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- Tasks: Manage Lloyd's Coverholder relationships and ensure compliance with delegated authority contracts.
- Company: Join a growing Lloyd's syndicate with a commitment to diversity and inclusion.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Why this job: Make a real impact in the insurance industry while collaborating with diverse teams.
- Qualifications: Experience in managing Lloyd's DA systems and strong analytical skills.
- Other info: Dynamic work environment with a focus on teamwork and career development.
The predicted salary is between 48000 - 72000 £ per year.
An excellent opportunity for a DUA Analyst to join a growing Lloyd's syndicate to support the management of the DUA portfolio. You will have in-depth experience of managing Lloyd's Coverholder relationships and working knowledge of Lloyd's DA systems.
Key responsibilities will include:
- Carrying out due diligence to ensure delegated authority contracts are within risk appetite standards, meeting necessary requirements, including regulatory compliance.
- Contributing to the review of Binding Authority contracts on behalf of the Group's Lloyd's Coverholder and engaging with brokers.
- Effective due diligence and management of all aspects of new coverholder applications to Lloyd's.
- Assisting with the management of coverholder audits, contributing to the scheduling of relevant annual audits, and processing audit reports.
- Supporting the Underwriters regarding analysing bordereaux data.
- Collaborating with other internal teams including Underwriting, Operations, Finance, Compliance and Claims to resolve day-to-day queries.
- Collating relevant MI for internal meetings.
- Review and evidencing of compliance with relevant Lloyd's Principles.
*Our client is committed to diversity in all of its forms and operates an inclusive recruitment process.*
Senior Delegated Authority Analyst in City of London employer: Insight Recruitment Solutions Ltd
Contact Detail:
Insight Recruitment Solutions Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Delegated Authority Analyst in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the Lloyd's market and let them know you're on the lookout for opportunities. A friendly chat can sometimes lead to job openings that aren't even advertised.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd's DA systems and Coverholder relationships. We want you to feel confident discussing your experience and how it aligns with the role of a Senior Delegated Authority Analyst.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you've effectively managed due diligence and compliance in past roles. Use specific examples to highlight your expertise in handling delegated authority contracts.
✨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 Analyst in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Delegated Authority Analyst role. Highlight your experience with Lloyd's Coverholder relationships and any relevant DA systems you've worked with. We want to see how your background aligns with what we're looking for!
Showcase Your Skills: In your cover letter, don’t just list your skills—show us how you’ve used them in real situations. Talk about your experience with due diligence and managing coverholder audits. We love seeing concrete examples that demonstrate your expertise!
Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language and avoid jargon unless it's specific to the industry. We appreciate a well-structured application that’s easy to read and understand.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It helps us keep track of applications and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Insight Recruitment Solutions Ltd
✨Know Your DUA Inside Out
Make sure you brush up on your knowledge of Delegated Underwriting Authority (DUA) and Lloyd's Coverholder relationships. Be prepared to discuss your previous experiences managing these relationships and how you've ensured compliance with regulatory standards.
✨Showcase Your Due Diligence Skills
Prepare examples that highlight your ability to carry out due diligence effectively. Think about specific instances where you assessed delegated authority contracts or managed coverholder applications, and be ready to explain your thought process and the outcomes.
✨Collaborate Like a Pro
Since this role involves working closely with various internal teams, come equipped with examples of how you've successfully collaborated in the past. Discuss how you resolved queries with Underwriting, Operations, or Compliance, and emphasise your teamwork skills.
✨Be Ready for Technical Questions
Expect some technical questions related to Lloyd's DA systems and bordereaux data analysis. Brush up on these topics and be prepared to demonstrate your analytical skills and understanding of the systems used in the industry.
