Delegated Authority Technician.

Taylor James Resourcing

Posted a day ago, valid for 6 days

London, Greater London EC2V7NQ, England

£40,000 - £48,000 per annum

Full Time

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Delegated Authority Technician. £40,000 - £55,000

This well established and highly regarded Underwriters has an excellent market reputation and is now looking for a new person for their Delegated Authority team.

The successful candidates key focus is to administer best delegated underwriting management practices, participating in internal projects and market initiatives where required to achieve this aim. In addition, it is essential to provide strong stakeholder engagement for delegated underwriting across the Business and with Coverholders, brokers and Lloyd's.

Duties will include:

Facilitating approval of new Coverholders and Binding Authority Agreements

Handling Coverholder applications under the guidance of the Head of Delegated Underwriting Authority

Processing and managing approval of renewals including preparation of renewal data, annual due diligence, internal sign off documents, drafting agreements, pre bind quality assurance and registrations

Undertaking Conduct Risk review on new and renewal Coverholders and referring to the Product Oversight Committee where required

Resolution of audit recommendations relevant to the agreed portfolio of coverholders

Drafting of documentation for direct deal facilities, where required

Reviewing and managing sign off of lineslips and consortiums

Ensuring accurate risk entry and rating in the underwriting system, processing endorsements and updating systems where required for facilities managed

Ensuring account information is accurate and processed in Lloyd's delegated authority systems

Monitoring of premium income and commissions against booked estimates monthly

Attendance at the quarterly Delegated Authority Management Group

Participation on internal projects and meetings where required.

Handling the processing of bordereaux (written and paid) onto internal systems and Lloyd's systems.

Help to maintain internal logs related to receipt of bordereaux and its status of upload.

Monitor the quality of bordereaux data and resolving data issues by liaising with Underwriters / Coverholders & Brokers