Delegated Authority Analyst

TN United Kingdom; Chelmsford; Hybrid; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a Delegated Authority Analyst to enhance their operations in the insurance sector. This hybrid role offers the flexibility to work from home or the office, focusing on managing Delegated Authority agreements and liaising with key stakeholders. You will play a vital role in drafting agreements, supporting underwriting teams, and analyzing portfolio performance to drive growth. Join a diverse and inclusive team that values continuous learning and offers a comprehensive benefits package, fostering an environment where everyone can thrive.

Benefits

Comprehensive benefits package

Flexible working options

Continuous learning opportunities

Diversity and inclusion initiatives

Qualifications

• Sound understanding of Delegated Authority and Binding Authorities.
• Broad knowledge of Lloyd’s and London Market Insurance.

Responsibilities

• Own Contract renewals for Structured Portfolio Solution agreements.
• Draft Delegated Authority Agreements and ensure compliance.
• Analyze portfolio insights to drive growth.

Skills

Delegated Authority

Binding Authorities

Lloyd’s Market Knowledge

Insurance Processes

Compliance Understanding

Job description

Delegated Authority Analyst

Do you have experience with Delegated Authority and Binding Authorities/Agreements? Do you have a broad understanding of the Lloyd’s and London insurance markets? This is a hybrid role with the flexibility to work both virtually and from our Chelmsford, London, or Redhill office.

About Aon

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. We are a trusted, inclusive, and diverse team passionate about helping our colleagues and clients succeed.

What the day will look like

1. Owning the Contract renewals for specific Structured Portfolio Solution (SPS) agreements within AUM, working with the Delegated Authority Business Partners to ensure progress is communicated to key stakeholders.
2. Establishing yourself as the SPS liaison point for brokers and other key stakeholders for specific SPSs.
3. Supporting discussions with Delegated Authority teams and capacity providers to keep them updated with plans and changes, understanding their needs.
4. Drafting Delegated Authority Agreements and endorsements accurately.
5. Assisting in drafting and analyzing Aon Delegated Authority Agreement templates.
6. Liaising with internal stakeholders (underwriters, claims, brokers, reporting teams) to ensure contractual requirements are met and SPS opportunities are supported.
7. Supporting Underwriting teams in reviewing SPS performance with carriers through quarterly calls.
8. Analyzing the portfolio to gain insights into SPSs and presenting findings to drive growth.
9. Supporting SPS product owners in contractual compliance and escalating risks and issues.
10. Ensuring governance and processes are followed across SPSs.
11. Supporting leadership objectives, including process improvements, IT systems, automation, and system integration projects.

How this opportunity is different

The team focuses on crafting solutions for complex placements, drafting outstanding Agreements, and working with Lloyd's, the LMA, and carriers’ Delegated Authority Teams. We develop existing products, identify efficiencies, and enable growth through insight-driven risk transfer advice and market solutions.

Skills and experience that will lead to success

• A sound understanding of Delegated Authority, Binding Authorities, Agreements, and core insurance processes.
• Broad understanding of Lloyd’s and the London Market Insurance.
• Technical insurance knowledge related to delegated business management and placement.
• Ability to provide solutions for complex requirements.
• Understanding of compliance and FCA regulation.

How we support our colleagues

We offer a comprehensive benefits package, promote diversity, and provide flexible working options, including Smart Working. Our culture encourages continuous learning, growth, and authenticity. We value an inclusive workplace where everyone can be their true selves. Aon is an equal opportunity employer and provides reasonable accommodations for applicants with disabilities.