Delegated Authority Business Partner in London

Delegated Authority Business Partner in London

London Full-Time 45000 - 55000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Support onboarding and governance of delegated authority business in a dynamic team.
  • Company: Join Sompo, a global leader in insurance with a commitment to diversity and inclusion.
  • Benefits: Enjoy competitive pay, health benefits, tuition reimbursement, and professional development opportunities.
  • Other info: Collaborative environment with excellent career growth potential.
  • Why this job: Make a real impact in the insurance industry while building valuable relationships.
  • Qualifications: 2+ years in the London Insurance Market and strong communication skills required.

The predicted salary is between 45000 - 55000 £ per year.

Are you looking for your next opportunity? Sompo has a unique opportunity for a Delegated Authority Business Partner in our Delegated Authority team. Our Delegated Authority team plays a key role in supporting the efficient and compliant oversight of delegated authority business across the organisation. Working closely with underwriters, claims teams, brokers, coverholders, and other third parties, the team helps ensure strong operational delivery, effective governance, and a high standard of service across delegated authority and conduct activities.

Location: This position will be based out of our London office.

What you’ll be doing:

  • Support all Delegated Authority onboarding activity, including coordinating pre-inception due diligence and engaging with underwriters, claims managers, brokers, coverholders, and other delegated authority holders to ensure the timely completion of questionnaires and approval processes.
  • Review delegated authority contracts to help ensure appropriate terms are in place, working closely with Underwriters, Claims, Brokers, and Coverholders.
  • Act as a key contact for delegated authorities, claims managers, and underwriters, managing queries and liaising with relevant internal departments to support efficient resolution.
  • Provide day-to-day administrative support to maintain delegated authority service delivery, including monitoring service levels, bordereaux processing, and the dissemination of performance and regulatory information linked to claims service delivery and Conduct Risk compliance.
  • Support conduct-related activities, including product oversight procedures, product reviews, and the ongoing application of delegated authority governance requirements.
  • Produce and analyse regular management information and team reporting, identifying trends, issues, and opportunities for process improvement while working collaboratively with offshore team members and wider stakeholders.

What you’ll bring:

  • Familiarity with Lloyd’s market operational processes and a good understanding of delegated authority administration within the London Insurance Market.
  • Strong attention to detail, with the ability to review detailed reports and summarise key information clearly for stakeholders and management.
  • Excellent communication and stakeholder management skills, with the ability to build effective working relationships internally and externally.
  • A collaborative approach to working, including the ability to coordinate effectively with remote and offshore teams.
  • Minimum of 2+ years’ experience in the London Insurance Market in an operational, reporting, or support role.
  • Progression toward ACII is preferred, or a willingness to undertake professional study while in role.

At Sompo, we recognise that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees. Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of some of the benefits we offer, which may vary depending on the country:

  • Health & Wellness Benefits
  • Retirement & Savings Plans
  • Global Parental Leave & Adoption Assistance
  • Employee Assistance Program
  • Tuition Reimbursement & Professional Qualification benefits

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work.

We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 137 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 10,000 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™.

Delegated Authority Business Partner in London employer: Sompo Holdings Inc

At Sompo Holdings, Inc., we pride ourselves on fostering a dynamic and inclusive work culture that empowers our employees to thrive. As a Credit Controller in our London office, you will benefit from a hybrid working model, competitive remuneration, and opportunities for professional development within a supportive team environment. Join us to make a meaningful impact while enjoying the unique advantages of working in one of the world's leading insurance firms.

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Contact Details:

Sompo Holdings Inc Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Delegated Authority Business Partner 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.

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Look Out for Graduate Schemes

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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 Sompo Holdings Inc. 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 Delegated Authority Business Partner in London

Delegated Authority Administration
Lloyd's Market Operational Processes
Attention to Detail
Communication Skills
Stakeholder Management
Collaboration
Administrative Support

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 Sompo Holdings Inc.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Sompo Holdings Inc. 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 Sompo Holdings Inc

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Sompo Holdings Inc 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 Sompo Holdings Inc, 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 Sompo Holdings Inc'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.