Audit Analyst, Delegated Underwriting Authority

McNeil & Co.; City Of London; On-site; GBP 30,000 - 40,000; Full time

Job summary

An insurance company in London is seeking an Audit Analyst to support the Delegated Underwriting Authority Audit Manager. Responsibilities include maintaining the audit schedule, reviewing audit reports, and liaising with stakeholders. The candidate should have experience in audits, strong communication skills, and a minimum of A Level education or equivalent qualification. This role offers the opportunity to work with a recognized global insurance provider.

Qualifications

• An understanding of delegated authority contracts and governance process.
• Experience undertaking audits or reviewing audit reports desirable.
• Ability to review significant quantities of information effectively.

Responsibilities

• Assist in maintaining the coverholder audit schedule.
• Liaise with internal and external stakeholders to ensure remediation of findings.
• Monitor the timely receipt of audit reports.

Skills

Understanding of delegated authority contracts

Prior experience in audits

Intermediate MS Office, Excel

Project management skills

Excellent communication skills

Strong interpersonal skills

Education

Degree level education preferred

A Level education minimum

Job description

Audit Analyst, Delegated Underwriting Authority

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

Role Summary and Purpose

The role supports the Delegated Underwriting Authority Audit Manager in overseeing the coverholder audit function of Arch UK.

Key Tasks and Responsibilities

• Assist in maintaining the coverholder audit schedule
• Assist in the scheduling and scoping of audits
• Assist in the review of audit reports and identifying required follow up actions to be issued to the coverholder
• Monitor the timely receipt of audit reports and record their findings and recommendations in Arch internal systems and Lloyd's Delegated Audit Management system where required
• Manage the DUA Audit mailbox
• Liaise with internal and external stakeholders to ensure remediation of findings and recommendations, updating Arch and Lloyd's systems to assist with monitoring progress
• Maintain Arch approved auditors list and associated auditor Terms of Business Agreements
• Maintain the Arch coverholder and binding authority management system
• Liaise with Arch Compliance team where High Conduct Risk products are sold under binding authority arrangements

Role Requirements & Skills

• An understanding of delegated authority contracts and the governance process around these
• Prior experience undertaking audits and/or reviewing audit reports desirable
• MS Office, Excel intermediate
• Demonstrated project management skills
• Excellent communications skills, both verbal and written
• Strong interpersonal and team working skills

Ability to review significant quantities of information, identifying and extracting key issues

Qualifications

• Degree level education preferred, 'A' Level education minimum or equivalent relevant professional qualification
• Strong analysis and data processing skills
• Knowledge of Lloyd's structure and policies in delegated underwriting

Experience

• At least one year's experience working within delegated authorities, preferably within a delegated underwriting team.

Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.

We are an equal opportunities employer and welcome applications from all qualified candidates.