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For Companies At a Glance
- Tasks: Support audit teams, ensure compliance, and assist in report preparation.
- Company: Join a global specialty insurance business focused on oversight and control.
- Benefits: Enjoy travel opportunities, 25 days holiday, private medical insurance, and a generous pension.
- Why this job: Be part of a new function with a strong impact on business integrity and risk management.
- Qualifications: Experience in audit within insurance, data analysis skills, and a willingness to travel.
- Other info: Inclusive recruitment process welcoming diverse backgrounds and experiences.
Delegated Authority Assurance Technician
Insurance
London
48-55,000 D.O.E
Delegated Authority Assurance Technician is required to join a specialty insurance business which is part of a wider global insurance business on a permanent basis.
This role is part of a newly created function in the business to strengthen the business oversight and control of DA relationships.
About the Delegated Authority Assurance Technician role;
- You will be supporting the delegated authority audit and assurance teams
- Assist in the assurance that Outsourced Service providers are complying with contractual and regulatory requirements
- You will be assisting with audit preparation, drafting reports, tracking and analysis of audit findings along with reviewing information to check procedures are adhered to in order to minimise risk to the business and its policyholders.
Key Responsibilities of the Delegated Authority Assurance Technician role;
Audit
- Assist with annual audit planning and reporting
- To maintain audit systems and undertake data quality checks of such systems.
- To support the preparation and delivery of accurate and timely audits as per the DA Audit plan and audit methodology, including supporting and conducting fieldwork where directed and required.
- Supporting in the production of written Audit reports for Senior Management
- Ensure audit issues identified are followed up and satisfactorily addressed with the relevant stakeholders.
Assurance
- Assisting in the tracking and review of identified actions.
- Assist in the production of all regular MI reporting to the required Boards and Committees
- Contributes in undertaking trend analysis on audit findings and discusses with relevant SMEs to consider rectification on a wider business level.
- Monitor and record the results and progress of audits performed of approved Delegated Authority Arrangements, and externally validated reports of OSPs.
- Undertake Quality Assurance Reviews as part of the Quality Assurance and Improvement Programme of the Great Lakes Delegated Authority Audit Pillar.
- Participate in the \’on-boarding\’ of potential new Agents / Coverholders and or TPAs (due diligence) when required.
- Assist in the auditing of Sub-Third Party Service Providers (Sub-Agents or Sub-TPSPs) when required. This will include the carrying out audit fieldwork both onsite and remotely as required, this includes travel and opportunities for overseas travel
Regulatory and Conduct
- Provide support to colleagues within the Team or other business units or external resources for ad hoc requests, or longer-term projects
- Satisfying all regulatory reporting requirements in collaboration with the reporting function when required.
- Ensuring compliance with Munich Re\’s Code of Conduct and the FCA Conduct Rules.
Experience required for the Delegated Authority Assurance Technician role;
- Be prepared to Travel (both within UK and outside of UK)
- Experience of Audit and Assurance within an insurance setting ideally
- Ideally have a background in oversight and control
- Ideally have knowledge of legal contracts
- Data analysis experience
Benefits of the Delegated Authority Assurance Technician;
- Opportunity to travel abroad and around the UK
- 2 days office required
- 25 days holiday plus option to purchase more
- Private Medical Insurance
- 10% Pension Contributions
- 6 months Paid Family Leave
Please contact Chelsey Saxon for more information and to have a confidential discussion.
Sellick Partnership is proud to be an inclusive and accessible recruitment business and we support applications from candidates of all backgrounds and circumstances. Please note, our advertisements use years\’ experience, hourly rates, and salary levels purely as a guide and we assess applications based on the experience and skills evidenced on the CV. For information on how your personal details may be used by Sellick Partnership, please review our data processing notice on our website.
Delegated Authority Assurance Technician employer: Sellick Partnership
Contact Detail:
Sellick Partnership Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Authority Assurance Technician
✨Tip Number 1
Familiarise yourself with the specific regulatory requirements and compliance standards in the insurance industry. Understanding these will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the insurance sector, especially those involved in audit and assurance roles. Attend industry events or join relevant online forums to gain insights and potentially get referrals.
✨Tip Number 3
Prepare for potential interview questions by reviewing common audit scenarios and how you would handle them. Being able to discuss real-life examples will showcase your problem-solving skills and experience.
✨Tip Number 4
Stay updated on the latest trends in delegated authority and audit practices. This knowledge can set you apart from other candidates and show that you are proactive about your professional development.
We think you need these skills to ace Delegated Authority Assurance Technician
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Delegated Authority Assurance Technician role. Tailor your application to highlight relevant experience in audit and assurance within an insurance setting.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience related to audit preparation, data analysis, and compliance with regulatory requirements. Use specific examples to demonstrate your skills and achievements in these areas.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention why you are interested in working for this specialty insurance business and how you can contribute to their goals.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects attention to detail, which is crucial for the role of a Delegated Authority Assurance Technician.
How to prepare for a job interview at Sellick Partnership
✨Understand the Role
Make sure you have a solid grasp of what a Delegated Authority Assurance Technician does. Familiarise yourself with the key responsibilities, such as audit preparation and compliance checks, so you can discuss how your skills align with these tasks.
✨Showcase Your Audit Experience
Highlight any previous experience you have in audit and assurance within an insurance setting. Be prepared to discuss specific examples of audits you've conducted or participated in, and how you ensured compliance with regulatory requirements.
✨Demonstrate Data Analysis Skills
Since data analysis is a crucial part of this role, be ready to talk about your experience with data quality checks and trend analysis. You might want to prepare a few examples of how you've used data to drive decisions or improve processes.
✨Prepare for Travel Questions
As the role requires travel both within the UK and abroad, be prepared to discuss your flexibility and willingness to travel. Think about any past experiences that demonstrate your adaptability and readiness for on-site audits.