At a Glance
- Tasks: Evaluate and manage financial risks in the insurance sector while ensuring effective oversight.
- Company: Join Lloyd’s, the world’s leading insurance marketplace with a commitment to integrity and innovation.
- Benefits: Competitive day rate for a 3-month contract with opportunities for professional growth.
- Why this job: Be part of a team that shapes a braver, more sustainable future in the insurance industry.
- Qualifications: Proven underwriting experience in the Lloyd’s market and strong analytical skills required.
- Other info: Collaborative environment focused on diversity and social responsibility.
Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world. Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks. Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.
Lloyd’s are recruiting for a Delegated Authority Contractor on a 3 Months basis on a day rate. All roles within Lloyd’s have an integral part to play in the achievement of the Strategy: Lloyd's becoming a brand that is globally admired and recognised and respected for its reputation as the world’s specialist centre for (re)insurance. Lloyd's will be known around the world for its integrity and will be a place where talented, diverse and socially responsible employees feel proud to work.
Risk & Regulatory is critical to Lloyd’s achieving its long term aims by ensuring risks to the strategy are effectively identified, assessed and managed within risk appetites set by the Council.
Skills, Knowledge and Experience:- Proven underwriting background within the Lloyd’s market, with direct experience of writing and overseeing Delegated Authority business, including broker facilities, binders, coverholders and TPAs.
- Practical understanding of how delegated underwriting operates, with the ability to assess oversight effectiveness from a practitioner perspective.
- Demonstrable knowledge of Lloyd’s Principles-Based Oversight (PBO) framework and how it applies to Delegated Authority business.
- Experience operating at a senior level within underwriting, underwriting management, DA governance or assurance functions in a Lloyd’s context.
- Ability to evaluate governance, control frameworks and risk management through a second line / assurance lens while grounded in real underwriting practice.
- Analytical capability, including review of underwriting MI, wider business outputs and performance measures to form evidence-based conclusions.
- Excellent written and verbal communication skills, with experience delivering clear, professional assurance reporting to senior stakeholders.
- Able to work as part of a team, apply sound judgement and deliver high-quality outputs within tight timelines.
Delegated Authority (Contractor) Financial Risk in London employer: Lloyd's
Contact Detail:
Lloyd's Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Authority (Contractor) Financial Risk in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the Lloyd’s market and let them know you’re on the lookout for opportunities. A friendly chat can lead to insider info or even a referral, which can give you a leg up in the hiring process.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Delegated Authority business. Be ready to discuss your experience with broker facilities and coverholders, as well as how you’ve applied the PBO framework in your previous roles. Show them you’re not just a fit, but the perfect fit!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a quick thank-you note to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds and shows you’re genuinely keen on joining the team.
✨Tip Number 4
Apply through our website for the best chance at landing that role! We’re all about making connections and finding the right talent, so don’t miss out on the opportunity to showcase your skills directly to us.
We think you need these skills to ace Delegated Authority (Contractor) Financial Risk in London
Some tips for your application 🫡
Show Your Passion for the Industry: When writing your application, let your enthusiasm for the insurance and reinsurance sector shine through. We want to see how your values align with ours at Lloyd’s, so don’t hold back on sharing why you’re excited about building a braver future with us!
Tailor Your Experience: Make sure to highlight your relevant experience in underwriting and Delegated Authority business. We’re looking for specific examples that demonstrate your understanding of the Lloyd’s market and how you’ve successfully managed risks in previous roles.
Be Clear and Concise: Your written application should be professional yet easy to read. Use clear language and avoid jargon where possible. We appreciate well-structured applications that get straight to the point while showcasing your skills and experience.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team at Lloyd’s.
How to prepare for a job interview at Lloyd's
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially within the Lloyd’s market. Be ready to discuss your experience with Delegated Authority business, including broker facilities and coverholders. This will show that you understand the nuances of the role and can hit the ground running.
✨Demonstrate Your Analytical Skills
Prepare to showcase your analytical capabilities by discussing specific examples where you've reviewed underwriting MI or performance measures. Bring evidence-based conclusions to the table, as this will highlight your ability to assess oversight effectiveness and contribute to risk management.
✨Communicate Clearly and Confidently
Since excellent communication is key, practice articulating your thoughts clearly. Prepare to deliver assurance reporting examples to senior stakeholders, demonstrating your ability to convey complex information in a straightforward manner. This will help you stand out as a strong candidate.
✨Align with Their Values
Familiarise yourself with Lloyd’s values: bravery, teamwork, integrity, and social responsibility. Think of ways you can demonstrate these values through your past experiences. Showing that you share their passion for building a sustainable and inclusive future will resonate well during the interview.