At a Glance
- Tasks: Support the Delegated Authority team with compliance and administrative tasks in a dynamic insurance environment.
- Company: Join Starr, a rapidly growing global insurance and investment organisation.
- Benefits: Inclusive culture, first-class training, and opportunities for personal growth.
- Other info: Collaborative environment with opportunities to engage in market seminars and workshops.
- Why this job: Make an impact in a vital role within a leading insurance company.
- Qualifications: Experience in delegated authorities and strong analytical skills required.
The predicted salary is between 35000 - 45000 £ per year.
Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.
The role of the Delegated Authority Analyst is vital to support the DA team with the successful implementation of STARR’s Delegated Authority strategy, with focus on service to Underwriters, due diligence and audit review work. The purpose of the role is to provide administrative support of all third-party delegated authority arrangements within STARR’s Syndicate 218 and 1856, ensuring compliance with the company’s Delegated Authority Framework.
Key Responsibilities- Ensure Underwriters are provided with the appropriate service aligned to market and STARR DUA framework, specifically working on new coverholder applications and existing delegated authorities (Binding Authorities, Lineslips, Consortium and Delegated Claims Administrators (DCAs)).
- Bordereaux management and EPI Monitoring assistance and support with processing and resolving bordereaux or EPI queries.
- Support the approval process as part of STARR Delegated Authority Procedures including due diligence and ongoing monitoring for coverholders, service companies, lineslips, Consortium arrangements and Delegated Claims Administrators (DCAs).
- Prepare performance reporting and insights of STARR’s delegated authority arrangements, including KPIs discussing with Underwriting teams.
- Support the co-ordination of audit planning and follow up programme for Coverholders, MGAs, service companies and DCAs.
- Support the Delegated Team with administrating the review process for all lineslips, consortium and master policies falling within STARR.
- Assist the Delegated Authority Team with any DA regulatory and Lloyd’s returns as required and actions arising from market thematic reviews are embedded within the company.
- Build and maintain a strong relationship with all business units, particularly Underwriting teams.
- Attend the Delegated Underwriting Managers (‘DUM’) forums and other market seminars/workshops and provide summary updates to the Senior Compliance Officer as required.
- Provide administrative assistance and co-ordination support for internal/external audit reviews and other ad hoc DA projects.
The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Qualifications, skills and experience- Relative experience working in Delegated Authorities Administrative role within an insurance company, ideally Lloyd’s market.
- Attention to detail, excellent due diligence, and investigative skills.
- Strong analytical, written and communication skills.
- Excellent organisation and time management skills.
- Strong interpersonal skills with the ability to communicate effectively with individuals at all levels of the business in a confident and professional manner.
- IT literate with experience of third-party Lloyd’s management systems, including DCOM, DAM, Lineage, Atlas, Crystal, DDM & LWR.
- Strong Excel skills.
- Analysis and decision making
- Innovation and problem solving
- Strategic perspective
- Performance focus
- Communication and influence
- Resilience and adaptability
Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Delegated Authority Analyst in London employer: Starr
Starr is an exceptional employer, offering a dynamic work environment where talented individuals can thrive in the global insurance sector. With a strong commitment to employee development, we provide first-class training opportunities and foster an inclusive culture that values diversity and innovation. Join us in London and be part of a passionate team dedicated to supporting the profitable growth of businesses worldwide.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Analyst in London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those who work with Delegated Authorities. A friendly chat can lead to insider info about job openings that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the Lloyd’s market and STARR’s Delegated Authority Framework. Show us you’re not just a candidate, but someone who’s genuinely interested in making an impact!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our talented team at STARR.
We think you need these skills to ace Delegated Authority Analyst in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Delegated Authority Analyst role. Highlight relevant experience in delegated authorities and insurance, and don’t forget to showcase your analytical and communication skills!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your skills align with STARR’s Delegated Authority strategy. Keep it concise but impactful!
Showcase Your Attention to Detail:In this role, attention to detail is key. Make sure your application is free from typos and errors. You could even mention specific examples of how your attention to detail has made a difference in your previous roles.
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application goes directly to us. Plus, you’ll get to see all the other exciting opportunities we have!
How to prepare for a job interview at Starr
✨Know Your Stuff
Make sure you understand the Delegated Authority Framework and how it applies to Starr. Brush up on your knowledge of coverholder applications, binding authorities, and the various systems mentioned in the job description. This will show that you're not just interested in the role but also prepared to hit the ground running.
✨Showcase Your Analytical Skills
Prepare examples from your past experience where you've demonstrated strong analytical skills or problem-solving abilities. Be ready to discuss how you approached a complex issue, what tools you used, and the outcome. This is crucial for a role that involves performance reporting and insights.
✨Build Rapport
Since the role requires strong interpersonal skills, practice building rapport during the interview. Engage with your interviewers by asking insightful questions about their experiences at Starr and how they collaborate with Underwriting teams. This will help you come across as personable and genuinely interested in the company culture.
✨Be Organised
Demonstrate your excellent organisation and time management skills by preparing a structured approach to your interview. Bring along a notebook with key points you want to cover, questions for the interviewers, and any relevant documents. This will reflect your attention to detail and readiness to manage multiple tasks effectively.
