Delegated Authority Analyst

Posted Yesterday by Aon
Competitive salary
Chelmsford , Essex
Permanent, full-time
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Posted by Aon
Delegated Authority Analyst   Doyouhave Delegated Authority and Binding Authorities/Agreements experience?   Doyouhave a broadunderstandingoftheLloyd’sandLondon insurance markets?   This is a hybrid role with the flexibility to work both virtually and from our Chelmsford, London or Redhill office   Aon is in the business of better decisions   At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive,diverseteam,andweare passionate about helping our colleagues and clients succeed.   What the day will look like
  • Owningthe Contract renewals for specific StructuredPortfolioSolution (SPS) agreements within AUM, working with theDelegatedAuthority Business Partners toensurethatprogress is communicated to key stakeholders.
  • Establish position as the SPS liaison point for brokers and other key stakeholders for specific SPSs.
  • Supporting discussions with DelegatedAuthorityteams in our capacity providers to ensure they are kept up to date with plans and changes in advance of renewals or during negotiation of changes and to understand their needs.
  • Accurate drafting ofDelegatedAuthority Agreements and endorsements as required.
  • Assisting in the drafting and analysis of Aon Delegated Authority Agreement templates.
  • Liaising with all internal stakeholders who are accountable for servicing the SPS and meetingourcontractualrequirements (underwriters, fiduciary functions, claims, brokers, reporting team etc.) toensurethat the appropriate steps are being followed toensurethat all new and development SPS opportunities can be measured, assessed, and supported.
  • Support Underwriting teams in articulating performance of SPSs to carriers, by holding quarterly review calls across all SPSs.
  • Assist with the analysis of the portfolio to gain insight into existing SPSs with Underwriting managers, drawing conclusions and findings to be presented to drive growth.
  • Supporting SPS product owners in meetingourcontractualrequirements and escalating where risks and issues as they occur.
  • Ensure that appropriate governance is in place across SPSs and agreed processes are followed.
  • Support Aon Underwriting Managers Leadership’s objectives including implementation of processimprovements, IT systems and other projects that improve client delivery and reduce operational costs including the increased use of automation, systems integration and e-commerce.
How this opportunity is different   TheDelegatedAuthority Solutions team focus on maintaining and crafting solutions for complex placements and drafting outstanding Agreements, working with Lloyd's, the LMA and carriers’ DelegatedAuthorityTeams. This could be through the development of an existing product to a greater level of authority (e.g. converting a Lineslip into a Binding Authority) or identifying an area of a portfolio that could benefit from the efficiencies that a StructuredPortfolioSolution can offer. We are a hub with specific technical and binding authority expertise, enabling growth in Aon’s cover holder network through insight driven risk transfer advice and market solutions.   Skills and experience that will lead to success
  • A soundunderstandingofDelegatedAuthority, Binding Authorities and Agreements and coreinsurance processes.
  • BroadunderstandingoftheLloyd’sandLondon Market Insurance.
  • Soundunderstandingof London insurance market dynamics and core processes.
  • Technical insurance knowledge around the management and placement of delegated business.
  • Expertise to provide solutions to complex requirements.
  • Understanding of compliance and FCA regulation.
How we support our colleaguesIn addition to our comprehensive benefits pa

Reference: 52491936

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