Delegated Authority

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Delegated Authority

  • Location:

    United Kingdom

  • Salary:

    4000065 to 40000999999

  • Contact:

    Piere Forbes

  • Contact email:

    piere.forbes@equitycity.co.uk

  • Job ref:

    362

  • Published:

    about 1 month ago

  • Expiry date:

    2024-05-11

About the role
 
  • Working closely with the Head of Delegated Operations, you will be responsible for
  • the operationally supporting the full lifecycle of Coverholder, TPA and Binder
  • operations
  • Provide guidance and advice to the underwriters and claims managers on the setting
  • up and management of delegated underwriting and claims facilities across all lines of
  • business.
  • Assist with the management and governance of ASML bordereaux management
  • systems and any related outsource partners.
  • Support the Syndicate’s strategic ambitions of enhancing its data and reporting
  • capabilities with respect to delegated authorities.

As the Delegated Underwriting Analyst, your key responsibilities will involve
 
  • The day to day operational management of all delegated authorities for underwriting and claims, covering due-diligence, onboarding, binder set up and management, EPI monitoring, bordereaux monitoring and management, audit programme management
  • Develop and provide MI to the underwriting and claims teams, to help them manage their portfolio
  • Work closely with the Head of Delegated Operations to support the expansion of the function to manage Delegated Claims arrangements and its associated audit programme and MI production.
  • Act as a key-user / SME for all relevant Delegated data systems, and liaise closely with business units regarding effective and consistent use of the system across ASML.
  • Work closely with the ASML Delegated Authorities Audit Programme, and help to manage and oversee the various Lloyd’s including DCOM, Atlas and DAM.
  • To help develop and enhance the implementation and ongoing monitoring of the Bordereaux Management System utilised by ASML.
  • To help develop and implement the production of regular Bordereaux Management reports, recording and discuss any identified deviations from agreed contract terms with Underwriters in a timely fashion.
  • Work with the DU team to chase for overdue bordereaux, liaising with business units so they are aware at all times of Delegated Underwriting team’s actions.
  • Liaise with Underwriters and Credit Control with regard to general premium payment
  • queries arising on delegated underwriting arrangements.
  • Attend weekly Underwriters meeting.
  • Develop relationships with underwriters to ensure full understanding of business lines
  • Assist with production of Delegated Authority management information and provide assistance with statistical analysis and with the timely and accurate production of regular and “ad hoc” reports.
  • Assist the Head of Delegated Operations with the production of reporting packs for
  • POG, TMPG, Operations Committee and any other Groups and Committees as necessary.
  • Undertake any other related duties as may be reasonably required.
  • You will be expected to perform to the highest of standards and in accordance with the

Conduct Rules as specified by the FCA. The Conduct Rules are as follows:
  1. You must act with integrity
  2. You must act with due care, skill and diligence
  3. You must be open and co-operative with the FCA, PRA and other regulators
  4. You must pay due regard to the interests of customers and treat them fairly
  5. You must observe proper standards of market conduct.
About You
  • Strong knowledge of insurance.
  • Experience of working in the Lloyd’s Market or a delegated authority environment.
  • A strong working knowledge of Excel, and a competent user of MS Office; experience
  • of Bordereaux Management Systems and aptitude to learn in–house software.
  • Strong Time/Project management skills to ensure deadlines are met and effectively
  • prioritised.
  • Professional and approachable with a ‘can do attitude’ and the ability to interact with
  • colleagues.
  • Demonstrates analytical and problem solving skills.