At a Glance
- Tasks: Support management of Underwriting Agreements and gain exposure to Treaty Reinsurance operations.
- Company: Established London Market broker with a growing specialist reinsurance team.
- Benefits: Competitive salary up to £50,000, hybrid work model, and career development opportunities.
- Other info: Join at an exciting stage of development and enhance your career in the London Market.
- Why this job: Broaden your technical experience in a dynamic and newly created reinsurance team.
- Qualifications: Minimum 2 years in insurance/reinsurance, knowledge of Delegated Authority, and strong Excel skills.
The predicted salary is between 54000 - 66000 £ per year.
Are you already working within Delegated Authority and looking for a role that will give you the opportunity to broaden your technical experience? We are working with an established specialist London Market broker that is continuing to grow and has recently created a new specialist reinsurance team. As part of that growth, they are looking for a Delegated Authority & Reinsurance Technician to join the team. This is a particularly interesting opportunity for someone who already has a good grounding in Delegated Authority, binders and London Market processes, but doesn't necessarily want their next move to be more of the same.
Alongside supporting the management of Delegated Authority arrangements, you will have the opportunity to develop your knowledge and experience of Treaty Reinsurance operations, giving you broader exposure across both insurance and reinsurance.
What will you be doing?
- Supporting the management of new and existing Underwriting Agreements, including binders, Binding Authorities, Coverholder appointment agreements and consortia
- Drafting and reviewing Underwriting Agreements and recommending amendments where required
- Processing endorsements and changes to existing agreements
- Assisting with the approval and registration of agreements using Lloyd's and London Market systems including ATLAS and DCOM
- Supporting Coverholder approvals, due diligence and ongoing Lloyd's compliance requirements
- Assisting with the preparation and distribution of risk bordereaux
- Maintaining internal trackers, records and reporting
- Producing MI to support the management and oversight of Underwriting Agreements
- Supporting Treaty Reinsurance accounting and processing across a variety of clients and accounts
- Gaining exposure to areas including profit commissions, reinstatements and loss ratio calculations
What are we looking for?
This could suit someone who has built the foundations of their London Market career and is ready for a role that will expand their experience. Ideally, you will have:
- A minimum of 2 years' experience within the insurance or reinsurance market
- Knowledge of binders and Delegated Authority practices
- Experience using Lloyd's/London Market systems such as ATLAS and DCOM
- Strong attention to detail and organisational skills
- Confidence working independently as well as within a small team
- Good communication and relationship-building skills
- Strong Excel and general Microsoft Office skills
Previous experience within a broker, MGA would be particularly relevant. Experience of LORS and Treaty Reinsurance processing would be advantageous but is not essential.
Why consider it?
Rather than leaving one Delegated Authority position simply to do the same job somewhere else, this gives you the opportunity to use the experience you've already built while adding something new to it. You'll be joining a newly created specialist reinsurance team at an early stage of its development, with the opportunity to broaden your technical knowledge across Delegated Authority and Treaty Reinsurance. For someone who enjoys the technical side of the London Market but wants to continue developing and broaden their experience, this could be a really interesting next step.
Salary: Up to £50,000
Location: London
Hybrid: 3 days in the office
Delegated Authority Analyst (Reinsurance) employer: als recruitment Limited
Join a dynamic and growing specialist London Market broker that values employee development and offers a collaborative work culture. As a Delegated Authority Analyst, you'll not only enhance your technical skills in Delegated Authority and Treaty Reinsurance but also enjoy the benefits of a hybrid working model, competitive salary, and the chance to be part of a newly established team where your contributions will directly impact its success. This role is perfect for those looking to expand their career in a supportive environment that encourages continuous learning and professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Analyst (Reinsurance)
✨Dive Into Industry Networking Events
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We think you need these skills to ace Delegated Authority Analyst (Reinsurance)
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at als recruitment Limited.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at als recruitment Limited. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at als recruitment Limited
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at als recruitment Limited to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at als recruitment Limited, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding als recruitment Limited's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
