At a Glance
- Tasks: Support the Delegated Authority team with compliance and administrative tasks in a dynamic insurance environment.
- Company: Join Starr, a rapidly growing global insurance and investment organisation.
- Benefits: Inclusive workplace, first-class training, and opportunities for personal growth.
- Other info: Great opportunity for career development in a supportive environment.
- Why this job: Be part of a passionate team making a real impact in the insurance industry.
- Qualifications: Experience in delegated authorities and strong analytical skills required.
The predicted salary is between 35000 - 45000 £ per year.
Overview
About us
Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever‑changing marketplace. Join us and become part of our talented and passionate workforce.
Role Purpose
The role of the Delegated Authority Analyst is vital to support the DA team with the successful implementation of STARR’s Delegated Authority strategy, with focus on service to Underwriters, due diligence and audit review work. The purpose of the role is to provide administrative support of all third‑party delegated authority arrangements within STARR’s Syndicate 218 and 1856, ensuring compliance with the company’s Delegated Authority Framework.
Key Responsibilities
- Ensure Underwriters are provided with the appropriate service aligned to market and STARRDUA framework, specifically working on new coverholder applications and existing delegated authorities (Binding Authorities, Lineslips, Consortium and Delegated Claims Administrators (DCAs)).
- Bordereaux management and EPI monitoring assistance and support with processing and resolving bordereaux or EPI queries.
- Support the approval process as part of STARR Delegated Authority Procedures, including due diligence and ongoing monitoring for coverholders, service companies, lineslips, Consortium arrangements and Delegated Claims Administrators (DCAs).
- Prepare performance reporting and insights of STARR’s delegated authority arrangements, including KPIs and discussion with Underwriting teams.
- Support the co-ordination of audit planning and follow‑up programme for Coverholders, MGAs, service companies and DCAs.
- Support the Delegated Team with administrating the review process for all lineslips, consortium and master policies falling within STARR.
- Assist the Delegated Authority Team with any DA regulatory and Lloyd’s returns as required and actions arising from market thematic reviews embedded within the company.
- Build and maintain a strong relationship with all business units, particularly Underwriting teams.
- Where required, attend the Delegated Underwriting Managers (‘DUM’) forums and other market seminars/workshops and provide summary updates to the Senior Compliance Officer as required.
- Where required, provide administrative assistance and co‑ordination support for internal/external audit reviews and other ad hoc DA projects.
The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Qualifications, skills and experience
- Relative experience working in Delegated Authorities Administrative role within an insurance company, ideally Lloyd’s market.
- Attention to detail, excellent due diligence, and investigative skills.
- Strong analytical, written and communication skills.
- Excellent organisation and time management skills.
- Strong interpersonal skills with the ability to communicate effectively with individuals at all levels of the business in a confident and professional manner.
- IT literate with experience of third‑party Lloyd’s management systems, including DCOM, DAM, Lineage, Atlas, Crystal, DDM & LWR.
- Strong Excel skills.
Core behavioural competencies
- Analysis and decision making
- Innovation and problem solving
- Strategic perspective
- Performance focus
- Communication and influence
- Resilience and adaptability
Additional Information
Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we’re committed to creating an inclusive environment for all employees. We offer first‑class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Delegated Authority Analyst employer: IQUW Property Insurance
Starr is an exceptional employer, offering a dynamic work environment where talented individuals can thrive in the global insurance sector. With a strong commitment to employee development and a culture of inclusivity, Starr provides first-class training opportunities and fosters meaningful relationships across all business units. Join us in London and be part of a passionate team dedicated to supporting the profitable growth of organisations worldwide.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Analyst
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance industry, especially those who work with Delegated Authorities. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the Lloyd’s market and Delegated Authority frameworks. We want you to shine when discussing how you can support Underwriters and manage compliance effectively.
✨Tip Number 3
Show off your analytical skills! Be ready to discuss how you've used data in past roles to drive performance or solve problems. This is key for the Delegated Authority Analyst role, so let’s make it count!
✨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 joining our talented team.
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 relevant experience in delegated authorities and insurance, and don’t forget to showcase your analytical and communication skills!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your skills align with our needs at Starr. Keep it concise but impactful!
Showcase Your Attention to Detail:In this role, attention to detail is key. Make sure your application is free from typos and errors. This shows us that you take pride in your work and understand the importance of accuracy.
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s the easiest way for us to keep track of your application and ensure it gets the attention it deserves!
How to prepare for a job interview at IQUW Property Insurance
✨Know Your Delegated Authority Basics
Before the interview, brush up on the fundamentals of delegated authority within the insurance sector. Understand the key terms and processes mentioned in the job description, like Binding Authorities and Lineslips. This will show your interviewer that you're not just interested in the role but also knowledgeable about the industry.
✨Showcase Your Analytical Skills
As a Delegated Authority Analyst, strong analytical skills are crucial. Prepare examples from your past experiences where you successfully analysed data or resolved complex issues. Be ready to discuss how you can apply these skills to support STARR’s Delegated Authority strategy.
✨Demonstrate Attention to Detail
Attention to detail is key in this role. During the interview, highlight instances where your meticulous nature has led to successful outcomes. You might even want to mention specific tools or systems you've used, like DCOM or Excel, to manage data accurately.
✨Build Rapport with Your Interviewers
Since the role involves working closely with Underwriting teams and other business units, it's important to demonstrate your interpersonal skills. Engage with your interviewers, ask insightful questions, and show genuine interest in their work. This will help you stand out as a candidate who can build strong relationships within the company.