At a Glance
- Tasks: Lead and mentor a team while managing delegated authority arrangements in insurance.
- Company: Join a leading global specialty insurer with a focus on innovation and growth.
- Benefits: Enjoy a competitive salary, great benefits, and a hybrid work model.
- Other info: Dynamic environment with opportunities for professional development and collaboration.
- Why this job: Make a real impact in the insurance industry while developing 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 Manager 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 in a supportive and dynamic environment. Join us to be part of a team that not only excels in the insurance industry but also prioritises meaningful contributions to our clients and community.
Contact Details:
Tokio Marine HCC International Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Manager
✨Tip Number 1
Network like a pro! Get out there and connect with people in the insurance industry, especially those who work in delegated authority. Attend events, join forums, and don’t be shy to reach out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its values. Understand TMHCC’s approach to risk management and compliance. Tailor your answers to show how your experience aligns with their mission. We want to see that you’re not just looking for any job, but that you’re genuinely interested in being part of our team.
✨Tip Number 3
Showcase your skills! Bring examples of your past work in delegated authority roles to the interview. Whether it’s managing audits or mentoring teams, we want to hear about your successes. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Tip Number 4
Don’t forget to 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 us at TMHCC. Keep an eye on our careers page for the latest opportunities!
We think you need these skills to ace Delegated Authority Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Delegated Authority Manager role. Highlight your relevant experience in managing delegated authority arrangements and any specific skills that match the job description. We want to see how you can bring your expertise 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 values at TMHCC. Don’t forget to mention any experience you have with Lloyd’s Market or similar environments.
Showcase Your Skills:In your application, be sure to showcase your analytical, written, and communication skills. We’re looking for someone who can manage and mentor a team effectively, so any examples of leadership or training you've done will definitely catch our eye!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy and ensures your application goes directly to us. Plus, you’ll get to see more about what we do and our company culture!
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 outlined in the job description, as well as any recent changes in regulations or practices within the Lloyd’s Market.
✨Showcase Your Leadership Skills
Since the role involves managing and mentoring a team, be prepared to discuss your previous managerial experiences. Think of specific examples where you've successfully led a team, handled performance reviews, or implemented training programmes that improved team efficiency.
✨Demonstrate Your Analytical Prowess
Highlight your attention to detail and analytical skills during the interview. Prepare to discuss how you've conducted quality assurance checks or due diligence processes in past roles, and be ready to provide examples of how your insights have positively impacted decision-making.
✨Build Rapport with Stakeholders
The ability to communicate effectively with various stakeholders is crucial. Think about how you've built strong relationships in previous positions, and be ready to share strategies for maintaining effective communication and collaboration across different teams.
