Delegated Authority Controls Specialist-2

Travelers Companies, Inc.; Greater London; Hybrid; GBP 45,000 - 65,000; Full time

Benefits offered by this job

Private Medical Insurance

Pension plan

Holiday entitlement

Job summary

Travelers Companies, Inc. is seeking a Delegated Authority Controls Specialist in London. The role supports the Underwriting Controls Manager, coordinating Underwriting Reviews, Authorities and audits.

Hybrid work policy allows three days in the office and two days at home. The candidate will prepare reports, monitor breaches and drive process improvements. Ideal candidates have experience in insurance, proficiency in Excel, and ACII or part qualifications.

Qualifications

• GCSE English and Maths or equivalent.
• Good understanding of Insurance practices and market structure.
• Strong numeracy and analytical skills.

Responsibilities

• Coordinate and administer Underwriting Reviews with timely reporting.
• Assist with control and administration of Underwriting Authorities.
• Prepare and maintain management reports as required.
• Track and report on Underwriting Reviews, authority breaches and policy changes.
• Coordinate internal and external Underwriting Audits and ensure proper reporting.

Skills

Underwriting controls

Excel

Communication

Numeracy

Attention to detail

Team player

Multi-tasking

Influencing others

ACII or part qualified

Education

GCSE English & Maths

ACII or part qualified

Tools

Excel

Reporting tools

Underwriting platforms

Job description

## Delegated Authority Controls Specialist-2Apply: Hybrid: LON - London: Full time: Posted Today: R-53430## **Who Are We?**Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.## **Job Category**Underwriting## **Target Openings**1## **What Is the Opportunity?**You will support the Underwriting Controls Manager and team to ensure the required standards and underwriting controls are properly administered, coordinated and maintained. Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.## **What Will You Do?*** Assist with the coordination and administration of Underwriting Reviews. This includes, prompt and effective reporting, monitoring findings and fostering best practice. Underwriting Reviews include (but are not limited to) Peer Review, Independent Peer Review, Underwriter Level Reviews and Thematic Reviews.* Assist with the control and administration of Underwriting Authorities.* Prepare and maintain various management reports as required.* Track, monitor and contribute to reports on Underwriting Reviews, authority breaches, exception reports, policy reformation etc. so that reports and information is timely, accurate and effective.* Assist with the coordination of both internal and external Underwriting Audits, including; Internal Audit / Enterprise Audit / Corporate Reviews / Pool Re / Gareat. Ensure that there is an effective process in place for recording and monitoring third party audits and reviews and that this is maintained and produces appropriate and efficient reporting.* As required maintain Underwriting Procedural Notes.* Provides continuous input to system improvement requirements.* Assist the Underwriting Controls Manager with management of Underwriting standards/controls and other business projects as required by the Underwriting Officers.* Perform other duties as assigned.## **What Will Our Ideal Candidate Have?*** Relevant experience working in an Insurance Company or Lloyd's Syndicate. Familiarity with Underwriting / Workflow platforms.* Ability to communicate with people at all levels and have an ability to develop a good working relationship with colleagues.* Good team player with the ability to work independently when required.* Good numeracy skills.* Good attention to detail with the ability to analyse, synthesise and compare information to understand issues.* Ability to prioritise, highly organised, able to multi-task in order to meet deadlines.* Ability to influence others not reporting directly to you in order to achieve required objectives.* Intermediate Excel proficiency and ability to use reporting tools.* ACII or part qualified.## **What is a Must Have?*** Educated to GCSE level (or equivalent) including English and Maths.* A general understanding of Insurance practices and principles and the Insurance market structure.## **What Is in It for You?*** **Private Medical Insuran****ce:** On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.* **Retirement:** Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.* **Holiday Entitlement:** Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.* **Wellness Programme:** The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.* **Volunteer Encouragement:** We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.## **Employment Practices**Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.Travelers reserves the right to fill this position at a level above or below the level included in this posting.