Senior Delegated Authority Analyst

Morson Edge; England; On-site; GBP 65,000 - 75,000; Full time

Job summary

A leading insurance firm in London is searching for a Senior Delegated Authority Analyst to lead their audit function. In this role, you will ensure compliance with company guidelines and maintain audit schedules. Candidates must have at least 3-5 years of audit experience within the insurance or reinsurance sectors, and strong communication skills are vital. This position requires a keen understanding of Lloyd's structure and policies. Excellent interpersonal skills and teamwork are essential. The role offers a salary range of £65k to £75k and requires you to be in the office 3 days a week.

Qualifications

• 3-5 years of audit experience within an insurance and/or reinsurance organization.
• Ability to assume increased responsibilities within a dynamic organization.
• In-depth understanding of Lloyd's Delegated Underwriting Audit process.

Responsibilities

• Lead the Delegated Underwriting Authority Audit function for compliance.
• Maintain the Delegated Authority audit and review schedules.
• Manage exceptions and report to the Head of Delegated Underwriting Authority.

Skills

Audit experience

Interpersonal skills

Communication skills

Understanding of Conduct Risk regulations

Teamwork

Job description

Senior Delegated Authority Analyst - £65 - £75k

3 days in the office, based in the City, London.

Based in London reporting to the Head of Delegated Underwriting Authority, this role will be responsible for working to support continued compliance with the Company’s guidelines and standards set out within the Delegated Authority Framework along with Lloyd’s “Code of Practice.

The role

• Lead the Delegated Underwriting Authority Audit function to ensure the client has an audit strategy that includes delegated underwriting technical reviews and operational audits of third parties that support the delegated underwriting process.
• Maintain approved auditor audit panel ensuring all TOBA’s are agreed and up to date.
• Maintain the Delegated Authority audit and review schedules ensuring participation in Lloyd’s co-ordinated audit activities.
• Maintain audit and review recommendations and follow up on remediation actions as required to ensure compliance with recommendations.
• Manage exceptions and report to Head of Delegated Underwriting Authority where appropriate.

Experience

• At least 3-5 years of audit experience within an insurance and / or reinsurance organization or public accounting firm.
• A strong desire to add value and succeed as a member of the DUA team and the ability to assume increased responsibilities within a dynamic and growing organisation.
• Excellent interpersonal & communication skills with the ability to function in a team environment.
• In depth understanding of Lloyd's Delegated Underwriting Audit process.
• In depth knowledge of Lloyd’s structure and policies in delegated underwriting.
• Understanding of Conduct Risk regulations and their application to the product review process.