The Vacancy
Senior Delegated Underwriting Analyst
Pro currently has an exciting opportunity for a Senior Delegated Underwriting Analyst to be part of our Insurance Services team. The job holder will be required to take ownership of complex lead binder reviews and new Coverholder applications, to both the company and Lloyd’s.
Pro operates a flexible hybrid working policy and this role would be based working at home and at our Gloucester or Liverpool or London office.
Main Duties and Responsibilities
* Reviewing and preparing new applications for Lloyd's; this includes world wide coverholder applications and branch applications
* Ensure that all binding contracts, master policies, consortiums, and line slips adhere to company procedures and regulatory requirements both before and after binding.
* Perform technical due diligence risk assessments of Coverholders, ensuring they meet the highest standards required.
* Provide valuable assistance to underwriters, including offering technical advice and assisting with Coverholder approvals.
* Stay ahead of the curve by monitoring and evaluating changes in the regulatory environment. Collaborate with stakeholders to develop solutions that keep the company compliant.
* Drafting direct dealing contracts and endorsements as needed
* Processing tasks accurately, in an efficient manner, in line with client SLA’s.
* Interacting with clients in a professional manner over the phone or via email.
* Handle and resolve Client, broker and Coverholder queries aswell as internal queries from team members
* Assist with client workflow management and daily/weekly/monthly reporting
* Have an appreciation of Client KPIs and SLAs.
Skills and Experience
* Minimum of 2 years’ experience in a Delegated function with exposure to delegation in both Lloyds and Company Markets
* Sound knowledge of underwriting practice
* Good understanding of the regulatory binder control frameworks
* Ability to clearly and concisely communicate in writing and verbally
* High attention to detail with great pragmatism
* Strong technical skills and ability to prioritise workload to meet deadlines.
* Understanding of principles of insurance and reinsurance is essential.
* Good understanding of London market systems and procedures is desirable.
* Knowledge of Property, Casualty, and Marine business classes desirable but not essential. Likewise, knowledge of the US insurance business would be advantageous.
* Maintain a conscientious, positive and enthusiastic approach to work, maintaining good working relationships with colleagues.