At a Glance
- Tasks: Support Underwriters in implementing Delegated Authority strategy and ensure compliance.
- Company: Join Starr, a rapidly growing global insurance and investment organisation.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic work environment with opportunities to coach junior team members.
- Why this job: Make an impact in the insurance industry while developing your skills.
- Qualifications: Experience in Delegated Authorities and strong analytical skills required.
The predicted salary is between 55000 - 65000 £ 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.
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.
Core behavioural competencies
- 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.
Senior Delegated Authority Analyst employer: Starr
Starr is an exceptional employer, offering a dynamic work environment where talented individuals can thrive in the fast-paced insurance industry. With a strong commitment to employee development and a culture that values diversity and inclusion, associates are encouraged to grow their skills while contributing to meaningful projects that support global business success. Located in a vibrant city, Starr provides unique opportunities for networking and professional advancement, making it an ideal place for those seeking a rewarding career in insurance.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Delegated Authority Analyst
✨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.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Starr). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨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 Starr. 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 Senior Delegated Authority Analyst
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 Starr.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Starr. 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 Starr
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Starr 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 Starr, 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 Starr'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.
