Coverholder Audit Assistant

AXIS Capital; Greater London; Hybrid; GBP 30,000 - 45,000; Full time

Job summary

A global insurance provider in London is seeking a Coverholder Audit Assistant to support audit management and compliance. This role involves liaising with various stakeholders, ensuring adherence to audit procedures, and maintaining accurate documentation. You will need strong customer service and administrative skills, excellent communication, and the ability to multitask. A degree and experience in the London insurance market are preferred. This position offers a comprehensive benefits package and requires attending the London office three days per week.

Benefits

Comprehensive benefits package

Medical plans for you and your family

Retirement plans

Tuition reimbursement

Paid annual leave

Qualifications

• Strong customer service and administrative skills required.
• Ability to build trust and operate with integrity.
• Proven multitasking skills to manage conflicting priorities.

Responsibilities

• Support Coverholder Audit Manager with oversight of the audit function.
• Ensure adherence to AXIS DUA procedures for Coverholder Audits.
• Assist underwriting teams to ensure compliance with standards.

Skills

Strong customer service skills

Excellent communication skills

Interpersonal skills

Integrity and professionalism

Ability to multitask

Proactive initiative

Education

Educational degree

Job description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

Job Description: Coverholder Audit Assistant

How does this role contribute to our collective success?

The role supports the Coverholder Audit Manager and the Head of Delegated Underwriting Operations in ensuring appropriate management and oversight of AXIS’ Coverholder Audit function for all business written into AXIS via Coverholder and MGA arrangements.

What will you do in this role?

• Ensure Adherence to the AXIS DUA procedures manual in relation to Coverholder Audits.

• Ensure appropriate and accurate planning and scoping of coverholder Audits for AMAL & ASE.

• Assist and provide guidance to underwriting teams in relation to Coverholder audits and ensuring compliance with Lloyd’s Minimum Standards and AXIS’ Coverholder audit procedures.

• Liaise with relevant external stakeholders such as Lloyd’s, Coverholders, Brokers, Managing Agents as well as all appropriate internal stakeholders (Underwriters, Delegated Claims, Conduct Risk and Compliance).

• Develop and enhance strong working relationships with our external Coverholder auditors.

• Analyse and process Coverholder Audit Reports ensuring that any recommendations/findings are identified, resolved and/or escalated as appropriate.

• Monitor all outstanding recommendations whilst working with stakeholders to ensure compliance.

• Provide appropriate MI reporting and exception reporting around Coverholder Audits.

• Maintain auditor due diligence documentation as well as undertaking due diligence on new auditors.

• Maintain accurate Dynamics records for all Coverholder Audits undertaken ensuring the capturing of all relevant information.

• Assist with the onboarding of US MGA audits as they come into scope.

• Assist the Coverholder Audit Manager and Head of Delegated Underwriting Operations in identifying and implementing any operational or IT enhancements to the Coverholder audit procedures.

• Represent AXIS on any appropriate Lloyd’s Audit market meetings/forums.

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You:

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have:

• Strong customer service and administrative skills

• Excellent communication and interpersonal skills

• Ability to build trust by operating with integrity and professionalism

• Ability to multitask and manage conflicting priorities

• Ability to use initiative and to be proactive

What we prefer you to have:

• An educational degree

• An understanding of the London Insurance Market

• Previous experience (1+yrs) of Delegated Authority business

Role Factors:

In this role, you will typically be required to:

• To be able to travel to the London Office for 3 days a week (current requirement, which is continually evaluated and may be subject to change).

What we offer:

You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.