Our client is a well-established and highly regarded Underwriter with an excellent market reputation. They are now looking for a new person to join their Delegated Authority team as a Delegated Authority Technician, with a salary of £40,000 - £55,000 per annum.
The successful candidates key focus will be to administer best delegated underwriting management practices, participating in internal projects and market initiatives where required to achieve this aim. In addition, it is essential to provide strong stakeholder engagement for delegated underwriting across the Business and with Coverholders, brokers, and Lloyds.
Responsibilities:
* Facilitating approval of new Coverholders and Binding Authority Agreements
* Handling Coverholder applications under the guidance of the Head of Delegated Underwriting Authority
* Processing and managing approval of renewals including preparation of renewal data, annual due diligence, internal sign-off documents, drafting agreements, pre-bind quality assurance, and registrations
* Undertaking Conduct Risk review on new and renewal Coverholders and referring to the Product Oversight Committee where required
* Resolution of audit recommendations relevant to the agreed portfolio of coverholders
* Drafting of documentation for direct deal facilities, where required
* Reviewing and managing sign-off of lineslips and consortiums
* Ensuring accurate risk entry and rating in the underwriting system, processing endorsements, and updating systems where required for facilities managed
* Ensuring account information is accurate and processed in Lloyds delegated authority systems
* Monitoring of premium income and commissions against booked estimates monthly
* Attendance at the quarterly Delegated Authority Management Group
* Participation on internal projects and meetings where required
* Handling the processing of bordereaux (written and paid) onto internal systems and Lloyds systems
* Help to maintain internal logs related to receipt of bordereaux and its status of upload
* Monitor the quality of bordereaux data and resolving data issues by liaising with Underwriters / Coverholders & Brokers
Date: 25 Oct 2024
Sector: INSURANCE
Type: Permanent
Location: London
Salary: £40,000 - £55,000 per annum
Contact: brian@taylorjamesresourcing.com
Ref: BT452
J-18808-Ljbffr