Delegated Authority Assistant

Delegated Authority Assistant
London, UK
£30,000 - £35,000pa (depending on experience)
Permanent, Full time + Hybrid working

Our client is looking for a Delegated Authority Assistant to join their team based in London. Responsible for assisting the Compliance Team in the execution of their duties, and in particular duties concerning the oversight and management of Delegated Authority. Reporting to the Delegated Authority Oversight Manager, who will be responsible for managing the job holder's day-to-day work.

Key Responsibilities

• Under the direction of the Compliance Team, maintaining an effective compliance monitoring framework focused on Delegated Authority: documentation of the framework; performance of monitoring work; reporting and escalation of findings; identification and implementation of enhancements.
• Assisting the Delegated Authority Oversight Manager with scheduling and scoping of cover holder audits. Liaising with underwriting / claims teams and external parties as required
• Working with the Delegated Authority Oversight Manager, underwriting / claims teams and brokers to address audit recommendations appropriately and within the companies' timescales, including documentation uploaded to our systems;
• Assist the Delegated Authority Oversight Manager with tasks on the Lloyd's ATLAS system (e.g. Cover holder permission updates / broker change applications).
• Administer user access and task management within the Lloyd's DCOM System; liaising with Underwriting teams and brokers where required.
• Preparation of audit-related MI for Binder Management Forum and other internal / external audiences as may be required.

Requirements

• Organizational skills and ability to operate at all times to the standards and rules of the regulatory bodies and those set out in the firm's standards documents.
• Able to understand and administer effective Delegated Authority management systems and procedures, and to interact with internal and external systems.
• Ability to prepare reports and to provide feedback as required.
• Able to understand binding authority agreements, records and documentation and to communicate with underwriting teams around audit requirements and assist with general DA queries.
• Able to maintain satisfactory relationships with regulators, colleagues and other professionals
• Ability to communicate directly and through correspondence, in a manner appropriate to the audience
• Knowledge of relevant provisions of Lloyd's Byelaws, Regulations and Codes of Conduct and all other relevant external requirements applicable to Delegated Authority business.
• Knowledge of insurance, reinsurance and reserving practice.
• Knowledge of the standards and rules set out in the firm's standards documents

In our company values we aim for equity at all stages of the recruitment process, please let us know if we can do anything to make the process more accessible to you.