Delegated Authority Auditor

Tokio Marine HCC; City of Westminster; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading specialty insurance firm is seeking a Delegated Authority Auditor in Westminster, UK. The role involves conducting independent audits of selected third parties and managing the audit process. Candidates should have over 5 years of experience in the insurance market, excellent communication and analytical skills, and be ready to travel within the UK for audits. The company offers a competitive salary and unique opportunities for professional growth in a dynamic environment.

Benefits

Competitive salary

Employee benefit package

Qualifications

• 5+ years of audit experience in the insurance market.
• Technical knowledge of underwriting and claims handling.
• Effective communication skills in a professional manner.
• Ability to manage time and audits across various locations.

Responsibilities

• Lead pre-audit scoping meetings with stakeholders.
• Manage pre-audit processes for third-party audits.
• Produce high-standard audit reports and summaries.
• Build relationships with Compliance and external parties.

Skills

Audit experience

Attention to detail

Interpersonal skills

Analytical skills

Organizational skills

Written/report-writing skills

Education

Degree or higher level

Job description

Delegated Authority Auditor

Reporting to: Head of Delegated Authority | Direct Reports: None | Position Type: Permanent

Overview: Why Tokio Marine HCC?

Standing still is not an option in the current world of Insurance. TMHCC are one of the world's leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose

To perform independent audits of Tokio Marine HCC International's selected UK, non‑Lloyd's third parties in line with the Audit Schedule and to help develop the internal audit oversight framework.

Key Responsibilities

• To lead pre‑audit scoping meetings with key internal stakeholders to understand the agreement(s) and third party being audited, the scope of the audit and any additional information that would be beneficial to ensure maximum value is gained from the audit.
• To arrange and manage the pre‑audit process for third‑party audits, including arranging suitable dates, the collection of pre‑audit information, the selection of files to be reviewed and the discussion of audit findings with the third party.
• To communicate professionally and confidently with all appropriate third parties throughout the entire end‑to‑end audit process.
• To produce, to a high standard, an executive summary and full audit report for every audit in line with agreed service standards.
• Audit reports will be peer‑reviewed before issuance to the Delegated Authority Team for follow‑up with internal and external stakeholders.
• To undertake peer review of other auditors’ reports.
• To assist with the review and develop the internal third‑party audit scope(s) on a regular basis.
• To provide input to the production of the annual Audit Schedule.
• To keep up to date with relevant emerging and developing regulatory and process changes within the market and ensure that any impact to the audit framework is considered and applied, as required.
• To build and maintain strong relationships with the Compliance Department, internal business units and external third parties.

Skills and Experience Specification

Essential

• Experience of 5+ years working in an audit role within the insurance market, with technical knowledge of underwriting, operational and claims handling requirements, and the workings of Coverholders and DCA’s.
• Attention to detail, excellent due diligence and investigative skills.
• Strong interpersonal skills with the ability to communicate effectively with individuals in a confident, assertive and professional manner.
• Strong analytical and written/report‑writing skills.
• Excellent organisation and time management skills.
• Happy to travel to various locations within the UK to perform the audits.

Desirable

• Educated to a degree or higher level.

What We Offer

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organisation experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.

Equal Opportunity Employer

The Tokio Marine HCC Group of Companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.