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Senior Delegated Authority Analyst

Oliver James
Posted 12 days ago, valid for 12 days
Location

London, Greater London EC1R 0WX

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 Senior Delegated Authority Analyst position offers a contract duration of 3+ months with a potential for extension or permanent placement.
  • The role provides a salary of £500-600 per day inside IR35, with options for remote or hybrid working based on preference.
  • Candidates must have a minimum of 5 years of extensive experience in Delegated Authorities within an insurance company, preferably in the Lloyd's market.
  • Key responsibilities include supporting Underwriters, conducting audits, preparing governance reports, and maintaining relationships with various business units.
  • The ideal applicant should possess strong attention to detail, excellent investigative skills, and proficiency with third-party Lloyd's management systems.

Job Title: Senior Delegated Authority Analyst

Duration: 3+ months (potential to extend or go permanent)

Rate/Salary: £500-600 per day inside IR35

Location: Remote working or hybrid (this role can either facilitate fully remote or hybrid working subject to your preference)

The Role:

  • In line with the DA Framework provide full support to Underwriters and other relevant stakeholders by ensuring due diligence and ongoing monitoring is undertaken across all new and existing delegated authorities (Binding Authorities, Lineslips, Consortium and Delegated Claims Administrators (DCAs).
  • To undertake all the steps of the audit policy and to ensuring the timely implementation of the annual audit programme for Coverholders and DCAs
  • Prepare governance and other performance reporting and insights of delegated authority arrangements, including discussing KPIs with Underwriting and relevant stakeholder teams.
  • To support the Delegated Authority Team with administrating the review process for all binding authorities, lineslips, consortium and DCAs.
  • To build and maintain a strong relationship with all business units, particularly Underwriting teams.

Experience Required:

  • Must have extensive/5+ years experience working in Delegated Authorities role within an insurance company, ideally within the Lloyd's market.
  • Must be fully competent when navigating complex Delegated Authority management including complex DUA proposals, on-boarding and Coverholder approvals.
  • Attention to detail, excellent due diligence, and investigative skills.
  • Strong interpersonal skills with the ability to communicate effectively with individuals at all levels of the business in a confident and professional manner.
  • IT literate with experience of third-party Lloyd's management systems, including DCOM, DAM, Lineage, Atlas, Crystal, DDM, VIPR's Intrali & LWR.

If the above vacancy is of interest and you fit the following criteria, please apply online for consideration. Please note that professionals who are immediately available or have up to 2 weeks notice are best suited, as this vacancy is an urgent hire.

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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.