least 3 years of experience in a similar role or possess transferable insurance skills.
  • The salary for this position is competitive and commensurate with experience.
  • Interested applicants are encouraged to submit their CV for consideration.

This company is a leading insurer and you will be an integral part of this high performing, progressive and collaborative team.

Dealing with 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. Duties will include:

  • 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.

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.