Delegated Authority Audit Analyst

Tokio Marine Kiln; Greater London; On-site; GBP 40,000 - 55,000; Full time

Job summary

A leading underwriting firm in Greater London seeks a Delegated Authority Audit Analyst for a 12-month Fixed Term Contract. You will support audit processes, analyze audit reports, and ensure compliance with regulatory requirements. The ideal candidate possesses strong analytical thinking skills, knowledge of the Lloyd's market, and proficiency in Excel and Word. You will be welcomed into a diverse and inclusive environment committed to your development and success.

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.
• Analytical thinker capable of self-development.

Responsibilities

• Support Audit Manager in audit scheduling.
• Analyze and process audit reports for Coverholders and DCAs.
• Communicate actions to business and market stakeholders.
• Ensure regulatory compliance in Delegated Authority.
• Maintain records of auditor panel and assist in selection.

Skills

Knowledge of the Lloyd's market

Analytical thinking

Organizational skills

Administrative skills

Excel proficiency

Word proficiency

Job description

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 :

• 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

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.

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.