Senior Delegated Authority Analyst

Senior Delegated Authority Analyst

Full-Time 55000 - 65000 £ / year (est.) No working from home possible
Dormont Manufacturing Co

At a Glance

  • Tasks: Support the DA Manager in enhancing processes and ensuring compliance within the Delegated Authority team.
  • Company: Join Talbot, a leading insurance specialist within the Lloyd’s Insurance Market.
  • Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
  • Other info: Opportunity for career growth and mentoring within a supportive team.
  • Why this job: Make a real impact in risk management while growing your skills in a dynamic environment.
  • Qualifications: Experience in Delegated Authority Practices and strong stakeholder management skills required.

The predicted salary is between 55000 - 65000 £ per year.

At Talbot and AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Delegated Authority Analyst to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

Talbot operates within the Lloyd’s Insurance Market through Syndicate 1183 and Syndicate 2019. With an expert team of highly skilled and experienced underwriters and a balanced, geographically diverse portfolio of business, Talbot has earned a reputation as an industry leading insurance specialist. Talbot writes a diversified portfolio including Crisis Management, Energy, Financial Lines, Marine, Political Risk, Property and Terrorism. Drawing on our deep industry expertise, Talbot develops tailored insurance solutions that address clients’ evolving and often unique needs. Syndicate 2019 provides Lloyd’s investors with access to AIG’s Private Client Select (PCS) portfolio. Part of AIG since 2018, Talbot is committed to working with brokers and clients to deliver industry leading solutions. It is headquartered in London with offices in New York and Singapore.

How you will create an impact

  • This is a senior role within the existing DA team to support the DA Manager.
  • Development work on current processes.
  • Development work within the bordereaux management processes.
  • Design improvement to current reporting.
  • On-boarding new Coverholders and Delegated Claims Administrators.
  • Reviewing new business submissions to ensure proposals align with Talbot’s strategy and appetite, ensuring appropriate sign-offs are received.
  • Work collaboratively with the Senior Claims Delegated Authority Analyst to ensure Talbot’s compliance with its Claims Delegated Authority Framework and Lloyd’s Principles for doing business.
  • Ongoing monitoring of Coverholder and DCA performance.
  • Periodic due diligence reviews of Coverholders and Delegated Claims Administrators, in line with the relevant framework.
  • Undertake reviews of Binding Authority Agreements and Delegated Claims Administrator contracts.
  • Assist in the administration of Delegated Authority Audit Programme, including scheduling and scoping of audits.
  • Analyse audit reports, agree recommendations with internal stakeholders and track recommendations through to completion.
  • Liaise with internal and external stakeholders including but not limited to Underwriters, Claims Adjusters, Brokers, External Auditors, Lloyd’s.
  • Support the Product Governance process.
  • Prepare committee packs and attend internal committee meetings where required; you may be expected to present at Committee Meetings when requested by either the Head of Underwriting Management or by the DA Manager.
  • Escalation of Delegated Authority breaches to appropriate forums.
  • Provide technical advice to internal stakeholders on Delegated Authority matters.
  • Develop and maintain effective relationships with Underwriters and other internal stakeholders.
  • Assist in the mentoring of other members of the DA team.
  • You will be expected to provide training throughout the business, with the support of the DA Manager, this will include Lineslip training with both internal and external requirements.

What you’ll need to succeed

  • Experience of Delegated Authority Practices, essential that there is significant knowledge of Lloyd’s processes/Regulatory requirements.
  • Excellent attention to detail.
  • Excellent stakeholder management skills.
  • Knowledge of Conduct Risk and Product Oversight.
  • Ability to manage workload, multi-task and work to tight deadlines.
  • Proactive attitude and good problem‑solving skills.
  • Excellent communicator that has the ability to present to a Senior Management level.

Ready to take your career to the next level? We would love to hear from you.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.

Senior Delegated Authority Analyst employer: Dormont Manufacturing Co

At Talbot and AIG, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation in the heart of London. Our comprehensive Total Rewards Program ensures that our employees' health, wellbeing, and professional growth are prioritised, while the opportunity to work alongside industry experts in the Lloyd’s Insurance Market provides a unique platform for career advancement. Join us to make a meaningful impact in the insurance sector and enjoy the benefits of being part of a forward-thinking team dedicated to excellence.

Dormont Manufacturing Co

Contact Details:

Dormont Manufacturing Co Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Senior Delegated Authority Analyst

Dive Into Industry Networking Events

Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.

Use LinkedIn to Your Advantage

Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Dormont Manufacturing Co). A thoughtful message explaining your interest can really make a difference!

Look Out for Graduate Schemes

Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.

Leverage Your Current Connections

Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Dormont Manufacturing Co. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace Senior Delegated Authority Analyst

Delegated Authority Practices
Knowledge of Lloyd’s Processes
Regulatory Requirements
Attention to Detail
Stakeholder Management
Conduct Risk Knowledge
Product Oversight

Some tips for your application 🫡

Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.

Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.

Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Dormont Manufacturing Co.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Dormont Manufacturing Co. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.

How to prepare for a job interview at Dormont Manufacturing Co

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Dormont Manufacturing Co to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

Prepare for Behavioural Questions

As a full-timer at Dormont Manufacturing Co, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.

Know the Company Culture Inside Out

Understanding Dormont Manufacturing Co's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.