Senior Delegated Authority Analyst
Overview:
Grade: 3Reporting to: Delegated Authority Compliance Manager
Location: London
About us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough.That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.
The role
The role of the Senior Delegated Authority Operations Analyst is vital to support the DA team with the successful implementation of IQUW’s Delegated Authority strategy, with focus on service to Underwriters, due diligence and audit management.
The purpose of the role is to support the IQUW delegated authority (DA) function, primarily Underwriters writing delegated authority arrangements within IQUW’s Syndicate 218 and 1856, ensuring compliance with the company’s Delegated Authority (DA) Framework.
Key responsibilities- In line with the DA Framework provide full support to Underwriters and other relevant stakeholders by ensuring due diligence and ongoing monitoring is undertaken across all new and existing delegated authorities (Binding Authorities, Lineslips, Consortium and Delegated Claims Administrators (DCAs).
- To undertake all the steps of the IQUW audit policy and to ensuring the timely implementation of the annual audit programme for Coverholders and DCAs
- Prepare governance and other performance reporting and insights of IQUW’s delegated authority arrangements, including discussing KPIs with Underwriting and relevant stakeholder teams.
- To support the Delegated Authority Team with administrating the review process for all binding authorities, lineslips, consortium and DCAs falling within IQUW.
- To produce any DA regulatory and Lloyd’s returns as required and actions arising from market thematic reviews are embedded within the company.
- To build and maintain a strong relationship with all business units, particularly Underwriting teams.
- Extensive experience working in Delegated Authorities role within an insurance company, ideally within the Lloyd’s market.
- Attention to detail, excellent due diligence, and investigative skills.
- Strong analytical, written and communication skills.
- Developing and coaching junior members of the DA Team.
- IT literate with experience of third-party Lloyd’s management systems, including DCOM, DAM, Lineage, Atlas, Crystal, DDM, VIPR’s Intrali & LWR
- Strong Excel skills
- Competitive Benchmarked Salary
- 25 days holiday
- Discretionary bonus scheme
- Employee assistance programme
- Annual holiday buy (up to 3 extra days)
- Salary sacrifice benefits
- Annual benefits reviews
- The option for professional qualifications and study support
- A full job description can be seen here.