Delegated Authority Analyst in London

Delegated Authority Analyst in London

London Full-Time 50000 - 65000 £ / year (est.) No working from home possible
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At a Glance

  • Tasks: Manage and monitor Delegated Underwriting Authority portfolios while ensuring compliance.
  • Company: Leading Lloyd's Insurer offering hybrid working opportunities.
  • Benefits: Competitive salary, flexible work environment, and career development.
  • Other info: Exciting opportunity for growth in a fast-paced environment.
  • Why this job: Join a dynamic team and make an impact in the insurance industry.
  • Qualifications: Experience with Lloyd’s Coverholder relationships and relevant regulatory knowledge.

The predicted salary is between 50000 - 65000 £ per year.

Supporting the management and monitoring of the Delegated Underwriting Authority (DUA) portfolio, as required by the DUA Manager and Chief Underwriting Officers of both trading platforms.

Contributing to the set up and ongoing operation of all DUAs and their compliance with relevant regulatory requirements.

Assist with managing the Delegated Authority portfolio by:

  • Completing onboarding due diligence for all new Coverholders including sponsorships to Lloyds
  • Maintaining ongoing due diligence for the life cycle of the Coverholder relationship and underlying contracts
  • Conducting renewal due diligence for all existing binders, lineslips and consortia
  • Completing Coverholder applications, class of business, branch offices and regional extensions for Coverholders
  • Supporting Underwriting and claims teams with delegated authority queries and approval processes including Mid Term changes
  • Contributing to the life cycle management of the delegated authority book of business

Experience of managing Lloyd’s Coverholder relationships and associated processes and regulations.

Have a working knowledge of Lloyd’s DA systems including Atlas, DCOM, DAM, Wordings Repository, Crystal Plus etc.

Delegated Authority Analyst in London employer: Morson Edge (Financial Services)

Morson Edge offers a dynamic and supportive work environment in the heart of London, where innovation meets security in cloud operations. Employees benefit from a culture that prioritises professional growth, with opportunities to enhance skills in Azure administration and security practices. The company's commitment to a collaborative atmosphere ensures that every team member's contributions are valued, making it an excellent choice for those seeking meaningful and rewarding employment.

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Contact Details:

Morson Edge (Financial Services) Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Delegated Authority Analyst in London

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.

Connect on Professional Platforms

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.

Apply Directly and Be Proactive

Don’t shy away from reaching out directly to firms like Morson Edge (Financial Services). 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 Analyst in London

Delegated Underwriting Authority (DUA) Management
Regulatory Compliance
Due Diligence
Coverholder Relationship Management
Contract Management
Underwriting Support
Claims Support

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 Morson Edge (Financial Services).

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 Morson Edge (Financial Services)'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 Morson Edge (Financial Services)

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 Morson Edge (Financial Services).

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 Morson Edge (Financial Services) 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 Morson Edge (Financial Services) 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.