Onboarding Contract Manager

An exciting opportunity to join a leading, independent Lloyds accredited Broker providing a broad range of wholesale (re)insurance solutions to clients across the globe as well as a thriving UK retail arm.

The Principal Contract Manager is a newly created role within the Broking Operations team. This will be a key position responsible for effective and compliant onboarding processes pertaining to agreements entered with regulated entities. As this is a new function there will be scope to develop and evolve the role and responsibilities over time.

Overview

• The onboarding and contract management of Group agreements entered with regulated entities (for example Introducer, IAR, AR, TOBAs, profit share and service agreements).
• Involvement with onboarding due diligence and on an ongoing basis.
• The administration of the agreements.
• Build and maintain a suitable database for the retention of such agreements.
• Engagements with other individuals within the Operations team involved in the onboarding of new counterparties, Compliance, Risk and Legal as appropriate.
• Supporting brokers to "select" the appropriate legal templates to document their arrangements. This may involve providing training alongside Legal.
• Acting as an internal point of contact for queries regarding these agreements.
• Support Senior stakeholder queries, including Board Members and Committee Members as required.
• Being the first point of contact for Brokers with responsibility for these agreements to ensure that changes are made to keep them up to date
• Working within any agreed SLAs to ensure maintenance of agreements and stakeholder management.
• Proactively engaging with Legal where issues with templates are flagged and when counterparties revert with queries or proposed amendments.
• Work as part of the core client money team to maintain controls and standards in accordance with the client money requirements.

Skills, Knowledge, Expertise

• Experience within a general insurance business environment, ideally Lloyds market.
• Experience in the oversight of regulated contracts and agreements with external third parties.
• Knowledge of TP onboarding processes.
• Understanding of legal principles and TP contract structures.
• Familiarity with FCA, Lloyds, PRA regulatory frameworks.
• Highly motivated individual, with the ability to work independently and effectively under tight time constraints.
• Excellent inter-personal, communication and influencing skills
• Ability to lead and influence through education to deliver cultural change.

What is on offer

• Salary to £60,000, dependent on the level and relevance of expertise
• Excellent benefits and annual bonus target
• Hybrid Working Flexibility - City of London & Home split.
• Become a key person within an award-winning global business
• Can create and develop your own role.

REF: 9663

Interested? Please apply today and we will contact you by return.

MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector.

MW Appointments is acting as an Employment Agency in relation to this vacancy.