Delegated Authority Audit Analyst

Tokio Marine Kiln; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading underwriting firm in London is seeking a Delegated Authority Audit Analyst to join the Delegated Authority department on a 12-month fixed-term contract. The role involves managing TMK binding authorities, analyzing audits, and ensuring compliance with regulatory standards. Ideal candidates will have strong knowledge of the Lloyd's market and excellent organizational skills. A supportive culture is prioritized, promoting inclusivity and flexible working arrangements.

Benefits

Flexible working arrangements

Inclusion network groups

CSR and charitable activities

Qualifications

• Good knowledge of the Lloyd's market and binding authorities.
• Excellent organizational and administrative skills.
• Confident using Excel and Word.

Responsibilities

• Support Audit Manager in audit scheduling.
• Analyze audit reports for Coverholders and DCAs.
• Communicate with stakeholders regarding actions needed.
• Understand regulatory requirements in Delegated Authority.
• Ensure compliance with required standards.

Skills

Knowledge of Lloyd's market

Organizational skills

Analytical thinking

Proficiency in Excel

Proficiency in Word

Job description

Overview

We have the opportunity for a Delegated Authority Audit Analyst to join the Delegated Authority department on a 12-month Fixed Term Contract here at Tokio Marine Kiln. Reporting into the Delegated Authority Audit Manager, you will participate in the management of TMK binding authorities and DCAs, specializing in operating the TMK Delegated Authority audit processes in accordance with set procedures, taking responsibility for analysis of audits, and ensuring that Coverholders and DCAs are operating appropriately, thereby adding value to the core business activities.

The role includes responsibility for:

Responsibilities

• Supporting Audit Manager in the annual and quarterly review process for audit scheduling.
• Analysing and processing audit reports for both Coverholders and DCAs, ensuring that issues are identified, followed up and escalated in accordance with DA Audit procedures.
• Communication with business and market stakeholders in determining action to be taken for each Coverholder and DCA.
• To have a clear understanding of regulatory requirements in terms of Delegated Authority, Conduct (including New Consumer Duty), Compliance and Financial Crime.
• To ensure all external Partners/Coverholders and DCAs understand and comply with our required Delegated Authority, Conduct (including New Consumer Duty), Compliance and Financial Crime requirements.
• Providing exception and any ad-hoc reports as and when required.
• Assisting with maintaining records of auditor panel and participating in selection of new auditors.
• Representing TMK as appropriate on Lloyd’s and other market forums.
• Providing cover for other Audit Analysts as and when required.
• Scoping of audits for Coverholders and DCA’s on a quarterly or adhoc basis.

Qualifications and attributes

The successful candidate will have good knowledge of the Lloyd’s market, binding authorities and Coverholder issues. They will have excellent organisational and administrative skills and will be confident using Excel and Word. We are looking for an analytical thinker who is adaptable and capable of developing themselves.

Culture, inclusion and benefits

The successful candidate will be welcomed into the TMK family to help us further our purpose of enabling our clients to fulfil their ambitions whilst benefiting society and our people. We are committed to ensuring a safe, open, inclusive and empowering environment in which all of our people can thrive. All employees have the opportunity to join one or a number of inclusion network groups or take part in CSR and charitable activities. TMK is signed up to the Disability Confident Employer Scheme and we also accommodate flexible working, subject to the TMK flexible working policy.

As an underwriting firm with over 140 years’ experience of protecting clients from changing risks we put our confidence in the ability and talent of our people. We aim to be a ‘Good Company’ and this means being a great and inclusive company to do business with and being a great place to work. Our culture is founded on our core values of empowerment, inclusion, excellence, integrity, teamwork and innovation. We seek to recruit the best talent by endeavouring to reach diverse talent pools, offering dynamic working arrangements and investing in development.

Support during application

To make your experience as comfortable as possible, please let us know if you require any reasonable adjustments or additional assistance during your application process. At Tokio Marine Kiln we are here to support you, please be reassured that we will do all that we can to ensure that your specific needs are met. Please reach out to [e-mail] in confidence, to discuss any specific assistance or requirements that you have.

If you encounter difficulties submitting your application, please email [e-mail].

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