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- Tasks: Support assurance processes for delegated authority partners and ensure compliance with policies.
- Company: Join Canopius, a leading player in the insurance market with a collaborative culture.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Experience in delegated underwriting and strong analytical skills required.
- Other info: Dynamic team environment with opportunities to mentor junior analysts.
The predicted salary is between 36000 - 60000 £ per year.
As a Senior Analyst within the Delegated Authority Management team for Canopius UK Operations, you will support the assurance process for delegated authority partners including Coverholders, Delegated Claims Administrators (DCAs), and Product Partners. You will contribute to onboarding, contract reviews, and ongoing oversight activities, ensuring compliance with Canopius Delegated Underwriting and Claims policies.
You will support underwriters in the growth of the delegated book by facilitating effective onboarding and renewal processes, providing technical advice and identifying compliant solutions. You will collaborate with wording specialists during new contract negotiations and with the Coverholder and internal SMEs, including but not limited to, Complaints and Conduct teams to ensure alignment and regulatory compliance.
You will also be involved in bespoke applications where deep knowledge of delegated authority is essential, and you will oversee the day-to-day activities of junior members and analysts within the team.
Reporting to the Delegated Authority Assurance manager, you will work closely with them and other internal teams to uphold governance standards and mitigate operational risks across the Delegated Authority Portfolio.
Key Responsibilities:- Responsibility for completion of due diligence and submission of new applications to Lloyd's, including UK, EEA, and International Coverholders, DCAs and Product Partners.
- Conduct technical risk assessment reviews, ensuring partners meet required standards.
- Support underwriting and claims teams with delegated authority queries and approval processes.
- Perform pre- and post-bind reviews for binders, line slips, master policies, and consortia to ensure procedural and regulatory compliance.
- Participate in bespoke applications where deep knowledge of delegated authority is essential.
- Collaborate with internal teams including Compliance, Operational Resilience, and Cyber Security to ensure effective oversight.
- Engage with complaints and conduct teams to ensure alignment with regulatory and operational standards.
- Monitor regulatory changes and elevate relevant updates to the DA Assurance Manager.
- Oversee junior analysts, provide support in DA Assurance Manager's absence and contribute to team development.
- Deputise for the DA Assurance Manager as needed and directed.
- Prepare data and insights for internal reporting packs.
- Collaborate with wording specialists in new contract negotiations and coverholder arrangements.
- Contribute to the review of DCA Master Agreements.
- Maintain quality and consistency in contract checks through peer reviews.
- Participate in internal change projects and systems testing as a business SME.
- Use Lloyd's systems including Atlas, DCOM, and Insights Hub to support registration and compliance activities.
- Solid understanding of delegated underwriting and claims authority practices, ideally within the Lloyd's market.
- Ability to provide technical expertise and guidance on DA business processes.
- Familiarity with Coverholder and DCA onboarding processes.
- Strong attention to detail and analytical skills.
- Effective communication and interpersonal skills.
- Proficiency in Microsoft Excel and other MS Office tools.
- Strong organisational and time management skills.
- Willingness to learn and take initiative in personal development.
Senior Delegated Authority Assurance Analyst in London employer: Canopius
Contact Detail:
Canopius Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Delegated Authority Assurance Analyst in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at Canopius or similar companies. A friendly chat can open doors and give you insights that might just help you land that Senior Analyst role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of delegated authority practices. Be ready to discuss how your experience aligns with the responsibilities listed in the job description. We want to see your expertise shine!
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've tackled complex problems in previous roles. This will demonstrate your ability to handle the technical risk assessments and compliance checks that are crucial for this position.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Senior Delegated Authority Assurance Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Delegated Authority Assurance Analyst role. Highlight your experience with delegated authority, compliance, and any relevant technical skills. We want to see how your background aligns with what we're looking for!
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 skills can contribute to our team. Be sure to mention specific experiences that relate to the job description.
Showcase Your Analytical Skills: Since this role requires strong analytical skills, make sure to include examples of how you've used these in past roles. Whether it's conducting risk assessments or ensuring compliance, we want to see your thought process in action!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining StudySmarter!
How to prepare for a job interview at Canopius
✨Know Your Delegated Authority Inside Out
Make sure you brush up on your knowledge of delegated underwriting and claims authority practices, especially within the Lloyd's market. Be prepared to discuss specific examples from your experience that demonstrate your understanding and how you've applied this knowledge in previous roles.
✨Showcase Your Analytical Skills
Since attention to detail and analytical skills are crucial for this role, come ready with examples of how you've conducted risk assessments or compliance checks in the past. Highlight any tools or methodologies you used to ensure accuracy and thoroughness in your work.
✨Communicate Effectively
Effective communication is key, so practice articulating your thoughts clearly and concisely. Think about how you can explain complex concepts related to delegated authority to someone who might not be familiar with them. This will show your ability to collaborate with various teams.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and decision-making process. Prepare by thinking through potential challenges you might face in the role and how you would address them, particularly in relation to onboarding and compliance processes.
