Delegated Underwriting Authority Analyst

Company Details Logo Responsibilities The Delegated Underwriting Authority Analyst is responsible for the oversight of our delegated authority portfolio and managing associated risks.

Responsibilities

• This encompasses coverholder due diligence, audit management, and ongoing monitoring.
• Effective and timely due diligence into coverholders and third parties (including new, renewal, and Lloyd's coverholder tribunalisations) to ensure compliance with both regulatory and internal requirements.
• Accurate and timely pre-bind reviews of delegated authority contracts.
• Proactive management of our coverholder audit cycle; including planning, scheduling, scoping, auditor liaison, and the remediation of recommendations.
• Accurate peer review of bordereau management system accounts, mappings and validations created by the offshore team, liaising with SMEs as needed.
• Liaising with the Delegated Reporting Manager to ensure that bordereaux are received in a timely manner and to specification.
• Accurate reporting of performance metrics to internal stakeholders, including participating in the Delegated Underwriting Group.
• Supporting wider efforts to ensure that systems, controls and record keeping are in place to deliver the above outcomes.
• Using subject matter knowledge and experience to advise underwriters and troubleshoot issues.
• Facilitation of the underwriter EPI review process.

Requirements

• Good awareness of delegated authority management; including due diligence, audit, bordereaux, market systems (e.g. Atlas and DCOM) and regulatory requirements.
• Effective interpersonal skills.
• Professional and approachable with a ‘can do’ attitude, and the ability to build trust with senior stakeholders.