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- Tasks: Support the DA team with administrative tasks and compliance for delegated authority arrangements.
- Company: IQUW is a leading speciality (re)insurer at Lloyd’s, known for innovative insurance solutions.
- Benefits: Enjoy a hybrid working model with flexibility and collaboration opportunities.
- Why this job: Join a dynamic team and gain valuable experience in the insurance industry while making impactful decisions.
- Qualifications: 2 years in a similar role, strong analytical skills, and proficiency in relevant IT systems required.
- Other info: Entry-level position with opportunities for growth and development in delegated authorities.
The predicted salary is between 30000 - 42000 £ per year.
About Us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
IQUW has a hybrid working model that offers flexibility while maintaining opportunities for collaboration and connection with colleagues in person. Our hybrid working model will consist of 3 days per week in the office and 2 days working remotely. Teams can coordinate specific in-office days to support collaboration and flexibility.
The role of the Delegated Authority Analyst is vital to support the DA team with the successful implementation of IQUW’s Delegated Authority strategy. The purpose of the role is to provide administrative support of all third-party delegated authority arrangements within IQUW’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 IQUW DUA framework, specifically working on new coverholder applications as well as renewing existing business.
- Bordereaux management and EPI Monitoring assistance and support with processing and resolving bordereaux or EPI queries.
- Support the approval process as part of IQUW 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 IQUW’s delegated authority arrangements, including KPIs discussing with Underwriting teams.
- Support the co-ordination of audit planning and follow up programme for Coverholders, MGAs, service companies and DCAs.
- Assist the Delegated Authority Team with any DA regulatory and Lloyd’s returns as required and actions arising from market thematic reviews are embedded within the company.
- Build and maintain a strong relationship with all business units, particularly Underwriting teams.
- Attend the Delegated Underwriting Managers (‘DUM’) forums and other market seminars/workshops and provide summary updates to the Senior Compliance Officer as 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 any 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
- 2 years 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
- Strong interpersonal and relationship building skills.
- Articulate and numerate.
- A team player.
- Enthusiasm to learn and develop a career in delegated authorities.
- Pro-active.
- Organised with a clear ability to prioritise and deliver on allocated tasks in a timely manner.
Seniority level Entry level
Employment type Full-time
Job function Management and Manufacturing
Industries Insurance
DA Operations Analyst employer: IQUW
Contact Detail:
IQUW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land DA Operations Analyst
✨Tip Number 1
Familiarise yourself with the specific Delegated Authority Framework used by IQUW. Understanding their processes and compliance requirements will help you demonstrate your knowledge during interviews and show that you're proactive about fitting into their team.
✨Tip Number 2
Network with professionals in the Lloyd's market, especially those involved in delegated authorities. Attend relevant seminars or workshops to gain insights and make connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Brush up on your analytical skills, particularly in Excel, as this role requires strong data management capabilities. Consider taking a short course or using online resources to enhance your proficiency, which will be a great asset in your application.
✨Tip Number 4
Prepare to discuss your previous experience in delegated authority roles, focusing on specific examples where you successfully managed relationships or resolved issues. This will help you stand out as a candidate who can contribute effectively from day one.
We think you need these skills to ace DA Operations Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the DA Operations Analyst role. Highlight your relevant experience in delegated authorities and how it aligns with IQUW's needs.
Tailor Your CV: Customise your CV to reflect the skills and experiences that are most relevant to the job description. Emphasise your analytical skills, attention to detail, and any specific software experience mentioned, such as DCOM or Excel.
Craft a Compelling Cover Letter: Write a cover letter that not only introduces yourself but also explains why you are passionate about the insurance industry and how your background makes you a great fit for IQUW. Be sure to mention your enthusiasm for learning and developing a career in delegated authorities.
Proofread Your Application: Before submitting, carefully proofread your application materials. Look for any spelling or grammatical errors, and ensure that your documents are well-organised and clearly formatted. A polished application reflects your professionalism.
How to prepare for a job interview at IQUW
✨Understand the Role
Make sure you have a clear understanding of the DA Operations Analyst role and its responsibilities. Familiarise yourself with IQUW's Delegated Authority strategy and how it fits into their overall operations.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical abilities, especially in relation to data management and performance reporting. Be ready to provide examples of how you've used these skills in previous roles, particularly in an insurance context.
✨Demonstrate Attention to Detail
Since the role requires strong attention to detail, be prepared to discuss specific instances where your meticulousness has made a difference. Highlight any experience you have with due diligence and compliance processes.
✨Build Rapport
IQUW values strong interpersonal skills, so focus on building rapport during the interview. Practice active listening and engage with your interviewers by asking insightful questions about the team and company culture.
