At a Glance
- Tasks: Support management of delegated authority business and ensure compliance with internal standards.
- Company: Join Chaucer, a diverse and inclusive company in the insurance sector.
- Benefits: Flexible working arrangements, competitive salary, and opportunities for professional growth.
- Other info: Be part of a culture that values diversity and promotes respect.
- 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 communication 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 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+
Equal Opportunity Statement: Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Delegated Authority Oversight Analyst employer: Chaucer
Chaucer is an exceptional employer, offering a dynamic work environment in the heart of London’s insurance market. With a strong commitment to diversity and inclusion, employees benefit from a culture that values individual contributions and promotes professional growth through comprehensive training and development opportunities. The role of Delegated Authority Oversight Analyst not only provides meaningful engagement with key stakeholders but also ensures compliance with industry standards, making it a rewarding position for those looking to advance their careers in a supportive and innovative setting.
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 industry, especially those who work at Chaucer or have connections there. A friendly chat can open doors and give you insights that might just help you stand out.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of Lloyd’s and regulatory frameworks. Show us you know your stuff about Delegated Authority and how it all fits into Chaucer’s operations. Confidence is key!
✨Tip Number 3
Don’t forget to showcase your organisational skills! During the interview, share examples of how you’ve managed multiple tasks or projects effectively. We love hearing about your time management hacks!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the Chaucer team.
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 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 perfect fit. Don’t forget to mention your strong communication skills and organisational abilities.
Showcase Your Stakeholder Engagement Skills:Since stakeholder engagement is key for this role, be sure to include examples of how you've successfully worked with both internal and external stakeholders in the past. We love seeing collaboration in action!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. Let’s get started on this journey together!
How to prepare for a job interview at Chaucer
✨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 landscape and can navigate it effectively.
✨Showcase Your Stakeholder Skills
Since strong stakeholder engagement is key, think of examples where you've successfully communicated with both internal and external parties. Be ready to share how you managed relationships and resolved any issues that arose.
✨Demonstrate Your Organisational Skills
Prepare to discuss how you manage your time and tasks, especially when dealing with multiple deadlines. Use specific examples from your past experiences to illustrate your ability to stay organised and meet SLAs and KPIs.
✨Familiarise Yourself with Relevant Tools
Get comfortable with the tools mentioned in the job description, like ATLAS and DCOM. If you have experience with them, be sure to highlight it. If not, do a bit of research so you can speak about them intelligently during the interview.
