Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Conduct audits of outsourced service providers in insurance, ensuring compliance and positive consumer outcomes.
- Company: Join a respected insurance organisation known for its friendly hybrid work culture and generous benefits.
- Benefits: Enjoy a competitive salary, bonus opportunities, and the flexibility of remote work.
- Why this job: Be part of a dynamic team that values independent thinking and offers opportunities for travel.
- Qualifications: Ideal for candidates with a strong background in delegated authority and audit processes.
- Other info: Opportunities for overseas travel and involvement in special audit projects.
The predicted salary is between 48000 - 60000 £ per year.
Job Title: Delegated Authority Audit
Location: London
Sector: Insurance
Type: Permanent
Salary: £60,000 – £71,500 per annum
Ref: BT982
Company Overview
Our client is a highly respected insurance organization offering an exceptionally friendly, hybrid work environment and a generous benefits package including bonuses.
Job Description
They are seeking a candidate with a strong delegated authority background to oversee audits of Outsourced Service Providers (OSPs) to whom the company delegates authority. This includes audit preparation, on-site fieldwork, drafting reports, and tracking closure of audit findings.
The successful candidate will ensure OSPs operate as expected, comply with contractual and regulatory requirements, and have appropriate systems and controls in place to ensure positive consumer outcomes.
Responsibilities
- Plan, organise, and conduct audits both onsite and remotely, including travel and overseas opportunities.
- Focus on processes and controls in delegated authority areas such as underwriting, claims, product distribution, finance, reporting, IT, governance, and compliance.
- Report findings, make recommendations, monitor management responses, and facilitate implementation.
- Prepare and deliver audit reports.
- Identify risks, communicate remedial actions, and ensure follow-up.
- Maintain the Audit Tracker and record regulatory or contract breaches.
- Escalate overdue findings and maintain comprehensive audit records.
- Assist with annual audit planning and reporting to management.
- Collaborate on specialist ad hoc audit projects and perform due diligence/on-boarding processes.
- Support colleagues and external resources on various projects.
Requirements
Strong delegated authority audit experience, ability to conduct both onsite and remote audits, excellent reporting skills, and the ability to travel as needed.
#J-18808-Ljbffr
Contact Detail:
Taylor James Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Authority Audit
✨Tip Number 1
Network with professionals in the insurance and audit sectors. Attend industry events or webinars to connect with people who work in delegated authority roles. This can help you gain insights into the company culture and potentially get a referral.
✨Tip Number 2
Familiarise yourself with the latest regulations and best practices in delegated authority audits. Being knowledgeable about current trends will not only boost your confidence but also demonstrate your commitment to the role during interviews.
✨Tip Number 3
Prepare for potential interview questions by practising how you would handle specific audit scenarios. Think about examples from your past experiences that showcase your problem-solving skills and ability to work under pressure.
✨Tip Number 4
Research the company thoroughly, including their values, mission, and recent news. Tailoring your conversation to align with their goals can make a strong impression and show that you're genuinely interested in being part of their team.
We think you need these skills to ace Delegated Authority Audit
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in delegated authority audits, compliance, and risk management. Use specific examples that demonstrate your skills and achievements in these areas.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities mentioned in the job description. Explain why you are a good fit for the role and how your background aligns with the company's needs.
Highlight Relevant Qualifications: Clearly state your ACA/ACCA qualifications and any other relevant certifications. Mention any specific training or experience related to auditing, insurance, or regulatory compliance.
Showcase Soft Skills: In addition to technical skills, emphasise your soft skills such as communication, teamwork, and problem-solving. These are crucial for collaborating with various business units and external partners.
How to prepare for a job interview at Taylor James Resourcing
✨Understand the Role
Make sure you have a solid grasp of what the Delegated Authority Audit role entails. Familiarise yourself with the key responsibilities, such as audit preparation and compliance checks, so you can discuss how your experience aligns with these tasks.
✨Showcase Your Audit Experience
Be prepared to share specific examples from your past roles that demonstrate your auditing skills. Highlight any experience with outsourced service providers and how you've ensured compliance with regulations and best practices.
✨Prepare Questions
Think of insightful questions to ask during the interview. This could include inquiries about the company's audit processes or how they measure success in this role. It shows your interest and helps you assess if the company is the right fit for you.
✨Demonstrate Soft Skills
In addition to technical skills, emphasise your soft skills such as communication and teamwork. The role involves working with various business units, so showcasing your ability to collaborate effectively will be crucial.
