At a Glance
- Tasks: Lead audits of US coverholders for Lloyd's managing agents, ensuring compliance and efficiency.
- Company: Join a leading global insurance services group with a strong reputation.
- Benefits: Remote work, competitive contract, and opportunities for travel.
- Other info: Initial 6-month contract with potential for growth and travel opportunities.
- Why this job: Make a real impact in the insurance industry while working independently.
- Qualifications: Experience as an underwriter or claims manager, with strong audit skills.
The predicted salary is between 45000 - 55000 £ per year.
Description
G MASS Consulting are partnered with a leading global insurance services group, as they seek an experienced Coverholder Auditor to deliver audits of US coverholders on behalf of Lloyd's managing agents.
The role covers end-to-end delivery of each audit, from planning and fieldwork through to the final report, against the Lloyd's audit framework and the LMA Coverholder Audit Scope.
The client requires a seasoned delegated authority professional, ideally an ex-underwriter or claims manager, who can evidence every finding against the binding authority agreement.
Responsibilities
- Lead end-to-end audits of US coverholders on behalf of one or more Lloyd's managing agents, including Lloyd's coordinated audits, delivering approximately 2 full audits per month.
- Review the binding authority agreement and the managing agent's audit scope, and issue tailored pre-audit information requests.
- Conduct on-site and remote fieldwork, testing underwriting, claims, governance and controls against the terms of the delegated authority.
- Hold wrap-up meetings with coverholder management to discuss initial findings.
- Produce clear, evidence-based audit reports using a risk-based approach, with prioritised findings and recommendations to reduce risk and improve efficiency, linked back to the delegated authority agreement.
- Record findings in Lloyd's Delegated Audit Manager (DAM) within the agreed deadlines, and support post-audit actions through to closure.
Requirements
- Strong knowledge of the Lloyd's delegated authority model, the Lloyd's coordinated audit framework, and the current LMA Coverholder Audit Scope and guidance notes.
- A senior background as an underwriter, claims manager or delegated authority professional.
- Proven ability to write clear, structured audit reports.
- Confidence leading audits independently, with willingness to travel to coverholder sites.
- US-based candidates, or those with experience of US coverholders, are strongly advantageous.
- Spanish language skills are highly desirable; DCA or reinsurance audit experience, use of DAM and registration as a Lloyd's auditor are advantageous.
Benefits
- Length: Initial 6 month contract
- Start: Immediate
Office: Remote (US-based, or London-based delivering remotely), with travel to coverholder sites as required
US Coverholder Auditor - Lloyd's Delegated Authority in London employer: G MASS
G MASS Consulting is an exceptional employer that fosters a dynamic and inclusive work culture in the heart of London. With a strong emphasis on employee growth, we offer comprehensive training and development opportunities, empowering our team to excel in their roles while contributing to impactful compliance solutions for our clients. Join us to be part of a forward-thinking organisation that values innovation and collaboration, making a meaningful difference in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land US Coverholder Auditor - Lloyd's Delegated Authority in London
✨Tap into Local Agencies
For temporary roles like the one at G MASS, don't overlook local recruitment agencies that specialise in the insurance sector. They often have inside info on your local market and can help you get your foot in the door quicker!
✨Seasonal Opportunities Are Gold
Insurance companies often ramp up staffing for specific seasons, especially during peak times like annual policy renewals. Keep an eye out for those temporary gigs and be ready to jump in. Make sure you’re on our website regularly to catch those listings!
✨Network with Industry Pros
Join insurance-focused online platforms and forums to connect with professionals who can share insider tips about temporary roles. Attend local industry meetups or workshops to widen your network; sometimes it’s all about who you know!
✨Showcase Your Flexibility
For temp roles, employers are often looking for candidates who can hit the ground running. Highlight any previous experience you have in fast-paced environments on your profile or during interviews, so G MASS knows you can adapt quickly to their needs!
We think you need these skills to ace US Coverholder Auditor - Lloyd's Delegated Authority in London
Some tips for your application 🫡
Highlight Relevant Certifications:In the insurance world, having the right qualifications can set you apart. If you've got any certifications like Cert CII or other relevant credentials, make sure they're front and centre on your CV. It shows you're committed to the industry and ready to hit the ground running!
Showcase Your Customer Service Skills:Insurance is all about helping clients through tricky times. Use your application to mention your previous customer service experience or soft skills like problem-solving and empathy. These are crucial for any temporary role in the insurance sector, so don’t shy away from flexing these muscles!
Tailor Your CV for the Temp Role:For a temporary position, it's all about demonstrating your ability to adapt quickly. Tailor your CV to highlight experiences that show you can jump in and make an impact immediately. Mention short projects, freelance gigs, or any fast-paced roles that show you thrive in dynamic environments.
Be Clear About Availability:In your cover letter, clearly state your availability for the temporary role. Since this is a short-term gig, emphasising your flexibility and readiness to start immediately can really catch G MASS's eye. Remember, they need someone who can fit right in, so make it easy for them to see you as that person!
How to prepare for a job interview at G MASS
✨Master the Basics of Underwriting
Since you're aiming for a temporary role in insurance, brush up on the basic principles of underwriting. Be ready to discuss how you would assess risks and make simple decisions on policy issuance, as these are likely to come up in technical questions.
✨Familiarise Yourself with Relevant Regulations
Insurance is heavily regulated, so it helps to be familiar with key regulations that affect the industry. Bring up any specific legislation you're aware of and how it could impact your work at G MASS. This shows you're engaged and knowledgeable.
✨Highlight Your Flexibility
As it's a temporary position, it's crucial to stress your adaptability. Talk about previous experiences where you had to pick up new tasks quickly or adjust to changing needs. Employers will appreciate your willingness to jump in and get the job done without a long onboarding process.
✨Prepare to Discuss Claims Processing
Be ready to dive into discussions around claims processing, as this might be a big part of your role. Bring along examples of how you've approached problem-solving in past roles, especially if you've dealt with customer claims or insurance queries before. It's a great way to show your relevant experience.
