Delegated Authority Analyst
Delegated Authority Analyst

Delegated Authority Analyst

City of London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support the Reporting Manager in processing and validating delegated risk and claims data.
  • Company: Join a leading London Market insurer known for its growth and innovation.
  • Benefits: Enjoy a hybrid work model with four days in the office and potential corporate perks.
  • Why this job: Be part of a dynamic team, enhancing your analytical skills while making a real impact.
  • Qualifications: Relevant experience in delegated authority or bordereaux management is essential.
  • Other info: Interviews are happening soon, so don't miss out on this exciting opportunity!

The predicted salary is between 36000 - 60000 £ per year.

Insurance London – 4 days in the office per week

Finitas are working with a leading London Market insurer on the search for a Delegated Authority Analyst. The team manages the end-to-end bordereaux process, creating a centralised repository for reporting and analytics.

The Delegated Authority Analyst supports the Reporting Manager in processing and validating all delegated risk, premium, and claims bordereaux data. A key responsibility is collaborating with outsourced partners to ensure adherence to standard operating procedures and data quality, delivering accurate outputs to internal stakeholders.

Key Responsibilities:
  • Oversee daily operations with the outsource provider to ensure timely data flow into the bordereaux management system.
  • Analyse and troubleshoot bordereaux data issues by identifying trends and coordinating with internal and external teams to resolve problems.
  • Conduct data quality checks, reconcile financials, and escalate discrepancies as needed.
  • Implement controls to verify alignment between binding authority agreements and submitted data.
  • Perform peer reviews of bordereaux mappings in accordance with standard procedures and liaise with stakeholders for approvals.
  • Assist with contract setup and data loading within the system.
  • Maintain tracking mechanisms to ensure bordereaux submissions and downstream system updates are on schedule.
Qualifications:
  • Relevant experience in delegated authority or bordereaux management.
  • Familiarity with Lloyd’s and the London Insurance Market.
  • Strong analytical skills and technical knowledge of bordereaux systems, preferably including DDM.
  • Proficiency in Microsoft Office.
  • Professional demeanor with effective communication and presentation skills.
  • Ability to assertively manage relationships and challenge when necessary while maintaining collaboration.
  • Strong time management, project coordination, and prioritisation skills.
  • Clear and concise communication of complex issues.

This is a fantastic opportunity to join a global and continually growing company. Interviews are happening next week, this role won’t be around for long! Please register your interest.

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Contact Detail:

Finitas Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Delegated Authority Analyst

✨Tip Number 1

Familiarise yourself with the specific bordereaux management systems mentioned in the job description, especially DDM. Understanding how these systems work will give you a significant edge during discussions with the hiring team.

✨Tip Number 2

Brush up on your knowledge of the London Insurance Market and Lloyd's. Being able to speak confidently about industry standards and practices will demonstrate your commitment and understanding of the role.

✨Tip Number 3

Prepare examples of how you've successfully managed relationships with external partners or stakeholders in previous roles. This will showcase your ability to collaborate effectively, which is crucial for this position.

✨Tip Number 4

Practice articulating complex data issues clearly and concisely. The ability to communicate technical information effectively is key, so consider rehearsing with a friend or mentor to refine your delivery.

We think you need these skills to ace Delegated Authority Analyst

Analytical Skills
Bordereaux Management
Data Quality Assurance
Financial Reconciliation
Problem-Solving Skills
Communication Skills
Project Coordination
Time Management
Technical Knowledge of Bordereaux Systems
Familiarity with Lloyd's and the London Insurance Market
Microsoft Office Proficiency
Stakeholder Management
Attention to Detail
Collaboration Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in delegated authority or bordereaux management. Emphasise your familiarity with the London Insurance Market and any specific systems you've worked with, such as DDM.

Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your analytical skills and experience with data quality checks align with the responsibilities of the Delegated Authority Analyst position.

Highlight Communication Skills: Since effective communication is key for this role, provide examples in your application that demonstrate your ability to manage relationships and present complex issues clearly. This will show you can collaborate effectively with both internal and external teams.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial for the role of a Delegated Authority Analyst.

How to prepare for a job interview at Finitas

✨Know Your Bordereaux Basics

Make sure you understand the fundamentals of bordereaux management and delegated authority. Brush up on key terms and processes, as this will help you speak confidently about your relevant experience during the interview.

✨Demonstrate Analytical Skills

Prepare to showcase your analytical skills by discussing specific examples where you've identified trends or resolved data issues. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.

✨Familiarise Yourself with Lloyd's Market

Since familiarity with Lloyd’s and the London Insurance Market is crucial, do some research on current trends and challenges in the industry. This knowledge will not only impress your interviewers but also show your genuine interest in the role.

✨Practice Clear Communication

Given the importance of effective communication in this role, practice articulating complex issues clearly and concisely. Consider conducting mock interviews with a friend to refine your presentation skills and ensure you can convey your thoughts confidently.

Delegated Authority Analyst
Finitas
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