Our Offices

    • InsurTech


    Job Title – Delegated Authorities Analyst

    Contract – 12-15 Months fixed Term
    Salary – £42,000
    Location – London

    Purpose of the Job:


    To ensure that Coverholders (and other third parties) and binding authorities are managed in line with syndicate procedures, regulatory requirements and best practice. Support the monitoring and oversight of Coverholders and other third parties including TPAs and brokers and support and adopt best Delegated Underwriting Management practice across Group.


    Principal Accountabilities:


    New Binders:

    Approval of new Coverholders and binding authorities in line with procedures, regulatory requirements and best practice.


    Renewal Binders:

    Processing and approval of binding authority renewals in line with procedures, regulatory requirements and best practice.


    Lineslips, Consortia and Master Policies:

    Knowledge of Lloyd’s and internal requirements for lineslips, consortia and master policies.



    • Review audit reports and ensure audit recommendations are appropriate, RAG rated, time bound, centrally recorded and communicated to all stakeholders in a timely manner.
    • Track associated recommendations to completion in a timely manner, ensuring any issues are escalated appropriately.
    • Assist in audit scoping and the preparation of auditor packs.


    Broker Management:

    • Processing of new broker applications and annual reviews in line with procedures, regulatory requirements and best practice.
    • Production and issuance of Terms of Business Agreements.


    Offshore Management:

    • Respond to any queries raised by the offshore team in a timely manner.
    • Support the Delegated Authorities Manager to manage the offshore team’s quality and productivity.


    Quality Checking:

    • Responsibility for checking own work and assisting peers where required.
    • Operation of controls in line with risk management framework.


    Change Projects:

    • Understanding the regulatory environment and the impact to processes and procedures.
    • Suggesting other changes as required to improve effectiveness and efficiency of processes and controls.


    Breaches and Problem Cases:

    Identification and escalation of delegated underwriting breaches and problem cases.


    Stakeholder Management & Communication:

    Maintaining good relationships with all internal stakeholders and effective communication within the team.


    Decision Making Responsibilities:

    • Approve and renew Coverholders, binders and broker TOBAs in line with documented policies and procedures.
    • Closure or escalation of audit recommendations or other issues in conjunction with the Delegated Authorities Manager.


    Regulatory Conduct Rules:

    • Act with integrity.
    • Act with due skill, care and diligence.
    • Be open and co-operative with Lloyd’s, the FCA, the PRA, and other regulators.
    • Pay due regard to the interests of customers and treat them fairly.
    • Observe proper standards of market conduct.


    Education, Qualifications, Knowledge, Skills and Experience:

    • Educated to at least A-level or equivalent.
    • ACII qualification or commitment to work towards ACII.
    • Knowledge of insurance industry practices.
    • Good communication and interpersonal skills.
    • Strong computer and analytical skills including Microsoft Office.
    • The ability to work well within a team as well as under minimum supervision and on own initiative.
    • Good attention to detail.
    • Excellent organisational and time management skills, ability to prioritize sensibly and meet deadlines.
    • Ability to make sensible judgements balancing pragmatic considerations with the need to follow procedures and manage risk to the business.


    For a full brief please contact one of our specialist consultants:-

    Tel: 0203 411 8430

    Email: admin@lawesgroup.co.uk


    Similar Jobs