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- Tasks: Support the Delegated Underwriting Manager with compliance and administration tasks.
- Company: Join a dynamic team at Lancashire, known for its collaborative culture.
- Benefits: Gain valuable experience in underwriting with opportunities for growth.
- Why this job: Make an impact in the insurance industry while developing your skills.
- Qualifications: Experience in Delegated Underwriting and strong analytical skills required.
- Other info: Be part of a supportive environment that values honesty and teamwork.
The predicted salary is between 36000 - 60000 £ per year.
The key purpose of this role is to provide support to the Delegated Underwriting Manager in any activities relating to the monitoring and compliance with underwriting requirements as set out within The Principles for doing business at Lloyd's ("The Principles"). Additionally, this role will assist with administration and other clerical duties that impact the Delegated Underwriting team.
Department: Underwriting Operations
Location: London
Responsibilities
- Responsible for the administration of coverholder due diligence
- Responsible for the completion of Lloyd's pre-bind quality assurance (PBQA) and general contract reviews in line with expected targets
- Assist with the coverholder audit function including scheduling, review of audit reports and ensuring outcomes are followed up as required
- Assist with the oversight of bordereau received from Coverholders, including mapping and processing, as required
- Responsible for maintaining and circulating required coverholder information from Lloyd's ATLAS and DCOM systems
- Producing delegated underwriting information for monthly packs and regulatory returns
- Producing conduct related management information in respect of delegated underwriting
- Review and report on data received from coverholders
- Regular liaison with Underwriters, Claims, Finance and Compliance teams
- Ensuring compliance with "The Principles" as they relate to Delegated Underwriting
- Assisting colleagues with ad hoc duties as and when required
- Keeping up to date on technical and operational delegated issues that impact the Delegated Underwriting team
- Attending meetings and liaising with the Lloyd's Third-Party Oversight (Delegated Authority)
Reporting
- Production of regular and ad hoc business reports relating to delegated authority risks including the associated conduct risk information
- Assist with the production of regular and ad hoc business reports
- Provide Management Information (MI) to manager for reporting purposes
Essential Skills & Requirements
- A thorough understanding of Lloyd's reporting requirements and the requirements under "The Principles"
- Experience in a Delegated Underwriting role
- Good mathematical and analytical skills
- Strong IT skills
- Good organisational skills including the ability to prioritise and handle the allocation of workloads, ensuring specific deadlines are met
- The ability to work well within the team, sharing knowledge and training to meet business and team goals
The Lancashire Way
At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.
- Straight-talking: We feel empowered to share thoughts and ideas, because everyone's voice matters.
- Collaborative: We work together towards common goals, share knowledge and support each other.
- Hard-working: We all have a stake in the company's success and are proactive in contributing to our goals and vision.
- Responsible: We focus on achieving tangible results with consistent standards across the Group.
- Positive: We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.
Delegated Underwriting Assistant in London employer: Lancashire Insurance Group
Contact Detail:
Lancashire Insurance Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Underwriting Assistant in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at Lloyd's or in delegated underwriting. 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 Principles and Lloyd's reporting requirements. Show us you know your stuff and can hit the ground running!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email. It shows you're keen and keeps you fresh in their minds.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team.
We think you need these skills to ace Delegated Underwriting Assistant in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Delegated Underwriting Assistant role. Highlight any relevant experience you have in underwriting or compliance, and don’t forget to showcase your analytical skills. We want to see how you can contribute to our team!
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 values at StudySmarter. Keep it concise but impactful – we love a good story!
Showcase Your Team Spirit: Since collaboration is key in our culture, make sure to mention any experiences where you've worked well in a team. We’re looking for someone who can share knowledge and support colleagues, so let us know how you’ve done this in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s super easy and ensures your application gets to the right place. Plus, you’ll find all the info you need about the role there!
How to prepare for a job interview at Lancashire Insurance Group
✨Know Your Lloyd's Principles
Make sure you have a solid understanding of 'The Principles for doing business at Lloyd's'. Familiarise yourself with the key compliance requirements and how they relate to delegated underwriting. This will show your potential employer that you're serious about the role and understand the industry's standards.
✨Brush Up on Your Analytical Skills
Since this role requires good mathematical and analytical skills, be prepared to discuss your experience in these areas. You might even want to practice some relevant calculations or data analysis scenarios beforehand. This will help you demonstrate your capability to handle the responsibilities effectively.
✨Showcase Your Organisational Skills
Highlight your ability to prioritise tasks and manage workloads during the interview. You could share examples from past experiences where you successfully met deadlines while juggling multiple responsibilities. This will reassure them that you can handle the demands of the role.
✨Emphasise Team Collaboration
This position involves regular liaison with various teams, so it's crucial to convey your teamwork skills. Share instances where you've collaborated effectively with others, especially in high-pressure situations. This will illustrate that you can contribute positively to their team culture.
