Senior Delegated Underwriting Authority Analyst

WR Berkley; Greater London; In loco; GBP 65.000 - 85.000; Tempo pieno

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WR Berkley in London seeks a Senior Delegated Underwriting Authority Analyst to oversee delegated authority portfolios and related risk management. You will conduct due diligence on coverholders and third parties, manage audits, and ensure timely, compliant bordereau processing.

We value strong communication with senior stakeholders and the ability to mentor juniors while supporting continuous improvement of controls and record-keeping systems.

Competenze

• Strong knowledge of delegated authority management; including due diligence, audit, bordereaux, market systems and regulatory requirements.
• Effective interpersonal skills; professional, approachable and able to build trust with senior stakeholders.

Mansioni

• Oversight of delegated authority portfolio and risk management.
• Perform coverholder due diligence (new, renewal, Lloyd's coverholder tribunalisations) to meet regulatory and internal standards.
• Review delegated authority contracts pre-bind accurately and timely.
• Manage coverholder audit cycle: planning, scheduling, scoping, auditor liaison and remediation of recommendations.
• Peer review of bordereau management system accounts, mappings, and validations with offshore team liaison.
• Liaise with Delegated Reporting Manager to ensure bordereaux received timely and to specification.
• Report performance metrics to internal stakeholders and participate in the Delegated Underwriting Group.
• Help ensure systems, controls and record keeping support the above outcomes.
• Advise underwriters using subject matter knowledge and troubleshoot issues.
• Support the development of junior team members and deputise for senior staff when required.
• Facilitate the underwriter EPI review process
• Qualifications include strong knowledge of delegated authority management and relevant systems.

Conoscenze

Delegated authority management

Due diligence

Audit

Regulatory requirements

Strumenti

Atlas

DCOM

Descrizione del lavoro

Responsibilities

The Senior 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.
• Supporting the development of more junior members of the team, and deputising for more senior members of the team where requested.

Facilitation of the underwriter EPI review process

Qualifications

• Strong knowledge 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.