At a Glance
- Tasks: Oversee delegated authority portfolio and manage associated risks with proactive audits.
- Company: Dynamic insurance firm focused on innovation and collaboration.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Supportive environment with mentorship opportunities for career advancement.
- Why this job: Join a team that shapes the future of underwriting and makes a real impact.
- Qualifications: Strong knowledge of delegated authority management and effective interpersonal skills.
The predicted salary is between 45000 - 55000 £ per year.
Responsibilities
The Senior Delegated Underwriting Authority Analyst is responsible for the oversight of our delegated authority portfolio and managing associated risks.
This encompasses coverholder due diligence, audit management, and ongoing monitoring.
- Company Details
- Logo
- More Specifically, This Includes
- Effective and timely due diligence into coverholders and third parties (including new, renewal, and Lloyd's coverholder tribunalisations) to ensure compliance with both regulatory and internal requirements.
- Accurate and timely pre-bind reviews of delegated authority contracts.
- Proactive management of our coverholder audit cycle; including planning, scheduling, scoping, auditor liaison, and the remediation of recommendations.
- Accurate peer review of bordereau management system accounts, mappings and validations created by the offshore team, liaising with SMEs as needed.
- Liaising with the Delegated Reporting Manager to ensure that bordereaux are received in a timely manner and to specification.
- Accurate reporting of performance metrics to internal stakeholders, including participating in the Delegated Underwriting Group.
- Supporting wider efforts to ensure that systems, controls and record keeping are in place to deliver the above outcomes.
- Using subject matter knowledge and experience to advise underwriters and troubleshoot issues.
- Supporting the development of more junior members of the team, and deputising for more senior members of the team where requested.
- Facilitation of the underwriter EPI review process
Qualifications
- Strong knowledge of delegated authority management; including due diligence, audit, bordereaux, market systems (e. g. Atlas and DCOM) and regulatory requirements.
- Effective interpersonal skills. Professional and approachable with a ‘can do’ attitude, and the ability to build trust with senior stakeholders.
Delegated Underwriting Authority Analyst in London employer: Berkley Specialty London (a Berkley Company)
Join a respected Lloyd's market insurer that values collaboration and innovation, offering a dynamic work environment where your expertise as a Risk Manager will directly contribute to the enhancement of the enterprise risk management framework. With a strong focus on employee growth, you will have opportunities to engage with senior stakeholders and develop your skills in a supportive culture that prioritises risk awareness and compliance. Located in the heart of London, this role provides a unique chance to be part of a leading organisation committed to business resilience and strategic decision-making.
Contact Details:
Berkley Specialty London (a Berkley Company) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Underwriting Authority Analyst in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Berkley Specialty London (a Berkley Company)). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Berkley Specialty London (a Berkley Company). Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Delegated Underwriting Authority Analyst in London
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 Berkley Specialty London (a Berkley Company).
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Berkley Specialty London (a Berkley Company). 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 Berkley Specialty London (a Berkley Company)
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Berkley Specialty London (a Berkley Company) 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 Berkley Specialty London (a Berkley Company), 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 Berkley Specialty London (a Berkley Company)'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.
