Delegated Authority Technician

Delegated Authority Analyst

Lloyd’s Syndicate

Salary to £50,000

Hybrid working 3 days in London

Role Overview

As Delegated Authority Specialist you will work with the DUA Manager and other stakeholders, coordinating the placing requirements in respect of new and renewing Delegated Authorities in accordance with the Delegated Authority Framework. You will provide a link between the DUA division, internal Group Companies and/or Cover holders and markets, in order to assess, communicate and to prepare Business Plans as required to meet Business Development opportunities, including the drafting of relevant Delegated Authority Agreements and associated documentation. Manage the DUA arrangements and oversight with colleagues and/or Group support functions, ensuring the day-to-day activity including reviews and lifecycle activity communication between the teams and external stakeholders.

Role Responsibilities

• Produce DA operational reporting information and support the business with their binder MI needs, liaising with DA Reporting & Oversight to prepare information and escalation of queries.
• Produce & coordinate the implementation of the action points arising from Production or DUA Team meetings, including the maintenance of the team’s site & the production of the minutes from the monthly meetings.
• Draft &/or review new and Renewing DA’s, coordinating changes within company or document owner, provided placing progress reports to stakeholders and use of appropriate trackers.
• Assist the Head of DUA in creating and implementing the on-boarding process for new Broking &/or underwriting teams, and relevant DA’s arrangements across the Group.
• Manage the division Templates, amending and updating in accordance with Market or Regulatory changes as required or as advised by Group service function.
• Preparation and oversight of all new Cover holder approvals, renewals and post approval changes including assisting key internal &/or external stakeholders.
• Maintain effective relationships with external stakeholders; Lloyds, Regulators, Brokers, Cover holders & Market Peers.
• Assist with team projects, taking ownership, working with necessary departments to achieve required outcomes.
• Keep abreast of market dynamics and demonstrate awareness in order to evolve DUA framework.
• Maintain knowledge of the insurance regulatory environment, introducing appropriate changes to procedures relevant to DUA arrangements.
• Use analytical skills to translate MI into a view of customer experience, production of relevant statistical information.
• Assist in Identifying potential or actual issues that may adversely affect the business in context of DUA role

Experience required

• 2 years minimum experience within a similar role
• Experience in delegated authority business, preferably working in an insurance company or Lloyds syndicate.
• Experience of working within the London / Lloyd's insurance market, regulation, specifically relating to delegated underwriting authority.
• Experience of using Lloyd's tools such as Atlas, BAR, & DCOM.
• At least 5 A-C Grade GCSE’s including English, Maths and ICT.
• Insurance qualifications e.g., CII (Desirable)
• Confident stakeholder management skills to create positive new and continue established working relationships with both internal and external stakeholder