At a Glance
- Tasks: Lead and mentor a team while managing delegated authority arrangements in insurance.
- Company: Join Tokio Marine HCC, a leading global specialty insurer with a dynamic culture.
- Benefits: Enjoy a competitive salary, hybrid work model, and comprehensive employee benefits.
- Other info: Be part of a rapidly growing organisation with excellent career development opportunities.
- Why this job: Make a real impact in the insurance industry while driving innovation and compliance.
- 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 co-ordination support for internal audit reviews.
- Undertake ad hoc tasks and projects as required by the Head of Delegated Authority.
Skills and Experience Specification:
Essential:
- 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
At Tokio Marine HCC, we foster a dynamic and inclusive work culture that prioritises employee growth and innovation. Located in the heart of London, our hybrid working model allows for a balanced approach to work-life integration, while our commitment to professional development ensures that you will thrive in your role as a Delegated Authority Manager. Join us to be part of a leading global insurer that values creativity, collaboration, and making a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to Tokio Marine HCC. Attend events, join LinkedIn groups, and don’t be shy about asking for informational interviews. You never know who might help you land that Delegated Authority Manager role!
✨Tip Number 2
Prepare for interviews by researching the company inside out. Understand their Delegated Authority Framework and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate; you’re the one they’ve been looking for!
✨Tip Number 3
Practice makes perfect! Get a friend or mentor to do mock interviews with you. Focus on articulating your managerial experience and how you can drive modernisation in the DA process. The more comfortable you are, the better you’ll perform when it counts.
✨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 genuinely interested in joining the Tokio Marine HCC team. Let’s get you that job!
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 relevant experience and skills that match the job description. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Skills:Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your attention to detail, analytical abilities, and leadership skills. We’re keen to see how you’ve made a difference in previous roles.
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 any important updates from us!
How to prepare for a job interview at Tokio Marine HCC
✨Know Your Delegated Authority Inside Out
Make sure you understand the Delegated Authority Framework thoroughly. Familiarise yourself with the key responsibilities and processes involved, especially around compliance and oversight. This will show your potential employer that you're not just interested in the role but are also prepared to take on its challenges.
✨Showcase Your Leadership Skills
As a Delegated Authority Manager, you'll be managing a team. Be ready to discuss your previous managerial experiences and how you've successfully mentored others. Prepare examples of how you've handled performance reviews or guided your team through complex situations.
✨Demonstrate Your Analytical Prowess
Highlight your analytical skills by preparing to discuss specific instances where you've used data to drive decisions or improve processes. Being able to articulate how you've performed quality assurance checks or managed audits will set you apart from other candidates.
✨Build Relationships, Even Before the Interview
Networking is key in the insurance industry. If possible, attend relevant forums or events before your interview. Mention any connections you've made or insights you've gained during these interactions. This shows your proactive approach and commitment to building strong relationships within the industry.
