At a Glance
- Tasks: Support management and compliance of Delegated Underwriting Authority portfolio.
- Company: Leading firm in the Lloyd's insurance market with a collaborative team.
- Benefits: Up to £80,000 salary, hybrid working, enhanced pension, and private medical insurance.
- Other info: Opportunity for career growth and exposure to various functions.
- 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.
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 London employer: Tower Street Insurance Recruitment Limited
Our client is an exceptional employer, offering a dynamic work environment that fosters collaboration and professional growth within the Lloyd's insurance market. With a generous benefits package including hybrid working options, enhanced pension schemes, and comprehensive health coverage, employees are supported in achieving a healthy work-life balance while advancing their careers in a highly respected team. This role not only provides exposure to diverse aspects of delegated authority but also encourages continuous learning and development in a thriving industry.
Contact Details:
Tower Street Insurance Recruitment Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Delegated Authority Analyst - Lloyd's in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those familiar 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 and Lloyd's systems. We recommend practising common interview questions and having examples ready that showcase your experience and skills.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website for the best chance at landing that Senior DUA Analyst role. We keep our listings updated, and applying directly shows you're serious about joining our team!
We think you need these skills to ace Senior Delegated Authority Analyst - Lloyd's in 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 compliance work you've done. We want to see how your skills match 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 the perfect fit for this role. Mention specific experiences that relate to the job description, especially your knowledge of Lloyd’s DA systems and Coverholder processes. Let us know why you’re excited about joining our team!
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 different teams. We love seeing candidates who can communicate effectively!
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 get all the updates directly. Plus, it shows us you’re keen on joining StudySmarter!
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 due diligence, Binding Authority contracts, and bordereaux data analysis. Prepare examples from your experience that demonstrate your expertise in these areas, as well as your ability to collaborate with various teams.
✨Showcase Your Organisational Skills
Since the role requires managing multiple priorities, be ready to share how you stay organised and handle competing tasks. Use specific examples to illustrate your time management strategies and how they’ve led to successful outcomes.
✨Communicate Clearly and Confidently
Excellent communication skills are a must for this position. Practice articulating your thoughts clearly and confidently, especially when discussing complex topics like compliance and regulatory requirements. This will help you make a strong impression during the interview.
