Delegated Authority Auditor

Tokio Marine HCC; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading global insurance company is looking for a Delegated Authority Auditor to conduct independent audits of UK non-Lloyd's Coverholders and DCA's. Candidates should have over 5 years of experience in audit roles within the insurance sector, with strong analytical, interpersonal, and reporting skills. This position offers a competitive salary and the opportunity for professional development within a rapidly growing organization. Emphasis on building strong relationships with stakeholders is also vital for success in this role.

Benefits

Competitive salary

Employee benefit package

Qualifications

• 5+ years of experience in audit roles within the insurance market.
• Technical knowledge of underwriting, operations, and claims handling.
• Ability to communicate effectively and confidently.

Responsibilities

• Perform independent audits of non-Lloyd's Coverholders and DCAs.
• Lead pre-audit scoping meetings with internal stakeholders.
• Prepare and produce high-quality audit reports.

Skills

Attention to detail

Interpersonal skills

Analytical skills

Reporting skills

Organizational skills

Time management

Due diligence

Investigative skills

Education

Degree or higher level education

Job description

Job Title: 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 perform independent audits of Tokio Marine HCC International's UK non-Lloyd's Coverholders and Delegated Claims Administrators ('DCA'), both on-site and off-site, in line with the annually agreed Audit Schedule.
• 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. The 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 organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of Companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.