Large Insurance client is in need of a Senior Delegated Authority Auditor to lead high-impact audits of third-party underwriting agencies (MGAs), coverholders, and binding authorities within the company s insurance portfolio.
This role ensures robust governance, regulatory compliance, and risk management across delegated underwriting arrangements, driving improvements in underwriting quality and operational efficiency.
Key Responsibilities
Strategic Audit Leadership
* Plan and execute risk-based audits of delegated underwriting partners, focusing on property insurance (residential, commercial, catastrophe-exposed risks).
* Evaluate compliance with Lloyd s standards, FCA/PRA regulations, and internal underwriting guidelines.
* Lead complex audits, including multi-jurisdictional coverholders and high-value binding authorities.
Governance & Stakeholder Management
* Present findings to C-suite, and the regulator, influencing strategic decisions.
* Mentor junior auditors and develop best practices for delegated authority oversight.
* Collaborate with Underwriting, Legal, and Finance to strengthen controls and contractual agreements.
Continuous Improvement
* Track remediation actions and validate corrective measures.
* Contribute to policies, training programs, and regulatory reporting.
Qualifications & Experience
Essential:
* 5-7 years in insurance auditing, compliance, or underwriting oversight, with expertise in property/catastrophe insurance.
* Proven experience auditing MGAs, coverholders, and TPAs in commercial or personal property lines.
* Strong grasp of FCA/PRA regulations, Solvency II, and contract law.
* Professional certification (e.g., ACII, CIA, CAMS, or equivalent).
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