At a Glance
- Tasks: Support Underwriters with delegated authority arrangements and performance reporting.
- Company: Leading Lloyd's market insurer with a collaborative team culture.
- Benefits: Competitive salary, hybrid working, and opportunities for career development.
- Other info: Dynamic role with strong potential for career advancement.
- Why this job: Join a supportive environment and grow your expertise in the Lloyd's market.
- Qualifications: Experience in Delegated Authority or Underwriting Operations is preferred.
The predicted salary is between 55000 - 55000 £ per year.
A leading Lloyd's market insurer is seeking a Delegated Authority Technician to join their growing Delegated Authority team. This is an excellent opportunity for someone with experience in Delegated Authority or Underwriting Operations who is looking to develop their career within a supportive, collaborative environment. The team are also open to ambitious, motivated candidates who are eager to learn and build their expertise within the Lloyd's market.
Responsibilities:
- Support Underwriters with the administration of new and existing delegated authority arrangements, including Coverholders, Binding Authorities, Lineslips, Consortiums and Delegated Claims Administrators (DCAs).
- Assist with due diligence, onboarding and ongoing monitoring of delegated authority partners.
- Support bordereaux management, EPI monitoring and resolution of bordereaux queries.
- Prepare performance reporting, KPIs and management information for Underwriting and key stakeholders.
- Coordinate audit planning and follow-up activities for Coverholders, MGAs and delegated authority partners.
- Assist with regulatory and Lloyd's market returns, ensuring delegated authority processes remain compliant.
- Build strong working relationships across Underwriting, Compliance and Operations teams.
- Provide administrative support for delegated authority projects, internal and external audits, and market initiatives.
Skills:
- Previous experience within Delegated Authority, Underwriting Operations, Technical Operations or a similar insurance support role.
- Lloyd's market or London Market insurance experience is highly desirable.
- Strong analytical skills with excellent attention to detail.
- Good organisational and time management skills with the ability to manage multiple priorities.
- Confident communicator with the ability to build relationships across the business.
- Strong Excel skills.
- Experience using Lloyd's delegated authority systems such as DCOM, DAM, Lineage, Atlas, Crystal, DDM or LWR would be advantageous but not essential.
- A proactive attitude with a genuine desire to learn and develop within Delegated Authority.
Package: £45,000 - £55,000 per annum + Bonus. Hybrid working – 3 days in the office and 2 days from home.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Technician in City of London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Insight Select). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Insight Select. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Delegated Authority Technician in City of London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Insight Select.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Insight Select. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Insight Select
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Insight Select to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Insight Select, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Insight Select's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
