At a Glance
- Tasks: Lead and mentor a team in managing delegated authority arrangements and ensuring compliance.
- Company: Join Tokio Marine HCC, a leading global specialty insurer with a focus on innovation.
- Benefits: Enjoy a competitive salary, great benefits, and a hybrid work model.
- Other info: Dynamic environment with opportunities for professional development and growth.
- Why this job: Make a real impact in the insurance industry while growing your career.
- Qualifications: Experience in a senior delegated authority role and strong analytical skills required.
The predicted salary is between 60000 - 75000 £ per year.
Reporting to: Head of Delegated Authority
Position Type: Permanent, 35 hours per week
Hybrid: 3 days in the office, 2 days working from home
Overview
Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
Job Purpose
Manage the oversight of all delegated authority arrangements for Tokio Marine HCC International, ensuring compliance with the company’s Delegated Authority Framework.
Key Responsibilities
- Manage and mentor the Delegated Authority team, including ongoing and annual performance management reviews.
- Oversee all delegated authority arrangements in line with the Delegated Authority Procedures, including approval processes (entity and contract level) and ongoing monitoring of MGAs, service companies, and TPAs.
- Perform quality assurance checks of the due diligence process and provide developmental feedback to the Delegated Authority team and assurance to the Head of Delegated Authority.
- Manage the audit process, ensuring timely delivery of the annual audit plan for all delegated authority arrangements.
- Oversee the maintenance of the Customer Relationship Management (CRM) system as the central record for delegated authority arrangements, ensuring accuracy, completeness, and timely updates.
- Drive modernisation and technology improvements throughout the DA process to streamline and make the function scalable to support ongoing business growth.
- Manage and maintain Delegated Authority Procedures and supporting documents ensuring they are regularly reviewed, updated, and aligned with regulatory and Lloyd’s requirements.
- Manage the delegated authority reporting across multiple committees, ensuring timely and accurate information, and continuously enhancing reporting capability.
- Work closely with the bordereaux operations team to support compliance monitoring and continued enhancement of risk level data reporting.
- Provide guidance, training, and subject matter expertise across the business on regulatory and Lloyd’s requirements relating to delegated authority.
- Build and maintain strong relationships with internal stakeholders and Lloyd’s to support effective oversight and collaboration.
- Work with the Head of Delegated Authority to deliver the delegated authority elements of the annual Compliance Plan, ensuring all agreed actions and projects are completed on time.
- Attend Lloyd’s and IUA DA forums and market events, providing feedback and insights to the team and internal stakeholders.
- Provide coordination support for internal audit reviews.
- Undertake ad hoc tasks and projects as required by the Head of Delegated Authority.
Essential Skills and Experience Specification
- Experience working within a senior Delegated Authority role within an insurance company.
- 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 management systems.
- Previous managerial experience.
Preferable
- Experience within the Lloyd’s Market.
- Experience with the Lloyd’s DA systems (Atlas, BARS, DAM etc.).
What We Offer
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.
The Tokio Marine HCC Group of Companies is an equal opportunity employer.
Delegated Authority Lead: Insurance Compliance & Growth employer: Tokio Marine HCC International
At Tokio Marine HCC, we pride ourselves on being a leading Specialty Insurer that values empowerment, innovation, and growth. Our hybrid work model promotes a healthy work-life balance, while our commitment to employee development ensures that you will have ample opportunities for professional growth. Join us in a dynamic environment where your contributions are recognised, and you can make a meaningful impact in the insurance industry.
Contact Details:
Tokio Marine HCC International Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Lead: Insurance Compliance & Growth
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who have experience with delegated authority roles. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Understand their approach to compliance and growth in delegated authority. This will help you tailor your answers and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the role of Delegated Authority Lead. Highlight your managerial skills and any relevant projects you've worked on that demonstrate your ability to drive compliance and innovation.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our dynamic team at Tokio Marine HCC.
We think you need these skills to ace Delegated Authority Lead: Insurance Compliance & Growth
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Delegated Authority Lead role. Highlight your experience in insurance compliance and any relevant managerial roles you've held. We want to see how your skills align with our needs!
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 you can contribute to our team. Be sure to mention your understanding of the Delegated Authority Framework and your experience in the Lloyd’s Market.
Showcase Your Skills:Don’t forget to showcase your analytical, written, and communication skills in your application. We’re looking for someone who can manage and mentor a team effectively, so let us know how you’ve done this in the past!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Tokio Marine HCC International
✨Know Your Delegated Authority Inside Out
Make sure you understand the Delegated Authority Framework thoroughly. Familiarise yourself with the key responsibilities and processes mentioned in the job description, as well as any recent changes in regulations or best practices in the industry.
✨Showcase Your Leadership Skills
Since the role involves managing and mentoring a team, be prepared to discuss your previous managerial experiences. Share specific examples of how you've successfully led teams, handled performance reviews, and provided developmental feedback.
✨Demonstrate Your Analytical Prowess
Highlight your attention to detail and investigative skills during the interview. Be ready to discuss how you've approached quality assurance checks and due diligence processes in past roles, as this will be crucial for the position.
✨Build Rapport with Stakeholders
Emphasise your interpersonal skills and ability to communicate effectively with various stakeholders. Prepare examples of how you've built strong relationships in previous roles, especially within the insurance sector or with regulatory bodies like Lloyd’s.
