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- Tasks: Conduct due diligence and manage delegated authority contracts for a leading Lloyd's Syndicate.
- Company: Join a top-tier Lloyd's Syndicate in the heart of London.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Why this job: Be part of a growing team and make a real impact in the insurance industry.
- Qualifications: Strong experience in delegated authority and knowledge of Lloyd's DA Systems required.
- Other info: Collaborative culture with opportunities to work across various internal teams.
The predicted salary is between 36000 - 60000 £ per year.
I am currently partnered with a leading Lloyd's Syndicate who are seeking a Senior DUA Analyst to join their growing team. This is a new role due to growth, and my client is looking for someone who has strong experience in the DA world - including knowledge of Contract Reviews, Binding Authorities, managing Lloyd's Coverholders, supporting Underwriting with Bordereaux data and much more. They are looking for someone who has experience using Lloyd's DA Systems including Atlas, DCOM & DAM and someone who can hit the ground running.
Key Responsibilities
- Conduct due diligence to ensure that delegated authority contracts (including Binding Authorities, Consortia, Lineslips, and Master/Group Policies) align with the company's risk appetite and meet all necessary standards, including regulatory compliance.
- Assist in reviewing Binding Authority contracts on behalf of Lloyd's Coverholder and liaise with brokers as required.
- Support the DUA Manager in performing due diligence and managing all aspects of new coverholder applications to Lloyd's.
- Provide analytical support to Underwriters by reviewing and interpreting bordereaux data as needed.
- Help manage the coverholder audit process, including scheduling annual audits, processing audit reports, and tracking the implementation of audit recommendations.
- Collaborate with internal teams - such as Underwriting, Operations, Finance, Compliance, and Claims - to resolve day-to-day queries.
- Compile relevant management information (MI) for internal meetings, such as monthly Underwriting Committees, and assist in coordinating and reporting data for regulatory returns when required.
- Contribute to the regular review of Delegated Authority processes, procedures, and controls to ensure they remain effective and fit for purpose.
- Support the DUA Manager in reviewing and evidencing compliance with relevant Lloyd's Principles.
Senior DUA Analyst in City of London employer: High Finance Limited
Contact Detail:
High Finance Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior DUA Analyst in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and DUA space. Attend industry events or webinars where you can meet potential employers and showcase your expertise in Contract Reviews and Binding Authorities.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd's DA Systems like Atlas, DCOM & DAM. Be ready to discuss how you've used these tools in past roles and how they can benefit the team you're applying to join.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've interpreted bordereaux data to support Underwriters. This will demonstrate your ability to hit the ground running and add value from day one.
✨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 are proactive about their job search!
We think you need these skills to ace Senior DUA Analyst in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior DUA Analyst role. Highlight your experience with Contract Reviews, Binding Authorities, and any relevant systems like Atlas or DCOM. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention specific experiences that relate to the key responsibilities in the job description, and don't forget to show your enthusiasm for the role.
Showcase Your Analytical Skills: Since the role involves providing analytical support, make sure to highlight any relevant experience you have with data interpretation and bordereaux analysis. We love seeing candidates who can hit the ground running with these skills!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at High Finance Limited
✨Know Your DUA Inside Out
Make sure you brush up on your knowledge of Delegated Underwriting Authority (DUA) processes, especially around Binding Authorities and Contract Reviews. Be ready to discuss specific examples from your past experience that demonstrate your expertise in these areas.
✨Familiarise Yourself with Lloyd's Systems
Since the role requires experience with Lloyd's DA Systems like Atlas, DCOM, and DAM, take some time to review how these systems work. If possible, prepare to share how you've used them in previous roles and how they can benefit the team you're interviewing for.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to solve hypothetical problems related to managing coverholders or conducting due diligence. Think through potential scenarios and how you would approach them, showcasing your analytical skills and decision-making process.
✨Show Your Collaborative Spirit
This role involves working closely with various internal teams. Be prepared to discuss how you've successfully collaborated with others in the past, particularly in resolving queries or managing audits. Highlight your communication skills and ability to work as part of a team.
