At a Glance
- Tasks: Support management of delegated authority business and ensure compliance with internal standards.
- Company: Join a leading insurance firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic role with excellent career advancement potential.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Experience in Lloyd's market and strong communication skills required.
The predicted salary is between 40000 - 50000 £ per year.
The DA Oversight Analyst will support 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 Responsibilities
- 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
- Effective communication skills
- 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+
Delegated Authority Oversight Analyst employer: Chaucer Underwriting Services Limited
Chaucer is an exceptional employer that prioritises employee development and engagement, particularly in the dynamic field of delegated authority oversight. With a strong commitment to compliance and regulatory excellence, employees benefit from a collaborative work culture that fosters professional growth and offers unique opportunities to engage with both Lloyd's syndicate and company market platforms. Located in the heart of London, Chaucer provides a vibrant environment where innovative thinking and stakeholder collaboration are highly valued.
Contact Details:
Chaucer Underwriting Services Limited Recruitment Team
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 folks in the Lloyd's and London Market space. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of regulatory frameworks and compliance standards. We recommend doing mock interviews with friends or using online platforms to get comfortable with common questions related to Delegated Authority Oversight.
✨Tip Number 3
Showcase your skills! Create a portfolio that highlights your experience with onboarding due diligence and quality assurance checks. This will help you stand out and demonstrate your expertise in managing delegated authority business.
✨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, we love seeing candidates who are proactive about their job search!
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 in Lloyd's and any relevant regulatory knowledge. We want to see how your skills match 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 aligns with our needs. Keep it engaging and personal – we love a bit of personality!
Showcase Your Communication Skills:Effective communication is key in this role, so make sure to demonstrate your communication skills in your application. Whether it's through clear language or structured formatting, show us you can convey information effectively.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role right there!
How to prepare for a job interview at Chaucer Underwriting Services Limited
✨Know Your Regulatory Stuff
Make sure you brush up on the regulatory frameworks relevant to the role, like FCA and CBI. Being able to discuss how these regulations impact delegated authority will show that you're not just familiar with the basics but also understand the nuances of compliance.
✨Showcase Your Stakeholder Engagement Skills
Prepare examples of how you've effectively engaged with stakeholders in previous roles. Whether it's internal teams or external partners, demonstrating your communication skills and ability to build relationships will be key to impressing the interviewers.
✨Get Familiar with Lloyd's Systems
Since the job involves using systems like Atlas and DCOM, it’s a good idea to familiarise yourself with them beforehand. If you have experience with these tools, be ready to share specific instances where you used them to achieve results.
✨Organise Your Thoughts
With strong organisational and time management skills being crucial for this role, think about how you can demonstrate these traits during the interview. You might want to prepare a brief overview of how you prioritise tasks and manage deadlines in your current or past roles.
