At a Glance
- Tasks: Support Underwriters with delegated authority strategy and ensure compliance with audit management.
- Company: Join Starr, a global leader in insurance and investment solutions.
- Benefits: Inclusive workplace, excellent training, and development opportunities.
- Other info: Dynamic role with opportunities for career growth and mentorship.
- Why this job: Make a real impact in a fast-growing insurance organisation.
- Qualifications: Experience in Delegated Authorities and strong analytical skills required.
The predicted salary is between 60000 - 75000 £ per year.
About us
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.
Role Purpose
The role of the Senior Delegated Authority Analyst is vital to support the DA team with the successful implementation of IQUW’s Delegated Authority strategy, with focus on service to Underwriters, due diligence and audit management. The purpose of the role is to support the IQUW delegated authority (DA) function, primarily Underwriters writing delegated authority arrangements within IQUW’s Syndicate 218 and 1856, ensuring compliance with the company’s Delegated Authority (DA) Framework.
Key Responsibilities
- In line with the DA Framework provide full support to Underwriters and other relevant stakeholders by ensuring due diligence and ongoing monitoring is undertaken across all new and existing delegated authorities (Binding Authorities, Line slips, Consortium and Delegated Claims Administrators (DCAs).
- To undertake all the steps of the IQUW audit policy and to ensuring the timely implementation of the annual audit programme for Cover-holders and DCAs.
- Prepare governance and other performance reporting and insights of IQUW’s delegated authority arrangements, including discussing KPIs with Underwriting and relevant stakeholder teams.
- To support the Delegated Authority Team with administrating the review process for all binding authorities, line slips, consortium and DCAs falling within IQUW.
- To produce any DA regulatory and Lloyd’s returns as required and actions arising from market thematic reviews are embedded within the company.
- To build and maintain a strong relationship with all business units, particularly Underwriting teams.
- Where required, to attend the Delegated Underwriting Managers (‘DUM’) forums and other market seminars / workshops.
- Provide co-ordination support for internal/external audit reviews and other ad hoc DA projects.
- Assist operational support and oversight of outsourced resource working on Bordereaux data capture and management, EPI Monitoring and support the process in resolving bordereaux or EPI queries.
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
- Extensive experience working in Delegated Authorities role within an insurance company, ideally within the Lloyd’s market.
- Attention to detail, excellent due diligence, and investigative skills.
- Strong analytical, written and communication skills.
- Developing and coaching junior members of the DA Team.
- 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, VIPR’s Intrali & LWR.
- Strong Excel skills.
Core behavioural competencies
- Analysis and decision making
- Innovation and problem solving
- Strategic perspective
- Performance focus
- Communication and influence
- Resilience and adaptability
Additional Information
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.
Senior Delegated Authority Analyst 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 and inclusivity, we provide first-class training opportunities and foster a culture of collaboration and innovation. Join us in London, where you will be part of a passionate team dedicated to supporting the profitable growth of organisations worldwide.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Delegated Authority Analyst
✨Tip Number 1
Network like a pro! Reach out to folks 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 IQUW’s Delegated Authority strategy. Show us you understand the ins and outs of compliance and audit management, and how you can contribute to our team.
✨Tip Number 3
Don’t just apply anywhere; apply through our website! It shows you’re genuinely interested in joining Starr and helps us keep track of your application more efficiently.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. It keeps you fresh in our minds and shows us you’re keen on the role.
We think you need these skills to ace Senior Delegated Authority Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Delegated Authority Analyst role. Highlight your experience in delegated authorities and any relevant skills that match the job description. We want to see how you can bring value to our team!
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 background aligns with our needs. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills:Since this role requires strong analytical skills, make sure to include examples of how you've used these skills in previous roles. We’re looking for someone who can dive deep into data and provide insights that drive decisions.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Starr
✨Know Your Delegated Authority Inside Out
Make sure you understand the ins and outs of delegated authority frameworks, especially within the Lloyd’s market. Brush up on key terms like Binding Authorities and DCAs, and be ready to discuss how your experience aligns with IQUW’s strategy.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess during the interview. Bring examples of how you've used data to drive decisions or improve processes in previous roles. This will show that you can contribute to performance reporting and insights effectively.
✨Build Rapport with Stakeholders
Since the role involves liaising with Underwriters and other stakeholders, think of ways to highlight your interpersonal skills. Share experiences where you successfully built relationships or resolved conflicts, as this will be crucial for maintaining strong connections across teams.
✨Be Ready for Scenario Questions
Expect scenario-based questions that test your problem-solving abilities. Prepare by thinking through potential challenges you might face in the role and how you would address them, particularly in relation to compliance and audit management.
