At a Glance
- Tasks: Manage delegated authority agreements and support underwriting teams in a fast-paced environment.
- Company: Join a forward-thinking MGA with a collaborative culture in the heart of London.
- Benefits: Earn up to £60,000 with a comprehensive benefits package and hybrid working options.
- Other info: Great opportunities for long-term career development and exposure to diverse business.
- Why this job: Make a real impact while developing your career in the dynamic Lloyd's market.
- Qualifications: Experience in Delegated Authority or Binder Management and strong communication skills.
The predicted salary is between 60000 - 60000 £ per year.
Are you an experienced Delegated Authority Technician looking to join a growing, forward-thinking MGA where your expertise will make a real impact? We're partnering with a highly respected specialist MGA that's seeking a talented professional to support the management and oversight of its delegated authority portfolio. This is an excellent opportunity to work alongside experienced underwriters and senior stakeholders, ensuring underwriting agreements are managed efficiently while maintaining the highest technical and regulatory standards.
The Role
As a Delegated Authority Technician, you'll be responsible for the administration, oversight and ongoing management of delegated authority agreements across the business. You'll provide technical support to underwriting teams, ensure compliance with Lloyd's and London Market requirements, and play a key role in maintaining the integrity of delegated authority processes.
Key Responsibilities
- Draft, review and maintain new and existing binding authority agreements.
- Manage endorsements and amendments to delegated authority contracts.
- Support the approval and registration of agreements through Lloyd's and London Market systems, including ATLAS and DCOM.
- Assist with Coverholder approvals, due diligence and ongoing compliance requirements.
- Produce management information and reports to support business oversight.
- Maintain accurate records, trackers and central databases.
- Support capacity provider audits and assist with bordereaux preparation.
- Work closely with Underwriters, Directors and stakeholders, providing technical guidance and ensuring best practice is followed.
- Respond to technical queries and manage multiple priorities within a fast-paced environment.
About You
- Previous experience in a Delegated Authority or Binder Management.
- A strong understanding of Lloyd's and London Market delegated authority processes.
- Experience using Lloyd's systems such as DCOM, ATLAS and other market platforms.
- Excellent organisational skills and exceptional attention to detail.
- Strong communication skills with the ability to build relationships across underwriting and operational teams.
- Experience working within an MGA, insurer or Lloyd's broker.
What's on Offer
- Competitive salary of up to £60,000, depending on experience.
- Hybrid working in the City of London with hybrid pattern of 3 days a week in the office.
- Comprehensive benefits package.
- The opportunity to join a collaborative and growing specialist MGA.
- Long-term career development and progression.
- Exposure to a broad range of delegated authority business within the Lloyd's market.
If you're looking to take the next step in your Delegated Authority career and would like to learn more, I'd be delighted to speak with you in confidence.
Marine Technician (Permanent Position) in London employer: Nashrock Insurance Recruitment
Nashrock Insurance Recruitment is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. With a focus on employee growth, the company provides ample opportunities for progression within the insurance sector, particularly in the exciting MEA markets. Employees benefit from competitive salaries and the chance to engage with complex, high-profile risks, making it a rewarding place to build a meaningful career.
Contact Details:
Nashrock Insurance Recruitment Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Marine Technician (Permanent Position) in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Nashrock Insurance Recruitment). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Nashrock Insurance Recruitment. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Marine Technician (Permanent Position) in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Nashrock Insurance Recruitment.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Nashrock Insurance Recruitment. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Nashrock Insurance Recruitment
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Nashrock Insurance Recruitment to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Nashrock Insurance Recruitment, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Nashrock Insurance Recruitment's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
