At a Glance
- Tasks: Support management of delegated authority business and ensure compliance with internal standards.
- Company: Join Chaucer, a leading global insurer with a diverse and inclusive culture.
- Benefits: Enjoy flexible hybrid work, extensive benefits, and wellbeing support.
- Other info: Great career growth opportunities in a successful, expanding company.
- Why this job: Make an impact in a dynamic environment while developing your skills in the insurance industry.
- Qualifications: Experience in Lloyd's market and strong organisational skills required.
The predicted salary is between 40000 - 50000 £ per year.
The DA Oversight Analyst will be responsible for supporting the effective management and oversight of delegated authority business across Chaucer, covering both Lloyd's syndicate and company market platforms. The role supports underwriting teams in ensuring full compliance with Chaucer's internal standards and regulatory requirements. Strong stakeholder engagement - both internal and external - is essential to the success of the wider Delegated Authority Oversight function.
Job Description
- Complete onboarding due diligence reviews for new Coverholders to Chaucer, including new Coverholder sponsorships to Lloyd's and Central Bank of Ireland (CBI).
- Perform renewal due diligence checks for existing Coverholders in line with Chaucer's DA framework.
- Undertake Pre-Bind Quality Assurance checks for all new and renewing delegated authority business; including binding authorities, lineslips, consortia and master policy arrangements.
- Support the team in maintaining adherence to the control framework while meeting agreed SLAs and KPIs through accurate, timely and consistent delivery of tasks.
- Monitor and triage queries sent to the centralised team mailbox, responding to queries promptly and escalating where required.
- Manage endorsement requests, including any associated ATLAS tasks.
Regulatory Responsibilities
- Ensure all delegated arrangements comply with Lloyd's, internal Chaucer standards, and relevant regulatory frameworks (e.g., FCA, CBI).
- Demonstrate a clear understanding of regulatory requirements relating to Delegated Authority, Conduct (including Consumer Duty), Compliance, and Financial Crime.
Skills and Competencies
- Lloyd's / London Market experience
- Advanced Microsoft skills - Word, Excel & PowerPoint
- Strong organisational and time management skills
- Experience and knowledge of Lloyd's systems including Atlas, DCOM, LWR and Crystal+
Why Join Chaucer?
Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk - from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are. We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success. We offer:
- A flexible hybrid work model that supports individual and team needs.
- A diverse, inclusive culture that values people for who they are.
- Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
Delegated Authority Oversight Analyst employer: Chaucer Group
Chaucer is an exceptional employer, offering a dynamic work environment in the heart of London, where you can thrive as a Delegated Authority Oversight Analyst. With a strong commitment to employee growth, we provide extensive benefits including flexible working arrangements, comprehensive health coverage, and a culture that celebrates diversity and inclusion. Join us to be part of a leading global insurer that values your contributions and supports your professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Oversight Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at Chaucer or have connections there. 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 Chaucer's values and recent news. Show us that you’re not just another candidate but someone who genuinely cares about what we do and how we operate in the Lloyd's market.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to compliance and regulatory frameworks. We want to see that you understand the importance of these aspects in the Delegated Authority Oversight role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re serious about joining the team at Chaucer.
We think you need these skills to ace Delegated Authority Oversight Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Delegated Authority Oversight Analyst role. Highlight your experience with Lloyd's systems and any relevant regulatory knowledge. We want to see how your skills align 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 background makes you a great fit. Don’t forget to mention your stakeholder engagement skills, as they’re key for us.
Showcase Your Organisational Skills:In this role, strong organisational and time management skills are a must. Use specific examples in your application to demonstrate how you've successfully managed multiple tasks or projects in the past. We love seeing that kind of initiative!
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application goes directly to us. Plus, you’ll get to explore more about our culture and values while you’re at it!
How to prepare for a job interview at Chaucer Group
✨Know Your Regulatory Stuff
Make sure you brush up on the regulatory requirements related to Delegated Authority, especially those from Lloyd's and the FCA. Being able to discuss these confidently will show that you understand the compliance landscape and can navigate it effectively.
✨Showcase Your Stakeholder Engagement Skills
Prepare examples of how you've successfully engaged with stakeholders in previous roles. This could be through managing queries or collaborating with teams. Highlighting your communication skills will demonstrate your ability to thrive in a role that requires strong internal and external relationships.
✨Familiarise Yourself with Key Systems
Get to grips with the systems mentioned in the job description, like Atlas and DCOM. If you have experience with them, be ready to share specific instances where you used these tools to enhance your work. If not, do a bit of research to show your willingness to learn.
✨Organisational Skills are Key
Since the role involves managing multiple tasks and adhering to SLAs and KPIs, prepare to discuss how you prioritise and organise your workload. Share techniques or tools you use to stay on top of your tasks, as this will highlight your time management abilities.
