At a Glance
- Tasks: Manage Coverholder onboarding and ensure compliance with regulatory standards.
- Company: Chaucer, a leading insurance group at Lloyd’s with a global presence.
- Benefits: Diverse workplace, flexible working arrangements, and opportunities for professional growth.
- Why this job: Join a dynamic team making a real impact in the insurance industry.
- Qualifications: Experience in Lloyd’s market and strong communication skills required.
- Other info: Embrace diversity and be part of an inclusive culture.
The predicted salary is between 36000 - 60000 ÂŁ per year.
The Senior Delegated Authority Analyst is responsible for the effective management of Coverholder onboarding, annual due diligence, and oversight processes for Chaucer Syndicate Limited (CSL). 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. A deep understanding of relevant regulations, including Delegated Authority, Consumer Duty, Compliance, and Financial Crime, is required. The position demands strong organisational, communication, and analytical skills, along with thorough knowledge of Lloyd’s and London Market frameworks.
Key Responsibilities:
- Support and provide guidance to underwriting teams.
- Ensure delegated arrangements comply with regulatory frameworks, including Lloyd’s and Chaucer standards.
- Undertake Pre Bind Quality Slip checks for all new and renewing business.
- Manage onboarding processes for new Coverholders.
- Annual compliance and oversight of all existing Coverholders.
- Manage endorsement requests, including any associated ATLAS tasks.
- Conduct peer reviews of due diligence assessments and provide initial sign-off.
- Identify and mitigate risks associated with delegated business.
- Collaborate with the Group Head of Delegated Oversight to identify high-performing Coverholders and growth opportunities.
- Contribute to strategic updates and operational improvements.
- Maintain awareness of regulatory changes: Monitor updates from Lloyd’s, especially regarding Solvency II and Consumer Protection Code amendments.
- Represent Chaucer, as appropriate, on market forums.
- KPI Reporting.
- Draft papers for committee reporting.
- Provide training on the Delegated Authority function where required.
Regulatory Responsibilities:
- Demonstrates a clear understanding of regulatory requirements relating to Delegated Authority, Conduct (including Consumer Duty), Compliance, and Financial Crime.
Skills and Competencies:
- Relevant Lloyd’s / London Market experience preferably.
- Effective communication skills.
- Advanced Microsoft skills – Word, Excel & PowerPoint.
- Strong organisational / time management skills.
- Experience and knowledge of Atlas, Crystal and DCOM.
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 Officer employer: Chaucer
Contact Detail:
Chaucer Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Authority Oversight Officer
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those connected to Chaucer. LinkedIn is your best mate here—send personalised messages and ask for informational chats. You never know who might help you land that interview!
✨Tip Number 2
Prepare for the interview by diving deep into Chaucer’s values and recent news. Show us you’re not just another candidate; demonstrate your passion for the role and how you can contribute to our Delegated Authority Oversight function. Bring your A-game!
✨Tip Number 3
Practice makes perfect! Get a friend or mentor to do mock interviews with you. Focus on articulating your understanding of regulatory frameworks and your experience in the Lloyd’s market. The more comfortable you are, the better you’ll perform!
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can go a long way. It shows us you’re genuinely interested in the position and keeps you fresh in our minds as we make decisions.
We think you need these skills to ace Delegated Authority Oversight Officer
Some tips for your application 🫡
Know the Role Inside Out: Before you start writing, make sure you really understand what the Delegated Authority Oversight Officer role entails. Dive into the job description and highlight key responsibilities and skills. This will help you tailor your application to show how you fit the bill!
Show Off Your Skills: When you're crafting your application, don’t just list your experience—show how it relates to the job! Use specific examples that demonstrate your organisational, communication, and analytical skills. We want to see how you can bring value to our team at Chaucer.
Be Authentic: Let your personality shine through in your application! We’re looking for genuine candidates who are passionate about the insurance industry and our mission at Chaucer. Don’t be afraid to express why you’re excited about this opportunity.
Apply Through Our Website: Make sure to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, you’ll find all the info you need about the application process there!
How to prepare for a job interview at Chaucer
✨Know Your Regulations
Make sure you brush up on the relevant regulations like Delegated Authority, Consumer Duty, and Compliance. Being able to discuss these confidently will show that you understand the framework within which Chaucer operates.
✨Showcase Your Stakeholder Skills
Prepare examples of how you've engaged with stakeholders in the past. Whether it's internal teams or external partners, demonstrating your ability to communicate effectively will be key to showing you can support underwriting teams.
✨Be Organised and Analytical
Since the role requires strong organisational skills, come prepared with a structured approach to problem-solving. Think of scenarios where you identified risks and how you mitigated them—this will highlight your analytical capabilities.
✨Familiarise Yourself with Tools
If you have experience with tools like Atlas, Crystal, or DCOM, make sure to mention it. If not, do a bit of research so you can speak about how you would use these tools in the role. This shows you're proactive and ready to hit the ground running.