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 that values creativity and diverse backgrounds.
- 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:
Why Tokio Marine HCC?
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 in London employer: Tokio Marine HCC
At Tokio Marine HCC, we foster a dynamic and inclusive work culture that prioritises employee growth and innovation. With a competitive salary and comprehensive benefits package, our London office offers a hybrid working model that promotes work-life balance while empowering our team to excel in their roles. Join us to be part of a leading global insurer where your contributions are valued, and you can make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Manager in London
✨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 have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their Delegated Authority Framework and think about how your experience aligns with their needs. We want you to show them you’re not just a fit, but the perfect fit!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online platforms. Focus on articulating your past experiences and how they relate to the role of Delegated Authority Manager. Confidence is key, so let’s nail that delivery!
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great opportunity to reiterate why you’re the best choice for the job!
We think you need these skills to ace Delegated Authority Manager in London
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.
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 Tokio Marine HCC's values. Keep it concise but impactful.
Showcase Your Skills:Don’t forget to showcase your analytical, communication, and organisational skills in your application. These are key for the role, so provide examples of how you've used them in past positions.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you’re considered for the role as quickly as possible!
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 and the key responsibilities of the role. Familiarise yourself with the processes involved in managing delegated authority arrangements, as well as any relevant regulatory requirements. This will show your potential employer that you're not just interested in the job, but that you’re also knowledgeable about the industry.
✨Showcase Your Leadership Skills
As a Delegated Authority Manager, you'll be expected to manage and mentor a team. Prepare examples of how you've successfully led teams in the past, focusing on performance management and development. Highlight your ability to build strong relationships and communicate effectively with stakeholders at all levels.
✨Demonstrate Analytical Prowess
This role requires strong analytical skills, so be ready to discuss how you've used data to drive decisions in previous positions. Bring specific examples of how you've performed quality assurance checks or managed audits, and be prepared to explain your thought process behind those actions.
✨Be Ready for Scenario-Based Questions
Expect questions that assess your problem-solving abilities and decision-making skills. Think of scenarios where you've had to navigate complex situations related to delegated authority or compliance. Practising these responses will help you articulate your experience clearly and confidently during the interview.
