Delegated Underwriting Oversight Specialist

WR Berkley; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

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.

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.

Responsibilities

• 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.

Skills

Delegated authority management

Regulatory knowledge

Audit

Stakeholder management

Tools

Atlas

DCOM

Job description

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.