Job Description
New Vacancy - Senior DUA AnalystLloyd's SyndicateCity of London
I am currently partnered with a leading Lloyd's Syndicate who are seeking a Senior DUA Analyst to join their growing team.
This is a new role due to growth, and my client is looking for someone who has strong experience in the DA world - including knowledge of Contract Reviews, Binding Authorities, managing Lloyd's Coverholders, supporting Underwriting with Bordereaux data and much more. They are looking for someone who has experience using Lloyd's DA Systems including Atlas, DCOM & DAM and someone who can hit the ground running.
Key Responsibilities
* Conduct due diligence to ensure that delegated authority contracts (including Binding Authorities, Consortia, Lineslips, and Master/Group Policies) align with the company's risk appetite and meet all necessary standards, including regulatory compliance.
* Assist in reviewing Binding Authority contracts on behalf of Lloyd's Coverholder and liaise with brokers as required.
* Support the DUA Manager in performing due diligence and managing all aspects of new coverholder applications to Lloyd's.
* Provide analytical support to Underwriters by reviewing and interpreting bordereaux data as needed.
* Help manage the coverholder audit process, including scheduling annual audits, processing audit reports, and tracking the implementation of audit recommendations.
* Collaborate with internal teams - such as Underwriting, Operations, Finance, Compliance, and Claims - to resolve day-to-day queries.
* Compile relevant management information (MI) for internal meetings, such as monthly Underwriting Committees, and assist in coordinating and reporting data for regulatory returns when required.
* Contribute to the regular review of Delegated Authority processes, procedures, and controls to ensure they remain effective and fit for purpose.
* Support the DUA Manager in reviewing and evidencing compliance with relevant Lloyd's Principles.