Delegated Authority Analyst

HFG; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading Lloyd's Insurer in the City of London is seeking a Delegated Authority Analyst to join their growing team. The role involves oversight, monitoring, and auditing of delegated authority arrangements, as well as preparing management information for underwriting and claims functions. Ideal candidates will have strong experience in governance and MI, with 3-5+ years in the field.

Qualifications

• 3-5+ years of experience in Delegated Authority, Governance, and MI.

Responsibilities

• Collaborate with teams to prepare delegated authority proposals.
• Oversee monitoring and auditing of delegated authority agreements.
• Prepare MI reports for underwriting and claims committees.

Skills

Governance

Management Information

Delegated Authority

Tools

Excel

Job description

New Vacancy - Delegated Authority Analyst
Lloyd's Insurer
City of London

I am currently recruiting for a leading Lloyd's Insurer who is seeking a Delegated Authority Analyst to join their growing team.

My client is looking for someone with strong experience in DA, Governance, and MI to support the wider Underwriting & Claims functions of the business. You will be responsible for the day-to-day oversight, monitoring, and auditing of DA arrangements, as well as preparing MI data packs for relevant Underwriting/Claims processes. The ideal candidate will have 3-5+ years of experience in this area.

Key Responsibilities

1. Collaborate with underwriting and claims teams to prepare new and renewal delegated authority proposals for submission to the Delegated Underwriting and Product Oversight Group.
2. Oversee the management, monitoring, and auditing of delegated authority agreements, including issue resolution, escalation handling, reporting, logging, and governance oversight.
3. Prepare management information (MI) reports and presentation packs for underwriting and claims committees and working groups.
4. Develop and generate data reports using Excel, including designing and producing management information (MI).
5. Contribute to initiatives aimed at enhancing MedPro's data control and staging environments.
6. Track premium development concerning Estimated Premium Income (EPI).
7. Partner with underwriting, claims, and other Group entities to ensure timely receipt and quality assurance of bordereaux and financial data.
8. Ensure all contract amendments directed by underwriting and claims are accurately reflected in binding authority agreements, working closely with Legal to escalate and resolve issues before implementation.
9. Monitor contractual service level agreements (SLAs), including those with coverholders, and escalate non-compliance when necessary.
10. Draft and manage Letters of Authority for underwriting and claims, including monitoring compliance and identifying exceptions.
11. Engage in broader business initiatives and cross-functional projects.