Delegated Underwriting Authority Analyst

WR Berkley; Greater London; Presencial; GBP 70.000 - 110.000; Jornada completa

Descripción de la vacante

WR Berkley is seeking a Delegated Underwriting Authority Analyst to oversee the delegated authority portfolio and associated risks. You will conduct due diligence on coverholders, manage the audit cycle, and ensure timely bordereau reporting, collaborating with SMEs and senior stakeholders.

The role involves review of contracts, EPI processes, and ensuring regulatory compliance across the Lloyd's delegated framework.

Formación

• Good awareness of delegated authority management; including due diligence, audit, bordereaux, market systems (e.g. Atlas and DCOM) and regulatory requirements.
• Effective interpersonal skills; professional and approachable with a 'can do' attitude, and the ability to build trust with senior stakeholders.

Responsabilidades

• Oversee delegated authority portfolio and associated risks.
• Perform due diligence into coverholders and third parties to ensure regulatory and internal compliance.
• Conduct accurate pre-bind reviews of delegated authority contracts.
• Manage coverholder audit cycle: planning, scheduling, scoping, auditor liaison, and remediation of recommendations.
• Peer review bordereau management system accounts, mappings and validations with offshore team.
• Liaise with Delegated Reporting Manager to ensure bordereaux are received timely and to specification.
• Report performance metrics to internal stakeholders and participate in the Delegated Underwriting Group.
• Support systems, controls and record keeping to deliver outcomes.
• Advise underwriters and troubleshoot issues using SME knowledge.
• Facilitate the underwriter EPI review process.

Conocimientos

Delegated authority management

Regulatory knowledge

Audit

Stakeholder management

Herramientas

Atlas

DCOM

Descripción del empleo

Responsibilities

The Delegated Underwriting Authority Analyst is responsible for the oversight of our delegated authority portfolio and managing associated risks. This encompasses coverholder due diligence, audit management, and ongoing monitoring.

More specifically, this includes:

• Effective and timely due diligence into coverholders and third parties (including new, renewal, and Lloyd's coverholder tribunalisations) to ensure compliance with both regulatory and internal requirements.
• Accurate and timely pre-bind reviews of delegated authority contracts.
• Proactive management of our coverholder audit cycle; including planning, scheduling, scoping, auditor liaison, and the remediation of recommendations.
• Accurate peer review of bordereau management system accounts, mappings and validations created by the offshore team, liaising with SMEs as needed.
• Liaising with the Delegated Reporting Manager to ensure that bordereaux are received in a timely manner and to specification.
• Accurate reporting of performance metrics to internal stakeholders, including participating in the Delegated Underwriting Group.
• Supporting wider efforts to ensure that systems, controls and record keeping are in place to deliver the above outcomes.
• Using subject matter knowledge and experience to advise underwriters and troubleshoot issues.
• Facilitation of the underwriter EPI review process.

Qualifications

• Good awareness of delegated authority management; including due diligence, audit, bordereaux, market systems (e.g. Atlas and DCOM) and regulatory requirements.
• Effective interpersonal skills. Professional and approachable with a 'can do' attitude, and the ability to build trust with senior stakeholders.