At a Glance
- Tasks: Conduct due diligence and ensure compliance for underwriting authority.
- Company: Join Hiscox, a unique company with a vibrant culture.
- Benefits: Enjoy great employee benefits for your mental and physical wellbeing.
- Other info: Dynamic role with opportunities for growth and learning.
- Why this job: Make an impact in the London Market while working with amazing people.
- Qualifications: Experience in Lloyd’s Delegated Authority and strong attention to detail.
The predicted salary is between 40000 - 50000 £ per year.
The London Market Delegated Authority Team is part of the HSL Operations and Governance Team and supports Underwriters in delegating underwriting authority. Reporting to the London Market Head of Delegated Authority, the team balances compliance and business needs to minimize regulatory and reputational risks. We facilitate new business relationships and ensure adherence to regulatory requirements by staying updated on regulatory changes. Our team values meeting deadlines, delivering exceptional service, and maintaining strong communications with stakeholders.
The primary purpose of this role is to perform pre-bind due diligence on Binders and Coverholders to ensure they meet regulatory requirements. Other responsibilities include processing changes to Coverholder permissions, reviewing endorsements, and general administrative duties. Strong organisational skills and attention to detail are essential, especially during busy renewal seasons between 01/12 and 01/06. The successful candidate should be able to prioritise tasks well during busy periods and stay proactive during quieter times. This role provides insight into multiple classes of business as we write Binders in most classes and the DA Analyst will be responsible for reviewing them all.
Main Responsibilities
- Conducting due diligence on Coverholders and binders.
- Reviewing compliance policies and providing guidance.
- Assessing contract endorsements.
- Processing Lloyd’s Post Approval Changes.
- Ensuring compliance with all DA regulatory requirements.
- Communicating with stakeholders to provide updates, gather feedback, and address concerns.
- Completing administrative duties, such as electronic filing and mailbox management.
- Continuously improving processes and practices.
- Performing other ad-hoc duties as required.
- Meeting all service level agreements.
- Maintaining clear audit trails.
- Building positive relationships with colleagues and stakeholders.
- Developing and sharing knowledge of delegated authority requirements.
The Candidate
Ideal Traits
- Excellent communication skills.
- Analytical mindset able to work independently and pro-actively.
- Confident decision-maker.
- Detail-oriented.
- Enjoys doing research.
- Solution-focused.
- Competent managing high volumes of tasks.
- Those who cannot handle fluctuating workloads.
- Those who dislike repetitive tasks or high-pressure environments.
- Those who need micro-management.
Must haves
- Lloyd’s Delegated Authority Experience (Including Atlas and DCOM).
- Strong attention to detail and great accuracy.
- A proactive mindset and the initiative to pre-empt issues or explore possibilities before raising queries.
- Effective prioritisation and organisational skills.
Work with amazing people and be part of a unique culture. If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.
Delegated Authority Analyst employer: Hiscox
Hiscox is an exceptional employer that fosters a unique culture of collaboration and innovation, particularly within the London Market Delegated Authority Team. Employees benefit from a hybrid working model, comprehensive support for mental and physical wellbeing, and ample opportunities for professional growth in a dynamic environment that values compliance and stakeholder engagement.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Analyst
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even hit up LinkedIn. The more you engage with others, the better your chances of hearing about job openings before they’re even advertised.
✨Ace the Informational Interview
Don’t be shy to reach out for informational interviews. It’s a great way to learn about the company culture and the role itself. Plus, it shows your genuine interest and can put you on the radar for future opportunities.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your relevant skills and experiences. Use specific examples that relate to the Delegated Authority Analyst role to demonstrate how you can add value to their team.
✨Apply Through Our Website
We encourage you to apply directly through our website. It not only streamlines the process but also shows your enthusiasm for joining our team. Plus, you’ll be one step closer to building a brilliant future 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 relevant experience, especially in Lloyd’s Delegated Authority and any compliance work you've done. We want to see how your skills match 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 passionate about this role and how your analytical mindset and attention to detail will help us minimise risks and improve processes. Keep it engaging and personal!
Showcase Your Communication Skills:Since communication is key in this role, make sure to demonstrate your excellent communication skills in your application. Whether it's through your CV or cover letter, let us know how you’ve effectively communicated with stakeholders in the past.
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 amazing company culture!
How to prepare for a job interview at Hiscox
✨Know Your Regulatory Stuff
Make sure you brush up on Lloyd’s Delegated Authority regulations and compliance policies. Being able to discuss these confidently will show that you’re not just familiar with the role but also proactive about understanding the industry.
✨Show Off Your Organisational Skills
Prepare examples of how you've managed multiple tasks or projects, especially during busy periods. Highlighting your ability to prioritise effectively will resonate well, given the role's emphasis on handling fluctuating workloads.
✨Communicate Like a Pro
Since the role involves liaising with stakeholders, practice articulating your thoughts clearly and concisely. Think of scenarios where you’ve successfully communicated updates or gathered feedback, as this will demonstrate your strong communication skills.
✨Be Ready to Discuss Improvements
Come prepared with ideas on how processes can be improved within the delegated authority framework. This shows that you’re solution-focused and willing to contribute to the team’s continuous improvement efforts.
