Senior Delegated Authority Analyst

IQUW Property Insurance; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

IQUW Property Insurance in Greater London is seeking a Senior Delegated Authority Analyst to support the implementation of the Delegated Authority strategy. The candidate will work closely with Underwriters, ensuring compliance with the company's Delegated Authority Framework.

The ideal candidate will have extensive experience in delegated authorities, strong analytical skills, and excellent communication abilities. IQUW offers training and development opportunities in an inclusive environment.

Qualifications

• Extensive experience in Delegated Authorities, ideally in the Lloyd’s market.
• Excellent attention to detail and investigative skills.
• Ability to communicate effectively with all levels of the business.

Responsibilities

• Provide full support to Underwriters ensuring due diligence across all delegated authorities.
• Implement the annual audit programme for Cover-holders and DCAs.
• Prepare governance and performance reporting of delegated authority arrangements.

Skills

Delegated Authorities experience

Attention to detail

Analytical skills

Communication skills

Excel skills

Interpersonal skills

Tools

DCOM

DAM

Lineage

Atlas

Crystal

DDM

VIPR’s Intrali

LWR

Job description

Overview

About us

Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.

Role Purpose

The role of the Senior Delegated Authority Analyst is vital to support the DA team with the successful implementation of IQUW’s Delegated Authority strategy, with focus on service to Underwriters, due diligence and audit management.

The purpose of the role is to support the IQUW delegated authority (DA) function, primarily Underwriters writing delegated authority arrangements within IQUW’s Syndicate 218 and 1856, ensuring compliance with the company’s Delegated Authority (DA) Framework.

Key Responsibilities

• In line with the DA Framework provide full support to Underwriters and other relevant stakeholders by ensuring due diligence and ongoing monitoring is undertaken across all new and existing delegated authorities (Binding Authorities, Line slips, Consortium and Delegated Claims Administrators (DCAs).
• To undertake all the steps of the IQUW audit policy and to ensuring the timely implementation of the annual audit programme for Cover-holders and DCAs
• Prepare governance and other performance reporting and insights of IQUW’s delegated authority arrangements, including discussing KPIs with Underwriting and relevant stakeholder teams.
• To support the Delegated Authority Team with administrating the review process for all binding authorities, line slips, consortium and DCAs falling within IQUW.
• To produce any DA regulatory and Lloyd’s returns as required and actions arising from market thematic reviews are embedded within the company.
• To build and maintain a strong relationship with all business units, particularly Underwriting teams.
• Where required, to attend the Delegated Underwriting Managers (‘DUM’) forums and other market seminars / workshops.
• Provide co-ordination support for internal/external audit reviews and other ad hoc DA projects.
• Assist operational support and oversight of outsourced resource working on Bordereaux data capture and management, EPI Monitoring and support the process in resolving bordereaux or EPI queries.

The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.

Qualifications, skills and experience

• Extensive experience working in Delegated Authorities role within an insurance company, ideally within the Lloyd’s market.
• Attention to detail, excellent due diligence, and investigative skills.
• Strong analytical, written and communication skills.
• Developing and coaching junior members of the DA Team.
• Excellent organisation and time management skills.
• Strong interpersonal skills with the ability to communicate effectively with individuals at all levels of the business in a confident and professional manner.
• IT literate with experience of third-party Lloyd’s management systems, including DCOM, DAM, Lineage, Atlas, Crystal, DDM, VIPR’s Intrali & LWR
• Strong Excel skills

Core behavioural competencies

• Analysis and decision making
• Innovation and problem solving
• Strategic perspective
• Performance focus
• Communication and influence
• Resilience and adaptability

Additional Information

• A full job description can be seen here

Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

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