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 a commitment to diversity.
- Other info: Great opportunity for career growth in a collaborative team.
- Why this job: Make an impact in a dynamic role while developing your skills in a supportive environment.
- Qualifications: Experience in Lloyd’s market and strong communication skills are essential.
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 in London employer: Chaucer
Chaucer is an exceptional employer that prioritises employee growth and development within a dynamic and inclusive work culture. Located in the heart of the London Market, we offer our Delegated Authority Oversight Analysts the opportunity to engage with diverse stakeholders while ensuring compliance with industry standards. Our commitment to flexibility and diversity ensures that every team member feels valued and empowered to contribute meaningfully to our success.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Oversight Analyst in London
✨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 help you stand out.
✨Tip Number 2
Prepare for the interview by knowing your stuff! Brush up on Lloyd’s systems and regulatory requirements related to Delegated Authority. Show us you’re not just a candidate, but someone who’s genuinely interested in making an impact.
✨Tip Number 3
Practice your communication skills! Since stakeholder engagement is key, think about how you can demonstrate your ability to communicate effectively during the interview. Role-play with a friend if you need to!
✨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 you’re serious about joining the team at Chaucer.
We think you need these skills to ace Delegated Authority Oversight Analyst in London
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 experience with stakeholder engagement.
Showcase Your Skills:We love seeing candidates who can demonstrate their advanced Microsoft skills and organisational abilities. Include specific examples of how you’ve used these skills in previous roles, especially in relation to compliance and oversight.
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s the easiest way for us to keep track of your application and ensure it gets the attention it deserves!
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 different teams or external partners. Be ready to share how you managed relationships and resolved any issues that arose.
✨Master the Tools of the Trade
Familiarise yourself with the systems mentioned in the job description, like Atlas and DCOM. If you have experience using them, be prepared to discuss specific tasks you’ve completed using these tools to demonstrate your proficiency.
✨Organise Your Thoughts
With the role requiring strong organisational skills, practice articulating your thought process clearly. Use the STAR method (Situation, Task, Action, Result) to structure your answers, especially when discussing past experiences related to compliance and oversight.
