At a Glance
- Tasks: Lead and mentor a team while managing delegated authority arrangements in insurance.
- Company: Join Tokio Marine HCC, a leading global specialty insurer with a dynamic culture.
- Benefits: Enjoy a competitive salary, great benefits, and a hybrid work model.
- Other info: Be part of a rapidly growing organisation with excellent career development opportunities.
- Why this job: Make an impact in the insurance industry while driving innovation and compliance.
- Qualifications: Senior experience in delegated authority roles and strong analytical skills required.
The predicted salary is between 60000 - 75000 € per year.
Reporting to: Head of Delegated Authority
Position Type: Permanent, 35 hours per week
Hybrid: 3 days in the office, 2 days working from home
Overview:
Why Tokio Marine HCC? Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
Job Purpose: Manage the oversight of all delegated authority arrangements for Tokio Marine HCC International, ensuring compliance with the company’s Delegated Authority Framework.
Key Responsibilities:
- Manage and mentor the Delegated Authority team, including ongoing and annual performance management reviews.
- Oversee all delegated authority arrangements in line with the Delegated Authority Procedures, including approval processes (entity and contract level) and ongoing monitoring of MGAs, service companies, and TPAs.
- Perform quality assurance checks of the due diligence process and provide developmental feedback to the Delegated Authority team and assurance to the Head of Delegated Authority.
- Manage the audit process, ensuring timely delivery of the annual audit plan for all delegated authority arrangements.
- Oversee the maintenance of the Customer Relationship Management (CRM) system as the central record for delegated authority arrangements, ensuring accuracy, completeness, and timely updates.
- Drive modernisation and technology improvements throughout the DA process to streamline and make the function scalable to support ongoing business growth.
- Manage and maintain Delegated Authority Procedures and supporting documents ensuring they are regularly reviewed, updated, and aligned with regulatory and Lloyd’s requirements.
- Manage the delegated authority reporting across multiple committees, ensuring timely and accurate information, and continuously enhancing reporting capability.
- Work closely with the bordereaux operations team to support compliance monitoring and continued enhancement of risk level data reporting.
- Provide guidance, training, and subject matter expertise across the business on regulatory and Lloyd’s requirements relating to delegated authority.
- Build and maintain strong relationships with internal stakeholders and Lloyd’s to support effective oversight and collaboration.
- Work with the Head of Delegated Authority to deliver the delegated authority elements of the annual Compliance Plan, ensuring all agreed actions and projects are completed on time.
- Attend Lloyd’s and IUA DA forums and market events, providing feedback and insights to the team and internal stakeholders.
- Provide co-ordination support for internal audit reviews.
- Undertake ad hoc tasks and projects as required by the Head of Delegated Authority.
Skills and Experience Specification:
Essential:
- Experience working within a senior Delegated Authority role within an insurance company.
- Attention to detail, excellent due diligence and investigative skills.
- Strong analytical, written and communication skills.
- Excellent organisation and time management skills.
- Strong interpersonal skills with the ability to communicate effectively with individuals at all levels of the business in a confident and professional manner.
- IT literate with experience of third-party management systems.
- Previous managerial experience.
Preferable:
- Experience within the Lloyd’s Market.
- Experience with the Lloyd’s DA systems (Atlas, BARS, DAM etc.).
What We Offer: The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer.
Delegated Authority Manager in London employer: HCC Service Co. UK Branch
At Tokio Marine HCC, we pride ourselves on being a leading Specialty Insurer that values innovation and employee empowerment. Our hybrid work model promotes a healthy work-life balance, while our commitment to professional development ensures that you will have ample opportunities for growth within a dynamic and supportive environment. Join us in a culture that prioritises collaboration and excellence, where your contributions will directly impact our success in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Manager in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the insurance industry, especially those who work in delegated authority. Attend events, join forums, and don’t be shy to reach out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its values. Understand Tokio Marine HCC’s approach to risk management and compliance. Tailor your answers to show how your experience aligns with their mission and how you can contribute to their growth.
✨Tip Number 3
Showcase your managerial skills! If you’ve led teams or projects, be ready to share specific examples of how you’ve mentored others and driven improvements. Highlighting your leadership experience will set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the Tokio Marine HCC team. Let’s get you that Delegated Authority Manager role!
We think you need these skills to ace Delegated Authority Manager in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Delegated Authority Manager role. Highlight your relevant experience in managing delegated authority arrangements and any specific skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our values at Tokio Marine HCC. We love seeing genuine enthusiasm, so let your personality come through!
Showcase Your Skills:Don’t forget to highlight your analytical, communication, and organisational skills in your application. These are key for the Delegated Authority Manager position. We’re looking for someone who can manage teams and processes effectively, so make sure we see that in your writing!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role and our company there!
How to prepare for a job interview at HCC Service Co. UK Branch
✨Know Your Delegated Authority Inside Out
Make sure you understand the Delegated Authority Framework thoroughly. Familiarise yourself with the key responsibilities and processes involved, especially around compliance and oversight. This will show your potential employer that you're not just interested in the role but are also prepared to take on its challenges.
✨Showcase Your Leadership Skills
As a Delegated Authority Manager, you'll be managing a team. Prepare examples of how you've successfully led teams in the past, focusing on mentoring and performance management. Highlight any specific instances where your leadership made a significant impact on team performance or project outcomes.
✨Demonstrate Your Analytical Prowess
Be ready to discuss your analytical skills and how they apply to quality assurance and due diligence processes. Bring examples of how you've used data to drive decisions or improve processes in previous roles. This will help illustrate your capability to manage the audit process effectively.
✨Build Relationships, Even Before You Start
Since relationship-building is key in this role, think about how you can demonstrate your interpersonal skills during the interview. Prepare to discuss how you've successfully collaborated with stakeholders in the past, and consider mentioning any relevant experiences with Lloyd’s or similar organisations to show your familiarity with the industry.
