At a Glance
- Tasks: Oversee delegated authority portfolio and manage associated risks with a focus on compliance.
- Company: Dynamic company leading in delegated underwriting authority management.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Collaborative environment with opportunities to mentor junior team members.
- Why this job: Join a team where your expertise shapes the future of delegated authority.
- Qualifications: Strong knowledge of delegated authority management and relevant experience required.
The predicted salary is between 45000 - 55000 £ per year.
Company Details Responsibilities
Responsible for the oversight of our delegated authority portfolio and managing associated risks.
This encompasses coverholder due diligence, audit management, and ongoing monitoring.
Some of the key deliverables associated with this role are
- Carrying out due diligence into coverholders and third parties; including new, renewal, and Lloyd's coverholder tribunalisations.
- Reviewing binding authorities and lineslips to ensure that these include suitable controls, and reflect the intended nature of the relationships.
- Proactively managing our coverholder audit cycle; including planning, scheduling, scoping, auditor liaison, and the remediation of recommendations.
- Supporting wider efforts to ensure that other delegated deliverables (e. g. bordereaux, EPI reviews) are achieved on time and to specification.
- Acting as a subject matter expert in delegated authority, with the knowledge and experience to advise underwriters and troubleshoot issues.
- Ensuring compliance with internal and regulatory obligations relating to delegated underwriting authority.
- Ensuring that our delegated underwriting authority processes and framework remain current, effective, streamlined, and suitable for our risk profile.
- Disseminating market news and publications to relevant internal stakeholders.
- Supporting the development of junior members of the team.
- Ensuring that the best interests of our customers are at the forefront of our work
- Membership of groups and committees involved in delegated oversight; including the Delegated Underwriting Group, Product Oversight Group, and other forums.
- Deputising for the Head of Delegated Operations as necessary.
- Assisting with the testing of our SEND workbench and IT systems as necessary.
Qualifications
- Strong knowledge of delegated authority management; including due diligence, audit, bordereau, reporting, and regulatory requirements.
- Demonstrable experience and success in relevant roles within career history.
- Understanding of Lloyd's delegated systems; including Atlas, DCOM, and DAM
Delegated Underwriting Authority Manager employer: W. R. Berkley Corporation
W. R. Berkley Corporation is an excellent employer, offering a dynamic work environment in the heart of the City of London. With a strong focus on employee growth and development, we provide opportunities for professional advancement alongside a collaborative culture that values innovation and strategic thinking. Our commitment to excellence in pricing and actuarial strategy ensures that you will be part of a forward-thinking team dedicated to achieving meaningful results.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Underwriting Authority Manager
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We think you need these skills to ace Delegated Underwriting Authority Manager
Some tips for your application 🫡
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✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with W. R. Berkley Corporation.
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