At a Glance
- Tasks: Manage delegated authority agreements and support underwriting teams in a dynamic environment.
- Company: Join a forward-thinking MGA with a collaborative culture in London.
- Benefits: Earn up to £60,000 with a comprehensive benefits package and hybrid working.
- Other info: Great opportunities for long-term career development and progression.
- Why this job: Make a real impact while developing your career in the 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.
Technician - HOME BASED 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 Technician - HOME BASED 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
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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.
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Don’t shy away from reaching out directly to firms like Nashrock Insurance Recruitment. 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 Technician - HOME BASED in London
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 Nashrock Insurance Recruitment.
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 Nashrock Insurance Recruitment'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 Nashrock Insurance Recruitment
✨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 Nashrock Insurance Recruitment.
✨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 Nashrock Insurance Recruitment 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 Nashrock Insurance Recruitment 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.
