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- Tasks: Lead due diligence and compliance for Delegated Authority processes.
- Company: Join Markel, a Fortune 500 company with a global presence in insurance and reinsurance.
- Benefits: Enjoy a competitive salary, annual bonus, and extensive benefits including 25 days holiday and a pension scheme.
- Why this job: Make a meaningful impact while working in a dynamic team that values innovation and collaboration.
- Qualifications: Experience in Delegated Authority Management and strong knowledge of Lloyd's DA regulations required.
- Other info: Flexible working patterns available; we celebrate diversity and inclusivity.
The predicted salary is between 43200 - 72000 £ per year.
Delegated Authority Manager
Markel Corporation London, United Kingdom
Looking for a role that will have a meaningful impact in Delegated Authority?
We are looking for a manager for our Governance & Delegated team at Markel International. The team oversees underwriting and claims controls across multiple divisions. The Delegated Authority Manager ensures effective due diligence and regulatory compliance for these processes.
What part will you play?
If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.
Join us and play your part in something special!
The opportunity:
The Governance & Delegated team at Markel International is responsible for the 1st controls of our International Delegated Authority in respect of underwriting across all divisions and delegated claims covering our Wholesale, State National Global, Global Re and Global Specialty Divisions. In addition, we provide assurance from a Product and Underwriting Governance perspective for Wholesale and State National Global divisions.
The role of the Delegated Authority Manager is vital to support the effectiveness of Markel International’s Due Diligence process, and you will be a key member of the Governance & Delegated department’s management team.
What you’ll be doing:
In this role, you’ll be at the forefront of ensuring thorough due diligence reviews of coverholders, adhering to all internal policies and regulatory requirements. You’ll enhance and embed processes for Delegated Underwriting and Claims onboarding, ensuring compliance is consistently achieved. Overseeing the implementation of the Delegated workflow system, you’ll ensure it meets all functional requirements and produces the necessary management information outputs.
You’ll keep the Delegated Authority and Claims business monitoring tracker up to date, ensuring your team completes it effectively. By developing and aligning the Delegated Authority and Claims function, you’ll ensure quality and consistency in meeting KPIs and SLAs. You’ll also manage the post-bind activity process, ensuring tasks are completed efficiently and on time.
Your role includes first-line due diligence management and oversight of global Service Company Arrangements, in line with agreed procedures and standards. You’ll foster close relationships with Governance, Risk, Compliance, Underwriting, and Claims teams to ensure all regulatory requirements for Delegated business are met and documented. Additionally, you’ll co-chair the Delegated Oversight Group(s) in your area of responsibility and attend the Delegated Oversight Committee as needed. This position offers a dynamic and impactful opportunity to lead and innovate within the Delegated Authority and Claims space.
Our must-haves:
- Previous experience of working in Delegated Authority Management ideally from a Syndicate / Managing Agent / Lloyd’s of London perspective is essential.
- Experience of both International and UK consumer delegated authority business is required, with particular focus on UK binding authorities given recent regulatory changes in the UK Consumer Duty space.
- Robust knowledge of Lloyd’s DA regulation with regards to binders including knowledge of DCOM and ATLAS.
- Ability to think strategically and innovatively to aid in the development of the business.
- Excellent interpersonal, decision-making, and organisational skills.
- Ability to guide, inspire, and manage their team or stakeholders towards achieving common objectives.
- Good and effective communicator – open, honest, and respectful.
- High level of accuracy and attention to detail.
- Willingness to take responsibility and accountability in a collaborative manner.
- Ability to deliver work on time to a set deadlines.
- Good understanding of Microsoft Office, Word and Excel.
- Effective stakeholder management skills.
Who we are:
Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.
We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further
What’s in it for you?
- A great starting salary plus annual bonus & strong benefits package…
- 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave.
- Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer.
- There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!
Are you ready to play your part?
Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.
Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.
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Delegated Authority Manager | London, UK employer: Markel Corporation
Contact Detail:
Markel Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Authority Manager | London, UK
✨Tip Number 1
Familiarize yourself with the latest regulatory changes in the UK Consumer Duty space. Understanding these changes will not only help you in interviews but also demonstrate your commitment to staying updated in the Delegated Authority Management field.
✨Tip Number 2
Network with professionals in the Lloyd's of London community. Attend industry events or join relevant online forums to connect with others who have experience in Delegated Authority Management, which can provide valuable insights and potential referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed due diligence processes in previous roles. Highlighting your hands-on experience will show that you can effectively oversee the compliance and governance aspects of the role.
✨Tip Number 4
Demonstrate your strategic thinking skills by preparing ideas on how to enhance the Delegated Authority and Claims function. Presenting innovative solutions during your interview can set you apart as a candidate who is ready to contribute from day one.
We think you need these skills to ace Delegated Authority Manager | London, UK
Some tips for your application 🫡
Understand the Role: Make sure you thoroughly understand the responsibilities and requirements of the Delegated Authority Manager position. Tailor your application to highlight your relevant experience in Delegated Authority Management, especially from a Syndicate or Managing Agent perspective.
Highlight Relevant Experience: In your CV and cover letter, emphasize your previous experience with UK binding authorities and your knowledge of Lloyd's DA regulation. Be specific about your achievements and how they relate to the role at Markel Corporation.
Showcase Your Skills: Demonstrate your strategic thinking, decision-making, and interpersonal skills in your application. Provide examples of how you've guided teams or stakeholders towards achieving common objectives, as these are crucial for the role.
Craft a Compelling Cover Letter: Write a personalized cover letter that reflects your enthusiasm for the role and the company. Mention why you want to work at Markel Corporation and how you can contribute to their Governance & Delegated team.
How to prepare for a job interview at Markel Corporation
✨Showcase Your Delegated Authority Experience
Make sure to highlight your previous experience in Delegated Authority Management, especially if it comes from a Syndicate or Managing Agent perspective. Be prepared to discuss specific examples of how you've navigated regulatory changes and ensured compliance in your past roles.
✨Demonstrate Strategic Thinking
The role requires innovative thinking to develop the business. Prepare to share instances where you've successfully implemented strategic initiatives or improved processes in your previous positions, particularly in relation to underwriting and claims.
✨Emphasize Interpersonal Skills
As a Delegated Authority Manager, you'll need to foster relationships across various teams. Be ready to discuss how you've effectively communicated and collaborated with stakeholders in the past, showcasing your ability to guide and inspire others.
✨Prepare for Technical Questions
Given the technical nature of the role, brush up on your knowledge of Lloyd's DA regulations, DCOM, and ATLAS. Expect questions that assess your understanding of these areas and be prepared to explain how you would apply this knowledge in practice.
