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Delegated Authority Technician

Birchlake Recruitment Ltd
Posted 13 days ago, valid for 7 days
Location

London, Greater London EC1R 0WX

Salary

£30,000 - £36,000 per annum

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Contract type

Full Time

Life Insurance
Employee Assistance

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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  • We are seeking a Delegated Authority Technician for a key insurance client during a period of growth.
  • The ideal candidate will have proven insurance experience in a similar role or related fields such as internal audit or compliance.
  • The salary for this position is up to £48,000, depending on experience.
  • Candidates should demonstrate strong regulatory and compliance awareness, as well as excellent interpersonal and communication skills.
  • This role requires a proactive approach to problem-solving and the ability to work cross-functionally with various teams.

We are pleased to be partnering with a key insurance client of ours on an exclusive basis, to help reinforce their Delegated Authority team during a period of continued growth. An important part of the jigsaw puzzle is the appointment of a Delegated Authority Technician.

This will interest someone with proven insurance experience, in a similar Delegated Authority Analyst/Technician position seeking a fresh challenge, or someone perhaps currently working in internal audit, risk, compliance, underwriting or actuarial ready for a new and interesting challenge.

Remuneration & Benefits:

Salary up to £48,000 dependent on experience.

Pension. Day One - Auto Enrolment - Employee 5%, Employer 10%

25 days holiday (+ bank holidays increasing after 3 yrs service)

Post probation:

Medical Cover - Benefit in Kind

Leisure Allowance - £1000

Group Income Protection/EAP

Group Life Insurance

Job Description

  • Assistance in Binder creation and review processes.
  • Accountable for due diligence in regard to contract checks and Coverholders pre and post bind approval processes to ensure compliance with the firms requirements and standards.
  • Control new product and facility onboarding process.
  • Review and create monthly conduct risk management information
  • Review and create the firms fair value assessment program.
  • Work closely with underwriters and provide guidance to enable the correct management and monitoring of binding authorities
  • Review the springboarding process for policy wordings and documentation
  • Ensure bordereaux reviews are used as an effective tool in management of accounts.
  • Understand and meet all legal, regulatory and compliance requirements within your area of responsibility
  • Comply with agreed client service levels including timely and accurate response to client queries and referrals and investigation and resolution of complaints and service failures
  • Maintain knowledge of wider business practices and issues in other teams to facilitate a holistic approach to delegated underwriting management.
  • Assist in the set up and development of new facilities and systems where required from first contact to implementation.
  • Analyse new submissions for extensions to existing facilities and systems and manage external and internal processes from first contact to implementation.
  • Work cross functionally with Compliance, Claims, Finance and Actuarial Teams.
  • Conduct monthly review of contract data and underwriting results preparing reports for head(s) of Underwriting.
  • Any other tasks delegated by Head of DA and Technical Oversight/ Executive Committee.

Conduct Requirements:

  • You must act with integrity.
  • You must act with due care, skill and diligence.
  • You must be open and cooperative with the FCA and other regulators.
  • You must pay due regard to the interests of customers and treat them fairly.
  • You must observe proper standards of market conduct.

Skills & Competencies:

  • Team player - Demonstrates flexibility and empathy and takes responsibility as required
  • Delivering Results - Demonstrates commitment to the identified results, meets deadlines, is motivated and has a "can do" approach
  • Regulatory & Compliance - Demonstrates an awareness of the regulatory environment and implements regulatory and compliance requirements as appropriate
  • Proactivity & Initiative - Uses initiative, shares ideas and suggests improvements, constructively challenges the status quo
  • Transparency - Operates in a fair, open manner, surfaces issues in a timely way
  • Accuracy - Demonstrates diligence and attention to detail to ensure thoroughness and accuracy in tasks
  • Company & Industry Awareness - Understanding and knowledge of the business and the market; awareness of financial issues and business priorities
  • Interpersonal & Communication Skills - Builds effective relationships with stakeholders and communicates in a clear way. Listens and adapts style to particular situations, sensitive to individuals and circumstances
  • Planning & Organising - Organises time and prioritises effectively to deliver within expected timeframes
  • Customer Focus - Maintains professionalism, fair treatment and effective relationship management. Responds in a timely way demonstrating respect, tact and diplomacy
  • Decision Making - Looks to solve problems in a constructive way, makes timely decisions, and develops results-focused action plans

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.