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- Tasks: Administer delegated underwriting practices and engage with stakeholders in the insurance sector.
- Company: Reputable Underwriter known for its strong market presence.
- Benefits: Competitive salary, career growth opportunities, and a dynamic work environment.
- Why this job: Join a leading team and make an impact in the insurance industry.
- Qualifications: Experience in underwriting and strong communication skills are essential.
- Other info: Exciting projects and a chance to work with industry experts.
The predicted salary is between 40000 - 55000 £ per year.
Our client is a well-established and highly regarded Underwriter with an excellent market reputation. They are now looking for a new person to join their Delegated Authority team as a Delegated Authority Technician, with a salary of £40,000 – £55,000 per annum.
The successful candidate\’s key focus will be to administer best delegated underwriting management practices, participating in internal projects and market initiatives where required to achieve this aim. In addition, it is essential to provide strong stakeholder engagement for delegated underwriting across the Business and with Coverholders, brokers, and Lloyd\’s.
Responsibilities:
- Facilitating approval of new Coverholders and Binding Authority Agreements
- Handling Coverholder applications under the guidance of the Head of Delegated Underwriting Authority
- Processing and managing approval of renewals including preparation of renewal data, annual due diligence, internal sign-off documents, drafting agreements, pre-bind quality assurance, and registrations
- Undertaking Conduct Risk review on new and renewal Coverholders and referring to the Product Oversight Committee where required
- Resolution of audit recommendations relevant to the agreed portfolio of coverholders
- Drafting of documentation for direct deal facilities, where required
- Reviewing and managing sign-off of lineslips and consortiums
- Ensuring accurate risk entry and rating in the underwriting system, processing endorsements, and updating systems where required for facilities managed
- Ensuring account information is accurate and processed in Lloyd\’s delegated authority systems
- Monitoring of premium income and commissions against booked estimates monthly
- Attendance at the quarterly Delegated Authority Management Group
- Participation on internal projects and meetings where required
- Handling the processing of bordereaux (written and paid) onto internal systems and Lloyd\’s systems
- Help to maintain internal logs related to receipt of bordereaux and its status of upload
- Monitor the quality of bordereaux data and resolving data issues by liaising with Underwriters / Coverholders & Brokers
Date: 25 Oct 2024
Sector: INSURANCE
Type: Permanent
Location: London
Salary: £40,000 – £55,000 per annum
Contact: brian@taylorjamesresourcing.com
Ref: BT452
#J-18808-Ljbffr
Delegated Authority Technician employer: Taylor James Resourcing
Contact Detail:
Taylor James Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Authority Technician
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those involved in delegated authority. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of underwriting practices and stakeholder engagement. We want you to show off your expertise and how you can contribute to the team!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings that fit your skills as a Delegated Authority Technician.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. We’re all about making connections, so don’t be shy!
We think you need these skills to ace Delegated Authority Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Delegated Authority Technician role. Highlight relevant experience and skills that match the job description, especially in delegated underwriting management practices.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Use it to showcase your understanding of stakeholder engagement and your experience with Coverholders and brokers.
Showcase Your Attention to Detail: In this role, accuracy is key! Make sure your application is free from typos and errors. We want to see that you can manage data and documentation meticulously.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Taylor James Resourcing
✨Know Your Stuff
Make sure you understand the key responsibilities of a Delegated Authority Technician. Brush up on delegated underwriting management practices, Coverholder applications, and the importance of stakeholder engagement. This knowledge will help you answer questions confidently and show that you're genuinely interested in the role.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific situations, like processing renewals or resolving audit recommendations. Think of examples from your past experience where you've successfully navigated similar challenges. This will demonstrate your problem-solving skills and ability to think on your feet.
✨Show Your Team Spirit
Since this role involves working closely with various stakeholders, be ready to discuss how you collaborate with others. Share examples of successful teamwork, especially in projects related to underwriting or compliance. Highlighting your interpersonal skills will make you stand out as a candidate who can engage effectively with Coverholders and brokers.
✨Ask Smart Questions
At the end of the interview, have a few insightful questions prepared. Inquire about the company's approach to delegated authority management or upcoming projects in the team. This shows your enthusiasm for the role and helps you gauge if the company is the right fit for you.
