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- Tasks: Oversee and audit delegated authority agreements while preparing management information reports.
- Company: Join a leading Lloyd's Insurer in the heart of London.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth.
- Why this job: Be part of a collaborative team that drives impactful underwriting and claims processes.
- Qualifications: 3-5+ years of experience in Delegated Authority, Governance, and MI required.
- Other info: Engage in cross-functional projects and enhance your data control skills.
The predicted salary is between 48000 - 72000 £ per year.
I am currently recruiting for a leading Lloyd's Insurer who are seeking a Delegated Authority Analyst to join their growing team. My client is looking for someone with strong experience within DA, Governance and MI to support the wider Underwriting & Claims function of the business. You will be responsible for the day-to-day oversight, monitoring and auditing of DA arrangements and prepare MI data packs for relevant Underwriting/Claims processes. The ideal candidate will have 3-5+ years within this space.
Key Responsibilities
- Collaborates with underwriting and claims teams to prepare new and renewal delegated authority proposals for submission to the Delegated Underwriting and Product Oversight Group.
- Oversees the day-to-day management, monitoring, and auditing of delegated authority agreements, including issue resolution, escalation handling, reporting, logging, and governance oversight.
- Prepares management information (MI) reports and presentation packs for relevant underwriting and claims committees and working groups.
- Develops and produces data reports using Excel, including the design and generation of management information (MI).
- Contributes to initiatives aimed at enhancing MedPro's data control and staging environments.
- Tracks premium development in relation to Estimated Premium Income (EPI).
- Partners with underwriting, claims, and other Group entities to ensure timely receipt and quality assurance of bordereaux and financial data.
- Ensures all contract amendments directed by underwriting and claims are accurately reflected in binding authority agreements and other relevant contracts, working closely with Legal to escalate and resolve issues before implementation.
- Monitors contractual service level agreements (SLAs), including those with coverholders, and escalates non-compliance when necessary.
- Drafts and manages Letters of Authority for underwriting and claims, including monitoring compliance and identifying exceptions.
- Engages in broader business initiatives and cross-functional projects.
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Authority Analyst - HFG
✨Tip Number 1
Familiarise yourself with the key responsibilities of a Delegated Authority Analyst. Understanding the nuances of delegated authority agreements and how they impact underwriting and claims will give you an edge in discussions during interviews.
✨Tip Number 2
Network with professionals in the Lloyd's insurance market. Attend industry events or join relevant online forums to connect with people who can provide insights into the role and potentially refer you to opportunities within their organisations.
✨Tip Number 3
Brush up on your Excel skills, particularly in data reporting and management information (MI) generation. Being able to demonstrate your proficiency in creating and analysing data reports will be crucial for this role.
✨Tip Number 4
Stay updated on the latest trends and regulations in the insurance industry, especially those related to governance and compliance. Showing that you are knowledgeable about current issues can set you apart from other candidates.
We think you need these skills to ace Delegated Authority Analyst - HFG
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Delegated Authority, Governance, and Management Information (MI). Use specific examples from your past roles that demonstrate your skills in these areas.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your understanding of the role and how your background aligns with the responsibilities listed. Mention your experience with underwriting and claims processes, as well as your ability to prepare MI reports.
Highlight Technical Skills: Since the role requires proficiency in Excel for data reporting, be sure to mention any advanced Excel skills you possess. Include examples of how you've used Excel in previous positions to develop reports or manage data.
Showcase Collaboration Experience: The job involves working closely with various teams. Provide examples in your application of how you've successfully collaborated with others in previous roles, particularly in relation to delegated authority agreements or similar projects.
How to prepare for a job interview at HFG
✨Know Your Delegated Authority Basics
Make sure you have a solid understanding of delegated authority agreements and their importance in the insurance sector. Be prepared to discuss your previous experience with DA, governance, and MI, as this will be crucial for the role.
✨Showcase Your Analytical Skills
Since the role involves preparing MI reports and data analysis, be ready to demonstrate your proficiency in Excel and any other relevant tools. Bring examples of past reports you've created or data projects you've worked on to illustrate your capabilities.
✨Understand the Company’s Culture
Research the Lloyd's Insurer and understand their values and culture. This will help you tailor your responses to align with what they are looking for in a candidate, showing that you are not just a fit for the role but also for the company.
✨Prepare Questions for Them
Have insightful questions ready to ask at the end of the interview. This could include inquiries about their current challenges in delegated authority management or how they measure success in this role. It shows your genuine interest and engagement.
