Delegated Authority Assurance Technician

Sellick Partnership; City Of London; Hybrid; GBP 48,000 - 55,000; Full time

Job summary

A recruitment agency is seeking a Delegated Authority Assurance Technician in London. This role involves supporting audit and assurance teams, ensuring compliance with regulatory requirements, and undertaking quality assurance reviews. Candidates should have experience in audit within an insurance setting and be willing to travel. The position offers competitive benefits, including private medical insurance and generous holiday allowance.

Benefits

Private Medical Insurance

25 days holiday plus option to purchase more

10% Pension Contributions

6 months Paid Family Leave

Qualifications

• Experience of Audit and Assurance within an insurance setting is ideal.
• Willingness to travel (within UK and overseas).
• Knowledge of legal contracts and data analysis beneficial.

Responsibilities

• Assist with annual audit planning and reporting.
• Support preparation and delivery of timely audits.
• Provide support for regulatory reporting requirements.

Skills

Audit experience

Data analysis

Understanding of legal contracts

Oversight and control background

Job description

Overview

Delegated Authority Assurance Technician – Insurance – London – £48-55,000 D.O.E. This role is part of a newly created function to strengthen oversight and control of DA relationships within a global insurance business on a permanent basis.

You will be supporting the delegated authority audit and assurance teams and assist in ensuring Outsourced Service providers comply with contractual and regulatory requirements. You will help with audit preparation, drafting reports, tracking and analysis of audit findings, and reviewing information to ensure procedures are adhered to in order to minimise risk to the business and its policyholders.

Responsibilities

• Audit: assist with annual audit planning and reporting; maintain audit systems and perform data quality checks; support the preparation and delivery of accurate and timely audits as per the DA Audit plan and methodology; assist in fieldwork where directed; help produce written Audit reports for Senior Management; ensure audit issues are followed up with relevant stakeholders.
• Assurance: assist in tracking and reviewing identified actions; produce regular MI reporting to Boards and Committees; contribute to trend analysis on audit findings; monitor and record audit results of approved Delegated Authority Arrangements and externally validated reports of OSPs; undertake Quality Assurance Reviews as part of the QA and Improvement Programme; participate in onboarding potential new Agents / Coverholders / TPAs (due diligence) when required; assist in auditing Sub-Third Party Service Providers (Sub-Agents or Sub-TPSPs) including on-site and remote fieldwork with travel as needed.
• Regulatory and Conduct: provide support for ad hoc requests or longer-term projects; satisfy regulatory reporting requirements in collaboration with the reporting function; ensure compliance with Munich Re's Code of Conduct and the FCA Conduct Rules.

Experience and Qualifications

• Willingness to travel (within UK and overseas).
• Experience of Audit and Assurance within an insurance setting is ideal.
• Background in oversight and control is desirable.
• Knowledge of legal contracts is desirable.
• Data analysis experience.

Benefits

• Opportunity to travel abroad and around the UK.
• 2 days in the office per week.
• 25 days holiday plus option to purchase more.
• Private Medical Insurance.
• 10% Pension Contributions.
• 6 months Paid Family Leave.

How to Apply

Please contact Chelsey Saxon for more information and to have a confidential discussion.

Sellick Partnership is proud to be an inclusive and accessible recruitment business and we support applications from candidates of all backgrounds and circumstances. Our advertisements use years' experience, hourly rates, and salary levels purely as a guide; we assess applications based on the experience and skills evidenced on the CV. For information on how your personal details may be used, please review our data processing notice on our website.