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- Tasks: Support management and compliance of Delegated Underwriting Authority portfolio.
- Company: Leading firm in the Lloyd's insurance market with a collaborative team.
- Benefits: Hybrid working, enhanced pension, life insurance, and private medical insurance.
- Why this job: Expand your knowledge and collaborate with industry experts in a dynamic environment.
- Qualifications: Experience with Lloyd’s DA systems and excellent communication skills.
- Other info: Opportunity for career growth and exposure to various functions.
The predicted salary is between 48000 - 64000 £ per year.
Senior Delegated Underwriting Authority (DUA) Analyst – Up to £80,000 plus Excellent Benefits Package
The Role: Our client is looking for an experienced Delegated Underwriting Authority professional to support the management, oversight, and compliance of the DUA portfolio. Working closely with the DUA Manager you will help ensure all delegated arrangements operate within risk appetite and meet Lloyd’s and regulatory requirements across both platforms. This is a real opportunity for someone to expand their knowledge working within this established team, collaborating closely with underwriters and senior management, and gain full exposure to all areas of the function.
Key Responsibilities
- Conduct due diligence on delegated authority
- Involvement in the review of Binding Authority contracts.
- Due diligence for new Lloyd’s Coverholder applications.
- Analyse bordereaux data.
- Correspond with brokers.
- Assist with Coverholder audits, including scheduling relevant annual audits, process audit reports and management of audit recommendations.
- Collaborate with Underwriting, Operations, Finance, Compliance, and Claims teams on day-to-day queries.
- Prepare MI for underwriting committees and data for regulatory returns as required.
- Contribute to the review of delegated authority processes and controls.
Skills & Experience Required
- Working knowledge of Lloyd’s DA systems.
- Working understanding of Coverholder and bordereaux systems.
- Highly organised and able to manage multiple priorities and work independently.
- Excellent communication skills.
Benefits:
The company offers a generous benefits package, including: Hybrid working, Enhanced Pension, Life insurance and Private Medical Insurance.
If this sounds of interest, or if you’d like to discuss the role confidentially, please message me directly.
Senior Delegated Authority Analyst - Lloyd\'s in City of London employer: Tower Street Insurance Recruitment Limited
Contact Detail:
Tower Street Insurance Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Delegated Authority Analyst - Lloyd\'s in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with Lloyd's. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Delegated Underwriting Authority systems. We recommend practising common interview questions and scenarios related to DUA to show you're the right fit for the team.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds!
✨Tip Number 4
Apply through our website for the best chance at landing that Senior DUA Analyst role. We make it easy for you to showcase your skills and experience directly to the hiring team!
We think you need these skills to ace Senior Delegated Authority Analyst - Lloyd\'s in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Delegated Authority Analyst role. Highlight your experience with delegated underwriting authority and any relevant skills that match the job description. We want to see how you fit into our team!
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 your background aligns with our needs. Be sure to mention your understanding of Lloyd’s DA systems and your experience with Coverholder applications.
Showcase Your Communication Skills: Since excellent communication is key for this role, make sure your application reflects that. Use clear and concise language, and don’t hesitate to demonstrate your ability to collaborate with various teams, as this is crucial for us at StudySmarter.
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. Plus, it’s super easy to do!
How to prepare for a job interview at Tower Street Insurance Recruitment Limited
✨Know Your DUA Inside Out
Make sure you brush up on your knowledge of Delegated Underwriting Authority systems and processes. Familiarise yourself with the specific requirements of Lloyd's and be ready to discuss how you've applied this knowledge in past roles.
✨Prepare for Technical Questions
Expect questions about binding authority contracts and bordereaux data analysis. Prepare examples from your experience that demonstrate your analytical skills and understanding of compliance within delegated arrangements.
✨Showcase Your Communication Skills
Since you'll be collaborating with various teams, practice articulating your thoughts clearly. Think of scenarios where you've effectively communicated complex information to different stakeholders, as this will highlight your ability to work cross-functionally.
✨Demonstrate Organisational Skills
The role requires managing multiple priorities, so be ready to discuss how you stay organised. Share specific tools or methods you use to keep track of tasks and deadlines, and provide examples of how you've successfully managed competing demands in previous positions.
