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Delegated Authority Analyst

Employer
Limited
Location
London, United Kingdom
Salary
Competitive Salary
Closing date
Aug 18, 2024

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
INTL Underwriting Business Analyst I - UW09YZ

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.

The Delegated Authority Analyst will assist with the operation of the Delegated Authority Framework for The Hartford International (HIG), working with the Delegated Authority Manager and other Analyst to ensure the process remains up to date and effective.

Job Responsibilities & Competence
  • Work closely with the underwriters and other key stakeholders across the business to process new and renewal delegated facilities including binding authorities, lineslips, consortia and master policies.
  • Ensure the appropriate approval process for delegated facilities is followed and assist with ongoing monitoring, ensuring and actions and subjectivities are tracked as necessary.
  • Monitor and complete tasks in Lloyd’s delegated systems, including Atlas, Delegated Contract and Oversight Manager (DCOM) and Delegated Audit Manager (DAM).
  • Prepare management information for the business as necessary, including reporting for the Delegated Underwriting and Claims Committee (DUCC) such as portfolio stats, Coverholder due diligence items and issues identified.
  • Assist with the creation and monitoring of the Coverholder audit plan, reviewing audit reports and tracking actions through to completion.
  • Work with the Central Operations team to ensure delegated data is received and entered on a timely basis.
  • Maintain effective relationships with internal and external stakeholders.
  • Provide advice to underwriters in relation to delegated underwriting.
  • Act as a referral point for the Delegated Authority Administrators.
  • Assist with the operation of the facility EPI and credit control process.
  • Assist with projects relating to delegated authority business as required.
  • Attend market forums and conferences as necessary and keep up to date with developments in the DA sphere.


Qualifications & Capabilitites
  • Knowledge of general insurance and its underlying principles
  • Logical, analytical and resourceful with good attention to detail
  • Identifying and implementing process improvements
  • Ability to prioritise and organise workload and follow through on tasks/projects
  • Team player with the ability to work independently
  • Good communication skills
  • Ability to develop and sustain relationships with internal and external customers
  • Strong IT skills including MS Office (Excel in particular) and knowledge of underwriting systems (Subscribe), document repository and workflow systems (ImageRight)
  • Knowledge of Lloyd’s delegated systems (Atlas, Crystal, DCOM, DAM) preferable


Experience
  • Must have experience in delegated authority business
  • Experience of working in an office environment, often under some pressure


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