At a Glance
- Tasks: Support onboarding and management of delegated underwriting arrangements while ensuring compliance.
- Company: Join a dynamic insurance firm focused on innovation and collaboration.
- Benefits: Competitive salary, professional development, and a supportive work culture.
- Other info: Embrace a fast-paced environment with opportunities for growth and teamwork.
- Why this job: Make an impact in the insurance industry while developing your skills.
- Qualifications: A-level education or equivalent experience; knowledge of insurance practices preferred.
The predicted salary is between 35000 - 45000 £ per year.
Responsibilities
- Support onboarding and approval of delegated underwriting arrangements, including binders, Cover holders, brokers, and Appointed Representatives, ensuring compliance with Ki and regulatory requirements.
- Assist with due diligence and ongoing lifecycle management, including renewals, endorsements, and periodic reviews.
- Support broker management activities, including applications, annual reviews, and production of Terms of Business Agreements (TOBAs).
- Contribute to oversight of offshore operations, including query resolution and quality assurance of outputs.
- Perform quality checks and operate controls in line with Ki’s risk management framework.
- Support reporting requirements for internal stakeholders and governance forums.
- Assist with governance and regulatory requirements for lineslips, consortia, and master policies.
- Support audit processes, including preparation, tracking of actions, and escalation of issues.
- Contribute to change initiatives and continuous improvement of delegated underwriting processes and controls.
- Identify and escalate breaches, incidents, and problem cases in line with established procedures.
- Maintain effective stakeholder relationships, acting as a key liaison with underwriters and internal teams.
- Identify and manage risks proactively to safeguard Ki’s interests and support the achievement of Ki’s objectives.
- Contribute to a trusting, inclusive and high performing culture by taking ownership of your work, learning from mistakes, and seeking and acting on regular, constructive feedback.
- Support colleagues’ wellbeing and development, work collaboratively and fairly, maintain strong oversight of your responsibilities and processes, and role model Ki’s values — Know Your Customer, Grow Together, and Be Courageous — in all interactions.
Requirements
- Education to A-level standard or equivalent experience; applications from those with relevant practical experience are encouraged.
- Good understanding of insurance market practices and regulatory requirements, particularly Lloyd’s and FCA expectations relating to delegated authority management.
- Knowledge of delegated underwriting structures, including coverholders, binders and third-party arrangements.
- Strong analytical and problem-solving skills with attention to detail.
- Effective communication skills, with the ability to challenge constructively while maintaining positive relationships.
- Ability to work independently and collaboratively in a fast-paced environment.
- Strong organisational and time management skills, with the ability to prioritise effectively and meet deadlines.
- Commercial awareness and ability to balance risk management with pragmatic business considerations.
- Proficiency in Microsoft Office tools and data analysis.
We think you need these skills to ace Delegated Authorities Analyst
Delegated Underwriting Management
Compliance Knowledge
Due Diligence
Broker Management
Quality Assurance
Risk Management
Stakeholder Relationship Management