Delegated Underwriting Technician

3 days left

Location
London
Salary
£30000 - £35000 per annum
Posted
22 May 2019
Closes
21 Jun 2019
Ref
DUA
Contact
Rhys Cousins
Job Function
Operations
Contract Type
Permanent
HFG are working with a leading Lloyd's Syndicate in their search for a Delegated Underwriting Technician.

Main Responsibilities:
  • Pre & post contract checks for lead coverholders, binders, master policies and consortium (and lineslips where required) to ensure in line with Delegated Underwriting policy.
  • Oversee ongoing due diligence of coverholders, brokers – including chasing brokers, Coverholders and relevant TOBA’s.
  • Support the management team in undertaking new coverholder approvals, and applications to Lloyd’s where appropriate. 
  • Conduct Risk Coverholder Segmentation reviews.
  • Draft direct dealing contracts & any endorsements as and when required/requested. 
  • Interaction with Atlas and BAR.
  • Peer Review of contract checks as appropriate.
  • Responding to Xchanging queries on direct business.
  • Liaise with outsource partners and undertake sample peer review when required/requested.
  • Provide assistance to underwriters as required in relation to other aspects of delegated underwriting including technical advice, coverholder approval and binding authority audit reviews.
  • Scoping and review of audits for existing coverholders under the oversight of the DUA Audit Analyst. 
  • Organise the workflow management system and allocate it to the appropriate technician. 
  • Take ownership of the MI reporting process for DUM, working closely with the other technicians and Audit Analysts to run MI reports and assist with analysis.
  • Provide commentary for internal committee reporting packs, regular regulatory reporting and ad-hoc MI requests from the business. 
  • Ownership of the collation of the Coverholder Committee pack and administrative activities associated with this committee.
 

Skills and Experience:
  • Experience of delegated authority practices, preferably at Lloyd's
  • General insurance knowledge
  • Experience of drafting and checking binding authority contracts
  • LLMIT pass as minimum or part qualified CII (minimum Certificate level) an advantage 
  • Numerate and IT literate (preferably experience in Atlas, BAR and BDX)
  • Strong knowledge of MS Excel is essential for this role.
If you feel you meet the above criteria, please apply now. 

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