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For Companies At a Glance
- Tasks: Lead due diligence processes and manage a team in Delegated Authority Management.
- Company: Join a forward-thinking organization that values collaboration and innovation.
- Benefits: Enjoy a supportive culture focused on teamwork and long-term impact.
- Why this job: Make a difference in a role that emphasizes regulatory compliance and strategic improvements.
- Qualifications: Extensive experience in Delegated Authority Management, especially within Lloyd's of London.
- Other info: Opportunity to work across international divisions and foster strong stakeholder relationships.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
Delegated Authority Manager
Are you an experienced professional in Delegated Authority Management looking for your next challenge? We are seeking a Delegated Authority Manager to play a key role in overseeing due diligence processes and ensuring compliance with regulatory and operational standards across multiple underwriting platforms.
About the Role
As a Delegated Authority Manager, you will be responsible for the day-to-day oversight of the due diligence process, managing a team of experienced professionals, and ensuring the effective onboarding and monitoring of delegated authority and claims business. You will work closely with key stakeholders, including Governance, Risk, Compliance, Underwriting, and Claims teams, to uphold industry standards and regulatory requirements.
Key Responsibilities
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Oversee and ensure due diligence reviews of coverholders comply with internal policies and regulatory requirements.
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Enhance and embed Delegated Underwriting and Delegated Claims onboarding processes to meet compliance standards.
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Manage the implementation of Delegated workflow systems, ensuring functionality and accurate reporting.
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Maintain and oversee the Delegated Authority and Claims monitoring tracker.
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Ensure quality and consistency of delivery against key performance indicators (KPIs) and service level agreements (SLAs).
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Provide insight and support to coverholder audit teams for full-cycle reviews of delegated authority business.
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Work across international divisions to ensure a unified approach to due diligence.
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Foster strong relationships with key internal stakeholders to ensure regulatory adherence.
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Provide oversight of line slip, consortium, and master policy arrangements as needed.
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Deputise for the Operations Director in relevant areas when required.
What We're Looking For
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Extensive experience in Delegated Authority Management, ideally within a Syndicate, Managing Agent, or Lloyd's of London environment.
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Strong understanding of International and UK consumer delegated authority business, particularly UK binding authorities and regulatory changes.
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In-depth knowledge of Lloyd's Delegated Authority regulation, including DCOM and ATLAS.
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Strategic and innovative thinker with the ability to drive business improvements.
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Excellent interpersonal and leadership skills to guide and inspire a team.
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Strong organisational and decision-making abilities.
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High level of accuracy and attention to detail.
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Effective communication skills-open, honest, and respectful.
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Proficiency in Microsoft Office, including Word and Excel.
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Strong stakeholder management skills.
Why Join Us?
We are committed to fostering a collaborative and inclusive working environment. Our culture is built on strong values that prioritise people, teamwork, excellence, and long-term impact. If you are looking for a role where you can make a difference and contribute to a forward-thinking organisation, we would love to hear from you.
?? Apply now to be part of a team that values expertise, collaboration, and innovation!
Delegated Authority Manager employer: Avencia Consulting Services Ltd
Contact Detail:
Avencia Consulting Services Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Authority Manager
✨Tip Number 1
Make sure to highlight your extensive experience in Delegated Authority Management during any networking opportunities. Connect with professionals in the industry, especially those who have worked in Syndicates or Managing Agents, to gain insights and potentially get referrals.
✨Tip Number 2
Stay updated on the latest regulatory changes affecting Delegated Authority, particularly in the UK. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance and industry standards.
✨Tip Number 3
Develop strong relationships with key stakeholders in your current or previous roles. Being able to showcase your interpersonal skills and how you've successfully collaborated with Governance, Risk, Compliance, and Underwriting teams can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss specific examples of how you've driven business improvements in your past roles. Highlighting your strategic thinking and innovative approaches will resonate well with the hiring team at StudySmarter.
We think you need these skills to ace Delegated Authority Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in Delegated Authority Management. Focus on relevant roles and responsibilities that align with the job description, especially your understanding of regulatory requirements and compliance standards.
Craft a Compelling Cover Letter: Write a cover letter that showcases your strategic thinking and leadership skills. Mention specific examples of how you've driven business improvements in previous roles and how you can contribute to the team at this company.
Highlight Key Skills: In your application, emphasize your strong interpersonal skills and stakeholder management abilities. These are crucial for fostering relationships with internal stakeholders and ensuring regulatory adherence.
Showcase Your Knowledge: Demonstrate your in-depth knowledge of Lloyd's Delegated Authority regulation and your experience with international and UK consumer delegated authority business. This will show that you are well-prepared for the challenges of the role.
How to prepare for a job interview at Avencia Consulting Services Ltd
✨Showcase Your Experience
Be prepared to discuss your extensive experience in Delegated Authority Management. Highlight specific examples from your previous roles, especially within a Syndicate or Managing Agent environment, to demonstrate your expertise.
✨Understand Regulatory Requirements
Familiarize yourself with Lloyd's Delegated Authority regulations, including DCOM and ATLAS. Being able to articulate your understanding of these regulations will show that you are well-prepared for the role.
✨Demonstrate Leadership Skills
Since the role involves managing a team, be ready to discuss your leadership style and how you've successfully guided teams in the past. Share examples of how you've inspired and motivated your team to achieve their goals.
✨Prepare for Stakeholder Engagement
Think about how you would foster strong relationships with key internal stakeholders. Be ready to discuss strategies you've used in the past to ensure regulatory adherence and effective communication across departments.
