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- Tasks: Support the audit function by scheduling, reviewing reports, and liaising with stakeholders.
- Company: Join Arch UK, a collaborative company that inspires progress and enables possibilities.
- Benefits: Enjoy a dynamic work culture with opportunities for growth and development.
- Why this job: Be part of a team solving complex problems while working with talented colleagues.
- Qualifications: Degree level education preferred; strong analytical and communication skills required.
- Other info: Ideal for those with a passion for auditing and delegated authorities.
The predicted salary is between 36000 - 60000 £ per year.
Audit Analyst, Delegated Underwriting Authority
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibilityâ„ .
Role Summary and Purpose
- To support the Delegated Underwriting Authority Audit Manager in overseeing the coverholder audit function of Arch UK
Key Tasks and Responsibilities
- Assist in maintaining the coverholder audit schedule
- Assist in the scheduling and scoping of audits
- Assist in the review of audit reports and identifying required follow up actions to be issued to the coverholder
- Monitor the timely receipt of audit reports and record their findings and recommendations in Arch internal systems and Lloyd\’s Delegated Audit Management system where required
- Manage the DUA Audit mailbox
- Liaise with internal and external stakeholders to ensure remediation of findings and recommendations, updating Arch and Lloyd\’s systems to assist with monitoring progress
- Maintain Arch approved auditors list and associated auditor Terms of Business Agreements
- Maintain the Arch coverholder and binding authority management system
- Liaise with Arch Compliance team where High Conduct Risk products are sold under binding authority arrangements
Role Requirements & Skills
- An understanding of delegated authority contracts and the governance process around these
- Prior experience undertaking audits and/or reviewing audit reports desirable
- MS Office, Excel intermediate
- Demonstrated project management skills
- Excellent communications skills, both verbal and written
- Strong interpersonal and team working skills
Ability to review significant quantities of information, identifying and extracting key issues
Qualifications
- Degree level education preferred, \”A\” Level education minimum or equivalent relevant professional qualification
- Strong analysis and data processing skills
- Knowledge of Lloyd\’s structure and policies in delegated underwriting
Experience
- At least one year\’s experience working within delegated authorities, preferably within a delegated underwriting team.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn\’t the right fit but you\’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch\’s Talent Acquisition team.
14100 ARCH UK ACCOUNT SET – TO BE USED FOR Q1 PAYROLL ONLY – Arch Europe Insurance Services Ltd
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Audit Analyst, Delegated Underwriting Authority employer: Arch Capital Group
Contact Detail:
Arch Capital Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Audit Analyst, Delegated Underwriting Authority
✨Tip Number 1
Familiarise yourself with the specific audit processes and governance related to delegated authority contracts. Understanding these nuances will help you engage in meaningful conversations during interviews and demonstrate your knowledge of the role.
✨Tip Number 2
Network with professionals already working in audit roles, especially within delegated underwriting teams. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Brush up on your project management skills, as this role requires strong organisational abilities. Consider taking a short course or obtaining a certification that showcases your capability to manage multiple tasks effectively.
✨Tip Number 4
Prepare to discuss your experience with data analysis and report review in detail. Be ready to provide examples of how you've identified key issues in past roles, as this will highlight your analytical skills and suitability for the position.
We think you need these skills to ace Audit Analyst, Delegated Underwriting Authority
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Audit Analyst position. Familiarise yourself with delegated authority contracts and the audit process to tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasise any prior experience you have in auditing or working with delegated authorities. Mention specific projects or tasks that demonstrate your skills in this area.
Showcase Communication Skills: Since the role requires excellent communication skills, provide examples in your application that illustrate your ability to liaise with stakeholders and work collaboratively within a team.
Tailor Your Application: Customise your CV and cover letter for this specific role at Arch. Use keywords from the job description, such as 'audit reports', 'project management', and 'data processing', to ensure your application stands out.
How to prepare for a job interview at Arch Capital Group
✨Understand the Role
Make sure you have a solid grasp of what an Audit Analyst in Delegated Underwriting Authority does. Familiarise yourself with the key tasks and responsibilities outlined in the job description, such as maintaining audit schedules and liaising with stakeholders.
✨Showcase Your Experience
Be prepared to discuss your previous experience with audits or reviewing audit reports. Highlight any relevant projects you've managed and how they relate to the role, especially if you have experience within delegated authorities.
✨Demonstrate Communication Skills
Since excellent communication skills are crucial for this role, practice articulating your thoughts clearly. Be ready to provide examples of how you've effectively communicated with team members or external stakeholders in past roles.
✨Prepare Questions
Have a few insightful questions ready to ask at the end of the interview. This shows your interest in the company and the role, and it gives you a chance to learn more about their culture and expectations.
