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- Tasks: Support the Coverholder Audit Manager in ensuring compliance and oversight of audits.
- Company: Join a leading insurance company with a focus on innovation and teamwork.
- Benefits: Enjoy competitive pay, health plans, tuition reimbursement, and flexible working arrangements.
- Why this job: Make an impact in the insurance industry while developing valuable skills and relationships.
- Qualifications: Strong customer service skills and a proactive attitude; degree preferred.
- Other info: Opportunity for career growth and travel to London office three days a week.
The predicted salary is between 36000 - 60000 £ per year.
The role supports the Coverholder Audit Manager and the Head of Delegated Underwriting Operations in ensuring appropriate management and oversight of AXIS’ Coverholder Audit function for all business written into AXIS via Coverholder and MGA arrangements.
What will you do in this role?
- Ensure adherence to the AXIS DUA procedures manual in relation to Coverholder Audits.
- Ensure appropriate and accurate planning and scoping of Coverholder Audits for AMAL & ASE.
- Assist and provide guidance to underwriting teams in relation to Coverholder audits and ensuring compliance with Lloyd’s Minimum Standards and AXIS’ Coverholder audit procedures.
- Liaise with relevant external stakeholders such as Lloyd’s, Coverholders, Brokers, Managing Agents as well as all appropriate internal stakeholders (Underwriters, Delegated Claims, Conduct Risk and Compliance).
- Develop and enhance strong working relationships with our external Coverholder auditors.
- Analyse and process Coverholder Audit Reports ensuring that any recommendations/findings are identified, resolved and/or escalated as appropriate.
- Monitor all outstanding recommendations whilst working with stakeholders to ensure compliance.
- Provide appropriate MI reporting and exception reporting around Coverholder Audits.
- Maintain auditor due diligence documentation as well as undertaking due diligence on new auditors.
- Maintain accurate Dynamics records for all Coverholder Audits undertaken ensuring the capturing of all relevant information.
- Assist with the onboarding of US MGA audits as they come into scope.
- Assist the Coverholder Audit Manager and Head of Delegated Underwriting Operations in identifying and implementing any operational or IT enhancements to the Coverholder audit procedures.
- Represent AXIS on any appropriate Lloyd’s Audit market meetings/forums.
- You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You:
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
- Strong customer service and administrative skills
- Excellent communication and interpersonal skills
- Ability to build trust by operating with integrity and professionalism
- Ability to multitask and manage conflicting priorities
- Ability to use initiative and to be proactive
What we prefer you to have:
- An educational degree
- An understanding of the London Insurance Market
- Previous experience (1+yrs) of Delegated Authority business
Role Factors:
In this role, you will typically be required to travel to the London Office for 3 days a week (current requirement, which is continually evaluated and may be subject to change).
What we offer:
You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.
Coverholder Audit Assistant in London employer: AXIS Capital
Contact Detail:
AXIS Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Coverholder Audit Assistant in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to AXIS or the London Insurance Market. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by researching common questions related to Coverholder Audits. We recommend practising your responses with a friend or in front of a mirror to boost your confidence and ensure you come across as knowledgeable.
✨Tip Number 3
Showcase your customer service and administrative skills during interviews. Use specific examples from your past experiences to demonstrate how you've successfully managed tasks and built relationships in a professional setting.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of our team at AXIS.
We think you need these skills to ace Coverholder Audit Assistant in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Coverholder Audit Assistant role. Highlight any relevant experience in customer service, administration, or the London Insurance Market to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your unique background can contribute to our team. Be genuine and let your personality come through.
Showcase Your Communication Skills: Since this role involves liaising with various stakeholders, make sure your written application demonstrates your excellent communication skills. Clear, concise language will show us you can convey information effectively.
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of being noticed. It’s the easiest way for us to keep track of your application and ensure it gets to the right people!
How to prepare for a job interview at AXIS Capital
✨Know Your Stuff
Make sure you understand the basics of the London Insurance Market and Delegated Authority business. Brush up on AXIS’ Coverholder Audit procedures and Lloyd’s Minimum Standards. This knowledge will help you answer questions confidently and show that you're genuinely interested in the role.
✨Showcase Your Skills
Highlight your customer service and administrative skills during the interview. Be ready to share specific examples of how you've built trust and operated with integrity in previous roles. This will demonstrate that you can handle the responsibilities of the Coverholder Audit Assistant effectively.
✨Prepare for Scenario Questions
Expect questions that assess your ability to multitask and manage conflicting priorities. Think of situations where you successfully juggled multiple tasks or resolved conflicts, and be prepared to discuss these experiences in detail.
✨Build Rapport
Since this role involves liaising with various stakeholders, practice your communication and interpersonal skills. During the interview, engage with your interviewers, ask questions, and show enthusiasm for building strong working relationships. This will leave a positive impression and highlight your suitability for the role.
