At a Glance
- Tasks: Support governance and compliance for Coverholders and Delegated Claims Administrators.
- Company: Join a dynamic Specialty Insurance business known for its growth and innovation.
- Benefits: Enjoy a competitive salary of £50,000 and a hybrid work model with 4 days in the office.
- Why this job: Be part of a respected Syndicate during an exciting growth phase, enhancing your skills in underwriting.
- Qualifications: 3-4 years in delegated underwriting or compliance; strong analytical and communication skills required.
- Other info: Familiarity with Lloyd's market systems is a plus; collaborative team environment awaits!
The predicted salary is between 40000 - 60000 £ per year.
An exciting Specialty Insurance business is searching for a Delegated Underwriting Analyst to support the governance and oversight of their Coverholders and Delegated Claims Administrators (DCAs). In this role, you will review applications, manage due diligence, coordinate audits and ensure compliance with regulatory requirements while collaborating with teams across Underwriting, Compliance, Finance and Claims.
Key Responsibilities
- Support delegated underwriting governance and regulatory compliance.
- Review Coverholder applications, due diligence, and contracts.
- Coordinate audits, review reports, and track recommendations.
- Produce management reports and MI for internal stakeholders.
- Maintain Lloyd's market systems (Atlas, DCOM, DAM).
- Work on projects and process improvements.
Desired Experience
- Around 3-4 years of experience in delegated underwriting, compliance or risk governance.
- Previous experience of working within the audit space within delegated underwriting.
- A strong analytical, investigative and communicative personality.
- An ability to work independently whilst collaborating with a team.
- A familiar understanding of Lloyds market systems is a plus.
This is an excellent opportunity to join a well-respected Syndicate in what is an exciting period of growth.
Delegated Underwriting Analyst - Coverholders, Delegated Claims employer: Cornwallis Elt Ltd
Contact Detail:
Cornwallis Elt Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Underwriting Analyst - Coverholders, Delegated Claims
✨Tip Number 1
Familiarise yourself with Lloyd's market systems like Atlas, DCOM, and DAM. Understanding these systems will not only help you in the role but also show us that you're proactive and ready to hit the ground running.
✨Tip Number 2
Network with professionals in the delegated underwriting and compliance sectors. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities within our company.
✨Tip Number 3
Brush up on your analytical and investigative skills. Consider taking short courses or workshops that focus on data analysis and risk governance, as these skills are crucial for the role and will make you stand out to us.
✨Tip Number 4
Prepare to discuss your previous experience in audits and compliance during the interview. Be ready to share specific examples of how you've contributed to governance and oversight in your past roles, as this will demonstrate your suitability for the position.
We think you need these skills to ace Delegated Underwriting Analyst - Coverholders, Delegated Claims
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the key responsibilities and desired experience. Tailor your application to highlight how your skills and experiences align with the requirements of a Delegated Underwriting Analyst.
Highlight Relevant Experience: In your CV and cover letter, emphasise your 3-4 years of experience in delegated underwriting, compliance, or risk governance. Provide specific examples of your previous work in audit spaces related to delegated underwriting.
Showcase Analytical Skills: Since the role requires strong analytical and investigative skills, include instances where you successfully analysed data or reports. Mention any tools or systems you are familiar with, especially Lloyd's market systems like Atlas, DCOM, or DAM.
Craft a Compelling Cover Letter: Write a cover letter that not only introduces yourself but also explains why you are passionate about this role. Discuss your ability to work independently while collaborating with teams, and express your enthusiasm for contributing to the company's growth.
How to prepare for a job interview at Cornwallis Elt Ltd
✨Know Your Stuff
Make sure you have a solid understanding of delegated underwriting and the specific responsibilities of the role. Familiarise yourself with Lloyd's market systems like Atlas, DCOM, and DAM, as this knowledge will impress your interviewers.
✨Showcase Your Analytical Skills
Prepare examples that demonstrate your analytical and investigative abilities. Discuss past experiences where you've successfully reviewed applications or coordinated audits, highlighting your attention to detail and problem-solving skills.
✨Emphasise Team Collaboration
While the role requires independent work, it's crucial to show that you can collaborate effectively with various teams. Share instances where you've worked alongside Underwriting, Compliance, or Finance teams to achieve common goals.
✨Prepare Questions
Have thoughtful questions ready for your interviewers about the company's growth and how the Delegated Underwriting Analyst fits into their future plans. This shows your genuine interest in the role and the company.