At a Glance
- Tasks: Support teams in managing underwriting agreements and ensure compliance with market standards.
- Company: Dynamic company in the insurance sector with a focus on meritocracy and collaboration.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Great opportunity for career growth and continuous professional development.
- Why this job: Join a team that values self-starters and offers real impact in client management.
- Qualifications: Organised, self-motivated, and experienced in underwriting agreements and market tools.
The predicted salary is between 35000 - 45000 £ per year.
We're looking to add a Delegated Authority Technician to our team in Leadenhall to proactively partner and foster relationships with our teams to ensure they have all the support they need to look after our clients effectively.
Pro-actively support the business in the effective management of the underwriting agreements held, providing technical guidance and recommending controls to help ensure market standards are upheld, binder requirements are met and internal best practices are followed.
Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
- To provide high quality and effective, technical and administrative support to the business in relation to the management of both new and existing underwriting agreements (also referred to as binders, binding authority agreements, Coverholder appointment agreements, delegated authority contracts, etc.).
- To draft and review underwriting agreements in accordance with internal standards and contractual and regulatory requirements, recommending amendments as needed.
- To ensure any changes to underwriting agreements, for example via endorsement, are documented and processed accordingly.
- To assist with the approval and registration process of underwriting agreements using various Lloyd's and London Market tools, such as ATLAS, DCOM, QA Tool, Crystal, Xchanging/DXC and DDM.
- To assist with Coverholder approvals and ongoing Lloyd's compliance/due diligence requirements, ensuring accurate records are maintained within ATLAS (or any successor system).
- To carry out system testing (UAT) to ensure new underwriting agreements, products and other system functionality have been programmed correctly, the outputs are accurate, meet internal standards and are in line with contractual and regulatory requirements.
- To be responsible for the creation and upkeep of underwriting agreement manuals and other centrally held files, to help ensure internal records are correct and up to date.
- To be responsible for the accurate and timely upkeep of the master underwriting agreement list/central database.
- To assist in the risk/written bordereaux preparation process for review by Directors/Department Heads and distribution to our capacity providers/carrier partners.
- To assist with the coordination and organisation of capacity provider/carrier partner audits, responding to audit recommendations promptly, via DAM where applicable (or any successor system).
- To be responsible for the updating of internal trackers and other reporting mechanisms.
- To produce reports/MI to assist key stakeholders in the management and oversight of underwriting agreements.
- To respond quickly to ad-hoc requests from external and internal contacts alike, whether the request is received through email, verbally or through our task management system.
- To deal with multiple complex requests with similar priority and be able to take a pragmatic approach to the prioritisation.
- To build and develop trusted relationships with Underwriters and Directors/Department Heads, acting under a Business Partner structure and working collaboratively across teams.
- To perform other regular and ad-hoc activities/duties as required.
- To meet the objectives set out in the End of Year Performance Review as targeted.
- Complete a minimum of 15 hours of Continuous Professional Development annually.
- Refer any matter beyond the level of an individual's experience or authority to their line manager.
- Required Qualifications, Skills, Knowledge, Experience
- Highly organised and self-motivated.
- Ability to work under pressure as part of a small team.
- Attention to detail and deadlines.
- Ability to filter information, assess priorities and make informed decisions.
- Ability to maintain and develop good working relationships at all levels.
- Confident and able to work on own initiative and with limited supervision.
- IT literacy including advanced skills in Word, Excel, Power Point, Outlook and other Microsoft Office applications.
- Excellent problem-solving skills.
- Knowledge / Experience
- Proven track record in a similar role.
- Knowledge of binders and delegated authority practices.
- Experience of Lloyd's and London Market tools. (DCOM, ATLAS etc.)
- Previous experience within either an independent or Broker-owned MGA preferred.
- Broker technician experience advantageous.
- Knowledge of Risk Write advantageous but not essential.
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
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Delegated Authority Technician employer: Kentro Capital
Kentro Capital is an excellent employer, offering a dynamic work environment in Greater London where innovation and collaboration thrive. With a strong focus on employee development, we provide ample opportunities for growth and advancement within the underwriting sector, alongside a supportive culture that values teamwork and professional relationships. Our commitment to compliance and excellence ensures that you will be part of a reputable firm that prioritises both your career and well-being.
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.
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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.
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Don’t shy away from reaching out directly to firms like Kentro Capital. 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 Kentro Capital.
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 Kentro Capital'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 Kentro Capital
✨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 Kentro Capital.
✨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 Kentro Capital 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 Kentro Capital 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.
