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- Tasks: Oversee delegated underwriting authority controls and ensure compliance with regulations.
- Company: Join Travelers Insurance, a leading property casualty insurer with over 160 years of excellence.
- Benefits: Enjoy hybrid work options, private medical insurance, generous holiday entitlement, and wellness programmes.
- Why this job: Be part of an innovative culture that values collaboration and community involvement.
- Qualifications: Advanced knowledge of delegated underwriting and previous experience in a similar role required.
- Other info: Opportunity to engage in meaningful projects and make a real impact in the industry.
The predicted salary is between 48000 - 72000 £ per year.
Travelers Europe is looking for a Senior Delegated Authority Analyst to join our DASS team based in London. Reporting to the Head of Delegated Authority Support Services (DASS), you will operate and oversee the Delegated Underwriting Authority controls within Travelers Europe, ensuring the Delegated Authority Framework remains up to date and in compliance with regulatory requirements.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.
Responsibilities:
- Support the design and implementation of the delegated underwriting governance processes.
- Execute and oversee the delegated underwriting due diligence and third-party audit framework.
- Support underwriters in setting up new and renewal delegated authority arrangements, coordinating with key stakeholders throughout the business.
- Engage in broker and coverholder meetings in support of Underwriters, where required.
- Serve as a subject matter expert within Delegated Authority Support Services (DASS).
- Provide expert advisory and guidance to the business in relation to all Delegated Authority matters.
- Work with delegated operations team members to ensure adequate pre-bind data due diligence is completed.
- Schedule, monitor, review third-party coverholder audits and ensure audit recommendations are tracked to completion.
- Provide new ideas for process improvement and operational efficiencies.
- Provide input into the quarterly Delegated Authority Panel meetings.
- Keep up to date with Lloyd’s and London Market initiatives in relation to Delegated Authority business.
- Apply expert knowledge to help design risk-based processes, ensuring compliance with the latest regulatory requirements.
- Ensure records are kept up to date.
- Act as a central point of contact for the Lloyd’s Coverholder Department.
- Attend Lloyd’s and market meetings.
- Build and maintain internal and external relationships.
- Provide advice and guidance to Underwriters, Compliance and other stakeholders on current Delegated Underwriting Requirements.
- Participate in wider projects and duties in relation to DUA business.
What Will Our Ideal Candidate Have?
- Strong communication skills and ability to develop/maintain productive internal and external relationships.
- Ability to make sound decisions and recommendations.
- Ability to think strategically.
- Understanding of Process Improvement initiatives.
- Good collaborator and ability to work well in a team.
- Intermediate Microsoft Office systems including Excel and PowerPoint.
- Good organizational skills.
What is a Must Have?
- Advanced knowledge of delegated underwriting.
- Previous experience in a delegated underwriting role.
What Is in It for You?
- Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
Senior Delegated Authority Analyst employer: Travelers Insurance Company
Contact Detail:
Travelers Insurance Company Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Delegated Authority Analyst
✨Tip Number 1
Familiarise yourself with the latest regulatory requirements and initiatives from Lloyd’s and the London Market. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the delegated underwriting space, especially those who work at Travelers or similar companies. Engaging in conversations can provide insights into the company culture and expectations, which can be invaluable during the interview process.
✨Tip Number 3
Prepare to discuss specific examples of how you've contributed to process improvements in previous roles. Highlighting your experience in enhancing operational efficiencies will resonate well with the hiring team.
✨Tip Number 4
Showcase your strong communication skills by preparing thoughtful questions for your interviewers. This not only reflects your interest in the role but also your ability to engage effectively with stakeholders, a key aspect of the Senior Delegated Authority Analyst position.
We think you need these skills to ace Senior Delegated Authority Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Senior Delegated Authority Analyst position. Understand the key responsibilities and required skills, as this will help you tailor your application effectively.
Tailor Your CV: Customise your CV to highlight relevant experience in delegated underwriting and any specific achievements that align with the responsibilities outlined in the job description. Use keywords from the job posting to ensure your CV stands out.
Craft a Compelling Cover Letter: Write a cover letter that not only introduces yourself but also explains why you are a great fit for the role. Mention your understanding of the Delegated Authority Framework and how your previous experience can contribute to the team at Travelers.
Showcase Your Skills: In your application, emphasise your strong communication skills, ability to collaborate, and experience with process improvement initiatives. Provide specific examples that demonstrate these skills in action, particularly in relation to delegated underwriting.
How to prepare for a job interview at Travelers Insurance Company
✨Showcase Your Expertise
As a Senior Delegated Authority Analyst, it's crucial to demonstrate your advanced knowledge of delegated underwriting. Be prepared to discuss your previous experiences in this area and how they relate to the responsibilities outlined in the job description.
✨Highlight Communication Skills
Strong communication skills are essential for this role. During the interview, provide examples of how you've successfully built and maintained relationships with internal and external stakeholders, and how you’ve effectively communicated complex information.
✨Discuss Process Improvement Initiatives
The company values process improvement, so be ready to share specific examples of initiatives you've led or contributed to in the past. Discuss how these initiatives improved efficiency or compliance within your previous roles.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your decision-making and strategic thinking abilities. Think about past situations where you had to make sound decisions under pressure, and be ready to explain your thought process and the outcomes.
