At a Glance
- Tasks: Take charge of delegated authority management and drive process improvements.
- Company: Leading specialty insurance business with a supportive team culture.
- Benefits: Genuine decision-making responsibility and broad stakeholder exposure.
- Other info: Opportunity for professional growth and influence in underwriting activities.
- Why this job: Make a real impact in a visible role within the insurance industry.
- Qualifications: Experience in delegated authority and strong stakeholder management skills.
The predicted salary is between 45000 - 55000 £ per year.
A leading specialty insurance business is seeking an experienced Delegated Authority professional to join its established delegated underwriting function. This is a visible and influential position offering significant ownership across the approval, oversight and ongoing management of delegated arrangements. Working closely with underwriting teams, senior stakeholders and external market participants, you will help ensure that coverholders, binding authorities and other facilities are managed effectively and in accordance with regulatory expectations, internal governance and commercial objectives. Alongside business-as-usual delegated authority activity, the position offers meaningful involvement in projects, process improvement and wider transformation initiatives. It would suit someone who combines strong technical knowledge with the confidence to make decisions, challenge constructively and act as a trusted partner to underwriting teams.
Key responsibilities
- Take ownership of the review and approval of new coverholders, binding authorities and broker agreements.
- Manage complex coverholder applications, including engagement with relevant market bodies.
- Review and approve binding authority renewals across a range of delegated arrangements.
- Provide advice and oversight in relation to facilities such as lineslips, consortium arrangements and master policies.
- Partner closely with underwriting teams on delegated authority requirements, risks and operational matters.
- Lead oversight activity across coverholders, binders, brokers and other third-party arrangements.
- Act as an escalation point for complex delegated authority queries and issues.
- Identify, manage and support the resolution of breaches, audit actions and problem cases.
- Monitor the quality and consistency of work delivered across internal and outsourced teams.
- Produce clear and insightful reporting for underwriting stakeholders and governance forums.
- Drive improvements to delegated underwriting processes, controls and ways of working.
- Support the implementation of regulatory developments, new systems and business-wide change initiatives.
- Promote consistency, collaboration and best practice across the wider business.
Experience required
- Strong experience within delegated authority, delegated underwriting management or a closely related London Market function.
- Detailed knowledge of coverholder approvals, binding authorities and delegated arrangement renewals.
- Experience handling complex applications and liaising with Lloyd’s or other relevant market bodies.
- Good understanding of Lloyd’s, FCA and broader regulatory requirements relating to delegated underwriting.
- The confidence and judgement to approve arrangements, manage risk and escalate issues appropriately.
- Strong stakeholder management skills, with experience working closely with underwriters and senior management.
- The ability to challenge constructively while maintaining positive working relationships.
- Experience contributing to process improvement, governance enhancement or operational change.
- Strong analytical skills, including the ability to identify trends, anomalies and areas of concern within data.
- Excellent organisational skills and the ability to manage competing priorities with limited supervision.
- ACII qualification or progress towards a relevant professional qualification would be advantageous.
This is an excellent opportunity to join a respected and supportive team with strong relationships across the underwriting business. The position offers genuine decision-making responsibility, broad stakeholder exposure and the opportunity to influence how delegated underwriting activity is managed and developed.
Delegated Authority Business Partner in City of London employer: Eames Consulting
Eames Consulting is an exceptional employer that fosters a collaborative and innovative work culture, ideal for actuaries looking to make a significant impact in portfolio management. With a strong emphasis on employee growth, we offer ample opportunities for professional development and mentorship, all while enjoying the vibrant atmosphere of London. Our competitive salary package and hybrid working model ensure a balanced and rewarding work experience.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Business Partner in City of London
✨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 Eames Consulting). 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 Eames Consulting. 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 Delegated Authority Business Partner in City of London
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 Eames Consulting.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Eames Consulting. 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 Eames Consulting
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Eames Consulting 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 Eames Consulting, 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 Eames Consulting'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.
