At a Glance
- Tasks: Support the Delegated Authority team with administrative tasks and compliance monitoring.
- Company: Join Starr, a global leader in insurance and investment solutions.
- Benefits: Inclusive workplace, first-class training, and opportunities for career growth.
- Other info: Work in a supportive environment that values diversity and innovation.
- Why this job: Be part of a dynamic team making an impact in the insurance industry.
- Qualifications: Experience in insurance administration and strong analytical skills required.
The predicted salary is between 30000 - 40000 £ 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 Technician employer: IQUW Property Insurance
Starr is an exceptional employer that prioritises the growth and development of its employees, offering first-class training opportunities within a dynamic and inclusive work environment. As a global leader in insurance, working as a Delegated Authority Technician at Starr not only provides you with the chance to engage with diverse teams across 128 countries but also allows you to contribute meaningfully to the company's strategic objectives while enjoying a supportive culture that values innovation and collaboration.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Technician
✨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.
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✨Look Out for Graduate Schemes
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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 IQUW Property Insurance. 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
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 IQUW Property Insurance.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at IQUW Property Insurance. 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 IQUW Property Insurance
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at IQUW Property Insurance 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 IQUW Property Insurance, 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 IQUW Property Insurance'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.