Job Description
New Vacancy - Senior Delegated Authority Analyst Lloyd's Syndicate London
I am currently partnered with a leading Syndicate business who are seeking a Senior Delegated Authority Analyst to join their growing team.
This role will be working closely with the DUA Manager on a number of delegated tasks including extensive due diligence for all Coverholders, perform technical reviews on delegated books and much more.
My client is looking for someone with extensive DA experience within a Lloyd's environment, who has Atlas, DCOM, DAM, Wordings Repository and Crystal Plus system experience.
Key Responsibilities
Oversee and manage the lifecycle of delegated authority business across specific classes of business by:
* Conducting comprehensive due diligence for new and renewing coverholder applications to ensure alignment with internal risk appetite and relevant Lloyd's principles
* Performing technical reviews of binding authority agreements, lineslips, and consortia to ensure procedural and regulatory compliance before and after binding
* Maintaining ongoing due diligence throughout the lifecycle of coverholder relationships and associated contracts
* Preparing and processing applications for classes of business, branch offices, and regional extensions
* Supporting underwriting and claims teams with delegated authority queries, approvals, and mid-term changes
* Contributing to the overall lifecycle management of the delegated authority portfolio
* Act as a key contact for binding authority contracts and liaise with brokers where required.
* Oversee the delegated authority audit programme, including audit scheduling, defining scope, and tracking recommendations through to completion.
* Serve as a primary point of contact for underwriters, claims teams, brokers, and relevant delegated authority stakeholders, providing technical guidance and resolving day-to-day queries.
* Prepare and collate management information for internal governance forums (e.g. underwriting committees) and support reporting requirements for regulatory returns as needed.
* Contribute to the periodic review of delegated authority processes, procedures, and controls to ensure they remain effective and fit for purpose.
* Support the review and documentation of compliance with relevant delegated authority principles and standards.