Delegated Authority Assurance Analyst
Delegated Authority Assurance Analyst

Delegated Authority Assurance Analyst

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

  • Tasks: Support assurance processes for delegated authority partners and ensure compliance with standards.
  • Company: Join Canopius, a leading player in the insurance industry with a focus on growth.
  • Benefits: Competitive salary, flexible working options, and opportunities for professional development.
  • Why this job: Make a real impact by ensuring compliance and supporting governance in a dynamic environment.
  • Qualifications: Analytical skills and attention to detail; experience in compliance or assurance is a plus.
  • Other info: Be part of a collaborative team with excellent career progression opportunities.

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

The Role

As a member of the Delegated Authority Management team within Canopius UK Operations, the Delegated Authority Assurance Analyst will support the end-to-end assurance process for Canopius’ delegated authority partners including Coverholders, Delegated Claims Administrators and Product Partners. This includes supporting processes such as onboarding and ongoing oversight of Coverholders and Delegated Claims Administrators (DCAs), as well as assisting with the inception and renewals of their delegated authority contracts and master agreements. The role contributes towards the effective oversight of all delegated authority assurance operations, ensuring delivery is in line with Canopius Delegated policies, as well as other internal guidelines. The main goal of the Delegated Authority Management function is to provide governance, frameworks, and controls for the Delegated Authority Portfolio to reduce risks and support the company’s growth plans.

Key Responsibilities

  • Complete assurance reviews of Coverholders & Delegated Claims Administrators (DCAs) to ensure compliance with Lloyd’s and Canopius standards.
  • Conduct pre- & post-bind reviews for lead and follow binders, consortiums and line slips in line with Canopius policies, regulatory requirements and best practice.
  • Track all DCA appointments & produce/deliver DCA claims endorsements.
  • Support with the due diligence, preparation, and submission of new applications to Lloyd’s, for UK, EEA, and International Coverholders and DCAs.

Delegated Authority Assurance Analyst employer: Canopius

Canopius UK Operations is an exceptional employer that prioritises employee development and fosters a collaborative work culture. As a Delegated Authority Assurance Analyst, you will benefit from comprehensive training opportunities and a supportive environment that encourages professional growth, all while being part of a dynamic team dedicated to ensuring compliance and governance in the insurance sector.
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Contact Detail:

Canopius Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Delegated Authority Assurance Analyst

✨Tip Number 1

Network like a pro! Reach out to people in the industry, especially those connected to Canopius. 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 understanding the role inside out. Brush up on delegated authority processes and compliance standards. We want you to show them you’re not just a fit, but the perfect fit!

✨Tip Number 3

Practice makes perfect! Do mock interviews with friends or use online resources. The more comfortable you are talking about your skills and experiences, the better you'll shine during the real deal.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the team at Canopius.

We think you need these skills to ace Delegated Authority Assurance Analyst

Assurance Process Management
Compliance Review
Contract Management
Risk Management
Governance Frameworks
Regulatory Knowledge
Due Diligence
Data Tracking
Communication Skills
Attention to Detail
Analytical Skills
Project Coordination
Stakeholder Engagement

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the role of Delegated Authority Assurance Analyst. Highlight relevant experience and skills that align with the responsibilities mentioned in the job description. We want to see how you can contribute to our team!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background fits with our goals at Canopius. Keep it engaging and personal – we love a bit of personality!

Showcase Your Attention to Detail: In this role, attention to detail is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to present their best selves, so double-check everything before hitting send!

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy – just a few clicks and you’re done!

How to prepare for a job interview at Canopius

✨Know Your Stuff

Make sure you understand the ins and outs of delegated authority management. Brush up on compliance standards, especially those related to Lloyd’s and Canopius. Being able to discuss these topics confidently will show that you're serious about the role.

✨Showcase Your Analytical Skills

As a Delegated Authority Assurance Analyst, you'll need strong analytical skills. Prepare examples from your past experiences where you've successfully conducted reviews or assessments. This will help demonstrate your ability to track DCA appointments and ensure compliance.

✨Ask Smart Questions

Prepare thoughtful questions about the company’s governance frameworks and how they manage risks within their delegated authority portfolio. This shows your interest in the role and helps you gauge if the company is the right fit for you.

✨Be Ready for Scenario-Based Questions

Expect questions that put you in real-life scenarios related to onboarding Coverholders or conducting assurance reviews. Practise how you would handle these situations, focusing on your problem-solving approach and adherence to policies.

Delegated Authority Assurance Analyst
Canopius

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