Senior Delegated Underwriting Analyst

Pro Insurance Solutions Ltd; London; Hybrid; GBP 50,000 - 75,000; Full time

Job summary

Pro Insurance Solutions Ltd seeks a Senior Delegated Underwriting Analyst to lead reviews and manage applications for Lloyd’s coverholders. The role demands expertise in underwriting, strong communication skills, and a thorough understanding of insurance practices. Offering flexible hybrid working, candidates will engage in vital decision-making processes with significant industry stakeholders.

Qualifications

• Minimum 2 years’ experience in delegated underwriting.
• Exposure to Lloyd’s and company markets essential.
• Strong technical and communication skills required.

Responsibilities

• Manage complex lead binder reviews and new Coverholder applications.
• Ensure compliance with binding contracts and policies.
• Conduct due diligence and risk assessments.

Skills

Delegated underwriting experience

Underwriting practices knowledge

Communication skills

Attention to detail

Technical skills

Insurance principles understanding

Knowledge of London market systems

Knowledge of Property, Casualty, Marine insurance markets

Job description

The Vacancy

Senior Delegated Underwriting Analyst

Pro Insurance Solutions Ltd is seeking a Senior Delegated Underwriting Analyst to join our Insurance Services team. The successful candidate will be responsible for managing complex lead binder reviews and new Coverholder applications for both the company and Lloyd’s.

We offer a flexible hybrid working model, with work based at home and at our Gloucester or London offices. Regular travel to London may be required if based in Gloucester.

Main Duties and Responsibilities

1. Review and prepare new Lloyd's applications, including worldwide coverholder and branch applications.
2. Ensure binding contracts, master policies, consortiums, and line slips comply with company procedures and regulations before and after binding.
3. Conduct technical due diligence and risk assessments of Coverholders to ensure high standards.
4. Assist underwriters with technical advice and Coverholder approvals.
5. Monitor regulatory environment changes and collaborate on compliance solutions.
6. Draft direct dealing contracts and endorsements as needed.
7. Process tasks efficiently in line with client SLAs.
8. Communicate professionally with clients via phone and email.
9. Handle queries from clients, brokers, Coverholders, and internal team members.
10. Support client workflow management and reporting.
11. Understand and meet Client KPIs and SLAs.

Skills and Experience

1. At least 2 years’ experience in delegated underwriting, with exposure to Lloyd’s and company markets.
2. Knowledge of underwriting practices and regulatory binder control frameworks.
3. Excellent written and verbal communication skills.
4. High attention to detail and pragmatic approach.
5. Strong technical skills with the ability to prioritize tasks.
6. Understanding of insurance and reinsurance principles.
7. Knowledge of London market systems and procedures is desirable.
8. Knowledge of Property, Casualty, Marine, and US insurance markets is advantageous.
9. Positive, conscientious attitude and good team relationships.