Senior Delegated Authority Analyst - Lloyd\'s
Senior Delegated Authority Analyst - Lloyd\'s

Senior Delegated Authority Analyst - Lloyd\'s

Full-Time 48000 - 64000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support management and compliance of Delegated Underwriting Authority portfolio.
  • Company: Leading Lloyd's firm with a focus on collaboration and growth.
  • Benefits: Up to £80,000 salary plus excellent benefits package.
  • Why this job: Expand your knowledge in a dynamic team and make a real impact.
  • Qualifications: Experience in Delegated Underwriting Authority and strong analytical skills.
  • Other info: Opportunity for career advancement 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

Senior Delegated Authority Analyst - Lloyd\'s employer: Tower Street Insurance Recruitment Limited

As a Senior Delegated Authority Analyst at our esteemed Lloyd's client, you will thrive in a dynamic work culture that prioritises collaboration and professional growth. With an excellent benefits package and opportunities to engage with senior management and underwriters, this role offers a unique chance to enhance your expertise while contributing to a well-respected team in the heart of the insurance industry.
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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

✨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 authority and compliance. We recommend practising common interview questions and having examples ready that showcase your experience in managing DUA portfolios.

✨Tip Number 3

Don’t just wait for job postings! Keep an eye on our website for opportunities and apply directly. Sometimes, the best roles aren’t advertised widely, so being proactive can really pay off.

✨Tip Number 4

Follow up after interviews! A quick thank-you email can set you apart from other candidates. It shows your enthusiasm for the role and keeps you fresh in their minds as they make their decision.

We think you need these skills to ace Senior Delegated Authority Analyst - Lloyd\'s

Delegated Underwriting Authority (DUA)
Risk Management
Regulatory Compliance
Due Diligence
Binding Authority Contracts Review
Bordereaux Data Analysis
Broker Communication
Coverholder Audits
Management of Audit Recommendations
Collaboration with Underwriting Teams
Management Information (MI) Preparation
Data Analysis for Regulatory Returns
Process Review and Control
Attention to Detail

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. 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 key responsibilities, like conducting due diligence or collaborating with teams.

Showcase Your Analytical Skills: Since analysing bordereaux data is part of the job, make sure to highlight your analytical skills in your application. We love seeing examples of how you've used data to drive decisions or improve processes in your previous roles.

Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at 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. Understand the key responsibilities and compliance requirements, especially those related to Lloyd's. Being able to discuss specific examples from your experience will show that you're not just familiar with the concepts but can apply them effectively.

✨Prepare for Technical Questions

Expect questions about due diligence processes, Binding Authority contracts, and bordereaux data analysis. We recommend reviewing recent case studies or industry news that relate to these topics. This will help you demonstrate your analytical skills and your ability to stay updated with industry trends.

✨Showcase Your Collaboration Skills

Since the role involves working closely with various teams, be ready to share examples of how you've successfully collaborated in the past. Highlight any experiences where you’ve worked with underwriters, compliance teams, or brokers, as this will illustrate your ability to work in a team-oriented environment.

✨Ask Insightful Questions

At the end of the interview, don’t forget to ask questions! Inquire about the company’s approach to managing delegated authority or how they ensure compliance with regulatory requirements. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.

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