At a Glance
- Tasks: Manage and optimise Delegated Underwriting Authority operations with a focus on data management and reporting.
- Company: Join a leading firm in the insurance industry with a commitment to innovation.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative team culture with opportunities to work on innovative projects.
- Why this job: Be a key player in ensuring compliance and driving efficiencies in a dynamic environment.
- Qualifications: Strong attention to detail and experience in data management or insurance operations.
The predicted salary is between 40000 - 50000 £ per year.
Role Purpose
The DUA Analyst manages and optimise The Business's Delegated Underwriting Authority (DUA) and binder operations.
The role is responsible for delivering high-quality data management, robust bordereaux validation, and comprehensive reporting across our binding authorities.
Acting as a key bridge between broking teams, Coverholders, and Managing Agents, this position ensures full compliance with market standards while driving operational efficiencies through system administration and innovative API integration projects.
Key Responsibilities
- Prepare new and renewal Delegated Underwriting Authority contracts (binders) alongside broking teams, ensuring technical precision before presentation.
- Review team members’ draft binders meticulously prior to broker or underwriter review.
- Draft endorsements for existing binders, submit slips/endorsements to Velonetic, and process DCOM submissions.
- Maintain clear communication channels with Coverholders and Managing Agents regarding placement needs.
- Manage Atlas platforms on behalf of Coverholders to guarantee Annual Compliance.
- Independently investigate and clear complex Velonetic processing queries, supporting team members with technical bottlenecks.
- Validate that all incoming datasets adhere strictly to mandated Lloyd's 5.2 Reporting Standards.
- Upload and validate written, premium, and claims bordereaux in Intrali (Vipr), writing new system validation rules for complex contract terms.
- Prepare LPANs, process paid bordereaux onto Novus, and execute peer review sign-offs before data transfers to the accounts team.
- Build monthly paid and claims bordereaux tracking 4 years of account, updating templates for market changes.
- Create LORS entries for offshore processing teams to guarantee efficient remittance back to reinsurers.
Delegated Authority Analyst in Slough employer: Edenbrook
Edenbrook is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for professionals in the financial reporting sector. With a strong commitment to employee development, we offer numerous growth opportunities and support for continuous learning, all while working in a dynamic environment that values integrity and excellence. Located in a vibrant area, our team enjoys a balanced work-life experience alongside competitive benefits tailored to enhance both personal and professional well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Analyst in Slough
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Edenbrook. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Delegated Authority Analyst in Slough
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Edenbrook.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Edenbrook's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Edenbrook
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Edenbrook.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Edenbrook will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Edenbrook employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
