At a Glance
- Tasks: Oversee and audit delegated authority agreements while preparing insightful MI reports.
- Company: Join a leading Lloyd's Insurer in the heart of London.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Other info: Collaborative culture with opportunities for cross-functional projects.
- Why this job: Make an impact in underwriting and claims with your analytical skills.
- Qualifications: 3-5+ years in Delegated Authority, Governance, and MI experience required.
The predicted salary is between 50000 - 60000 £ per year.
I am currently recruiting for a leading Lloyd's Insurer who is seeking a Delegated Authority Analyst to join their growing team. My client is looking for someone with strong experience in DA, Governance, and MI to support the wider Underwriting & Claims functions of the business. You will be responsible for the day-to-day oversight, monitoring, and auditing of DA arrangements, as well as preparing MI data packs for relevant Underwriting/Claims processes. The ideal candidate will have 3-5+ years of experience in this area.
Key Responsibilities
- Collaborate with underwriting and claims teams to prepare new and renewal delegated authority proposals for submission to the Delegated Underwriting and Product Oversight Group.
- Oversee the management, monitoring, and auditing of delegated authority agreements, including issue resolution, escalation handling, reporting, logging, and governance oversight.
- Prepare management information (MI) reports and presentation packs for underwriting and claims committees and working groups.
- Develop and generate data reports using Excel, including designing and producing management information (MI).
- Contribute to initiatives aimed at enhancing MedPro's data control and staging environments.
- Track premium development concerning Estimated Premium Income (EPI).
- Partner with underwriting, claims, and other Group entities to ensure timely receipt and quality assurance of bordereaux and financial data.
- Ensure all contract amendments directed by underwriting and claims are accurately reflected in binding authority agreements, working closely with Legal to escalate and resolve issues before implementation.
- Monitor contractual service level agreements (SLAs), including those with coverholders, and escalate non-compliance when necessary.
- Draft and manage Letters of Authority for underwriting and claims, including monitoring compliance and identifying exceptions.
- Engage in broader business initiatives and cross-functional projects.
Delegated Authority Analyst employer: HFG
HFG is an exceptional employer that values its employees by offering a dynamic work culture and flexible hybrid working patterns, allowing for a healthy work-life balance. With a strong focus on professional development, employees are encouraged to grow their skills and advance their careers within the global insurance sector, making it a rewarding place to work for those seeking meaningful contributions in internal auditing.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Analyst
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with delegated authority. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of governance and MI. Be ready to discuss how you've handled DA arrangements in the past. We want to see your experience shine through!
✨Tip Number 3
Showcase your Excel skills! Since you'll be generating data reports, consider bringing a sample of your work to the interview. It’s a great way to demonstrate your capabilities and stand out from the crowd.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Delegated Authority Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Delegated Authority Analyst role. Highlight your experience in DA, Governance, and MI, and don’t forget to showcase any relevant achievements that align with the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role. Mention specific experiences that relate to the key responsibilities, like overseeing delegated authority agreements or preparing MI reports.
Showcase Your Analytical Skills:Since this role involves a lot of data handling, make sure to highlight your analytical skills. Talk about your experience with Excel and any data reporting you've done, as this will show us you can handle the MI data packs we need.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at HFG
✨Know Your DA Inside Out
Make sure you brush up on your knowledge of Delegated Authority (DA) arrangements. Be prepared to discuss your previous experience in governance and MI, as well as how you've handled oversight and auditing in past roles. This will show that you’re not just familiar with the concepts but can apply them effectively.
✨Excel Skills are Key
Since you'll be developing and generating data reports using Excel, it’s crucial to demonstrate your proficiency. Bring examples of reports you've created or be ready to discuss specific functions and formulas you’ve used. This will highlight your analytical skills and attention to detail.
✨Collaboration is Crucial
The role involves working closely with underwriting and claims teams, so be prepared to talk about your collaborative experiences. Share examples of how you've successfully partnered with different departments to achieve common goals, especially in preparing proposals or resolving issues.
✨Showcase Your Problem-Solving Skills
You’ll need to handle issue resolution and escalate problems when necessary. Think of specific instances where you identified a problem, took action, and what the outcome was. This will demonstrate your proactive approach and ability to manage challenges effectively.
