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- Tasks: Support operational processes and ensure compliance for new facilities in a dynamic team.
- Company: Join a leading insurance firm with a focus on innovation and collaboration.
- Benefits: Enjoy 25 days leave, private healthcare, hybrid working, and more perks.
- Why this job: Make a real impact in the insurance industry while developing your career.
- Qualifications: Strong numeracy, literacy skills, and a passion for teamwork and autonomy.
- Other info: Great opportunities for personal growth and community involvement.
The predicted salary is between 36000 - 60000 £ per year.
An excellent opportunity has arisen to join our centralised Facilities Operations Team providing operational support, technical input and governance to assist with business cases, technical pre-screening, establishing and monitoring all new and renewing line slips and binders across the GB business unit. The role has been created to accommodate a growth in new facilities from GB CRB, including the widely publicised Gemini Auto Follow Facility.
In this role, you will be responsible for ensuring each facility is set-up and compliant using current binder and MRC standards. Each facility must be reviewed to ensure it provides efficiencies upstream in the broking teams and downstream into operations, including claims and accounting.
You will provide operational support for the renewal and ongoing management of facilities including:
- The setup and renewal of master facilities to current market standards
- Ensuring the facility and markets are set up in the Eclipse operating system
- Supporting business units in the development of business cases for new and renewing facilities
- Overseeing preparation of premium and risk written bordereaux
- Administration of mid-term adjustments to market standards
- Preparation of management information for governance group, business units and carriers
- Maintenance of facilities catalogue and tracker
- Query resolution – internal and external parties
Further specific responsibilities and accountabilities include:
- Working closely with business units, provide guidance and advice on changes and developments impacting delegated authority contracts and MRC line slips
- Conduct technical pre-screening checks to gauge and improve efficiencies of new and renewing facilities prior to formal governance group review
- Collate information to support business case development for new and renewing facilities for business units
- Providing latest version of draft Binding Authority Agreement / Coverholder Appointment Agreement (BAA/CAA) / Line Slip MRC wordings to business units
- Ensuring all aspects of the facility set-up process are adhered to and Eclipse operating system is completed correctly
- Final review of marketed BAA/CAA / Line Slips
- Registration of the facility on internal and external registers
- Collation of information required to support mid-term adjustments and preparation of endorsements for the market agreement by the business unit
- Ensure creation and submission of risk written and premium bordereaux as per contract
- Provision of quarterly management information regarding facility performance for carriers in our insurer MI reporting
- Liaison with 3rd party cover holders (where appropriate) to ensure effective set-up and management of the facility
- Resolution of facilities related queries with internal stakeholders, wider WTW, carriers and auditors
Qualifications:
- We are ideally seeking candidates with Facility handling experience. However, we are open to insurance professionals who may want to develop their careers in this direction.
- Strong numeracy and literacy skills
- Working knowledge of MS Office Applications
- Attention to detail and high degree of accuracy
- Excellent communication skills and ability to build relationships across the business
- Enjoy working within a team environment but also proven ability to work autonomously
Benefits - GB:
Enjoy a benefits package designed to help you thrive, both professionally and personally. You will receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company. We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.
Equal opportunity employer:
We are committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidatehelpdesk@wtwco.com.
Delegated Authority Specialist in Ipswich employer: WTW
Contact Detail:
WTW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Authority Specialist in Ipswich
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at WTW. A friendly chat can open doors and give you insider info on the role.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of facilities management and MRC standards. Show us you know your stuff and can hit the ground running!
✨Tip Number 3
Practice your communication skills. You’ll need to build relationships across the business, so being able to articulate your thoughts clearly is key. Get a friend to do a mock interview with you!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team.
We think you need these skills to ace Delegated Authority Specialist in Ipswich
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Delegated Authority Specialist role. Highlight any relevant facility handling experience or insurance knowledge you have, as this will show us you're a great fit!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're interested in the role and how your background aligns with our needs. Be genuine and let your personality come through – we want to get to know you!
Showcase Your Attention to Detail: In this role, accuracy is key. When submitting your application, double-check for any typos or errors. A polished application demonstrates your attention to detail, which is super important for the position.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the info you need about the role and our company there!
How to prepare for a job interview at WTW
✨Know Your Facilities Inside Out
Before the interview, make sure you understand the ins and outs of facility handling. Familiarise yourself with the current binder and MRC standards, as well as the specifics of the Gemini Auto Follow Facility. This will show your potential employer that you're not just interested in the role but also proactive about understanding their operations.
✨Brush Up on Technical Skills
Since the role involves technical pre-screening and using the Eclipse operating system, it’s crucial to demonstrate your technical proficiency. If you have experience with similar systems or tools, be ready to discuss them. If not, consider doing a bit of research or even a quick tutorial to get a grasp of what’s involved.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills and ability to handle queries from internal and external parties. Think of examples from your past experiences where you successfully resolved issues or improved efficiencies. This will help you illustrate your capabilities effectively during the interview.
✨Showcase Your Communication Skills
As this role requires liaising with various stakeholders, it's important to highlight your communication skills. Prepare to discuss how you've built relationships in previous roles and how you can apply those skills to work closely with business units and third-party cover holders.
