At a Glance
- Tasks: Support Underwriters with delegated authority arrangements and performance reporting.
- Company: Leading Lloyd's market insurer with a collaborative culture.
- Benefits: Competitive salary, hybrid working, and bonus opportunities.
- Other info: Opportunity to learn and build relationships across various teams.
- Why this job: Join a supportive team and develop your career in the dynamic Lloyd's market.
- Qualifications: Experience in Delegated Authority or Underwriting Operations; strong analytical skills.
The predicted salary is between 40000 - 40000 £ per year.
Delegated Authority Technician | £35,000 - £40,000 | London (Hybrid).
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
- Hybrid working - 3 days in the office and 2 days from home
- #J-18808-Ljbffr
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Technician
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Insight. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Delegated Authority Technician
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Insight.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Insight's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Insight
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Insight.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Insight will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Insight employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
