Senior Delegated Underwriting Analyst

Back to job search

Senior Delegated Underwriting Analyst

  • Location:

    United Kingdom

  • Contact:

    Piere Forbes

  • Contact email:

    piere.forbes@equitycity.co.uk

  • Contact phone:

  • Job ref:

    509

  • Published:

    12 days ago

  • Expiry date:

    2024-12-26

Title: Senior Delegated Underwriting Analyst
Location: London
Work Pattern: Full Time and Hybrid

About the job
We are excited to offer a newly created role for an experienced DUA Analyst to join our dynamic and growing team. This is a fantastic opportunity to become part of a leading Lloyd’s syndicate, where your expertise will make a real impact.

As a Senior Delegated Underwriting Analyst, you'll play a key role in ensuring that all Delegated Authority arrangements at the business align with our comprehensive framework of policies, procedures, and processes. You'll be at the heart of driving efficiency, professionalism, and delivering a high-quality service, making a real difference in our operations and success.

What you will spend your time doing
  • Conduct thorough risk assessments for new binding authorities, ensuring robust due diligence is in place.
  • Provide valuable support to underwriters, guiding them through the application process when needed.
  • Act as a key sponsor for new coverholder applications through Lloyd’s, and efficiently manage updates to existing applications.
  • Collaborate with teams across BDX, Claims, Complaints, Compliance, Credit Risk, and Wording to ensure smooth financial and processing management for all facilities.
  • Monitor and assess the ongoing performance of coverholders and binding authorities, ensuring continuous improvement.
  • Maintain accurate and up-to-date coverholder information within our systems.
  • Contribute to systems testing, working closely with IT and project teams to optimize processes.
  • Proactively manage renewal reminders and ensure timely follow-up.
  • Prepare and present detailed reports for team and management meetings.
  • Address and escalate any issues or concerns to the Delegated Authority Manager promptly.
  • Document and resolve any subjectivities or issues that arise, ensuring timely follow-up and resolution.
You’re Going To Enjoy This Job If You…
  • Establish, maintain and enhance the day to day relationships with internal customers.
  • Keep abreast of changes and proposed changes to delegated underwriting authority rules, best practice and guidance issued by regulators
  • Take pride in the quality of your work and promote best practice at all times
  • Enjoy providing a valuable service to the business by supporting underwriters through change
  • Are not afraid to challenge the status quo and suggest improvements to frameworks and procedures
  • Enjoy constantly learning and developing yourself
What We Need From You
  • Sound knowledge of underwriting practice
  • Good understanding of the regulatory binder control frameworks
  • Ability to clearly and concisely communicate in writing and verbally
  • High attention to detail with great pragmatism