Senior Delegated Authority Audit Analyst

Senior Delegated Authority Audit Analyst

Full-Time 55000 - 65000 £ / year (est.) No home office possible
Insight Recruitment Solutions Limited

At a Glance

  • Tasks: Manage audits for Coverholder and DCA agreements, ensuring compliance and risk management.
  • Company: Join a leading firm in the insurance sector with a focus on innovation.
  • Benefits: Attractive salary, career development opportunities, and a supportive work environment.
  • Other info: Dynamic role with opportunities to engage with industry stakeholders.
  • Why this job: Make a real impact by ensuring regulatory compliance and enhancing audit processes.
  • Qualifications: Experience in audit management and strong communication skills required.

The predicted salary is between 55000 - 65000 £ per year.

Our client is seeking a Senior Delegated Authority Audit Analyst to join their Delegated Authority team in London. Reporting to the Delegated Authority Audit Manager, you will be responsible for the audit management of the company's Coverholder and DCA agreements, ensuring appropriate oversight, risk management, and regulatory compliance across our delegated authority portfolio.

You will support the Audit Manager in preparing annual and quarterly audit plans, scheduling Coverholder and DCA audits, and developing tailored, risk-based oversight programmes. This includes analysing and processing audit reports, ensuring issues are identified, followed up, and escalated appropriately, and monitoring audit closure through to satisfactory conclusion including closing meetings and committee presentations.

A key aspect of the role is preparing monthly reports on open and overdue audit recommendations, providing regular Management Information on audit progress and performance, and preparing Underwriting and Compliance packs for internal committees.

You will communicate with business and market stakeholders to determine appropriate actions for each Coverholder and DCA, ensuring they understand and comply with Delegated Authority, Consumer Duty, Compliance and Financial Crime requirements. You will provide ongoing oversight of the audit panel, represent the company on Lloyd's and other market forums, and provide technical expertise.

Senior Delegated Authority Audit Analyst employer: Insight Recruitment Solutions Limited

Our client is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong commitment to employee development, they provide ample opportunities for growth and advancement within the Delegated Authority team, alongside a supportive culture that values integrity and compliance. Employees benefit from competitive remuneration packages, flexible working arrangements, and the chance to engage with industry leaders at prestigious market forums.
Insight Recruitment Solutions Limited

Contact Detail:

Insight Recruitment Solutions Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Delegated Authority Audit Analyst

✨Tip Number 1

Network like a pro! Reach out to professionals in the Delegated Authority space on LinkedIn or at industry events. We can’t stress enough how valuable personal connections can be in landing that Senior Delegated Authority Audit Analyst role.

✨Tip Number 2

Prepare for interviews by brushing up on your knowledge of audit management and regulatory compliance. We recommend practising common interview questions and scenarios related to Coverholder and DCA agreements to show you’re the right fit for the team.

✨Tip Number 3

Showcase your analytical skills! During interviews, be ready to discuss how you've handled audit reports and risk management in the past. We want to see how you’ve tackled challenges and ensured compliance in your previous roles.

✨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 Delegated Authority Audit Analyst

Audit Management
Risk Management
Regulatory Compliance
Analytical Skills
Report Preparation
Stakeholder Communication
Oversight Programmes
Issue Identification
Escalation Procedures
Management Information Reporting
Technical Expertise
Presentation Skills
Delegated Authority Knowledge
Consumer Duty Awareness
Financial Crime Compliance

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Senior Delegated Authority Audit Analyst role. Highlight your experience with audit management, risk oversight, and regulatory compliance. 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 Delegated Authority team. Share specific examples of your past work that relate to the responsibilities mentioned in the job description.

Showcase Your Communication Skills: Since this role involves liaising with various stakeholders, make sure to demonstrate your communication skills in your application. Whether it's through your CV or cover letter, we want to see how you can effectively convey complex information.

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 us you’re keen on joining our team!

How to prepare for a job interview at Insight Recruitment Solutions Limited

✨Know Your Audits

Make sure you brush up on the specifics of audit management, especially related to Coverholder and DCA agreements. Familiarise yourself with the regulatory compliance aspects and be ready to discuss how you've handled similar responsibilities in the past.

✨Prepare Your Questions

Think about what you want to know regarding the company's audit processes and their approach to risk management. Asking insightful questions shows your interest and helps you gauge if the company is the right fit for you.

✨Showcase Your Communication Skills

Since you'll be liaising with various stakeholders, be prepared to demonstrate your communication skills. Share examples of how you've effectively communicated audit findings or collaborated with teams to ensure compliance.

✨Highlight Your Analytical Abilities

The role requires strong analytical skills, so come equipped with examples of how you've analysed audit reports and managed oversight programmes. Be ready to discuss how you identify issues and follow up on recommendations.

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