Senior Delegated Authority Analyst

2 days ago

London, United Kingdom Morson Edge Full time

Senior Delegated Authority Analyst - £65 - £75k 3 days in the office, based in the City, London. Based in London reporting to the Head of Delegated Underwriting Authority, this role will be responsible for working to support continued compliance with the Company’s guidelines and standards set out within the Delegated Authority Framework along with Lloyd’s “Code of Practice. The role: Lead the Delegated Underwriting Authority Audit function to ensure the client has an audit strategy that includes delegated underwriting technical reviews and operational audits of third parties that support the delegated underwriting process. Maintain approved auditor audit panel ensuring all TOBA’s are agreed and up to date. Maintain the Delegated Authority audit and review schedules ensuring participation in Lloyd’s co-ordinated audit activities. Maintain audit and review recommendations and follow up on remediation actions as required to ensure compliance with recommendations. Manage exceptions and report to Head of Delegated Underwriting Authority where appropriate. Experience: At least 3-5 years of audit experience within an insurance and/or reinsurance organization or public accounting firm. A strong desire to add value and succeed as a member of the DUA team and the ability to assume increased responsibilities within a dynamic and growing organisation. Excellent interpersonal & communication skills with the ability to function in a team environment. In depth understanding of Lloyd's Delegated Underwriting Audit process. In depth knowledge of Lloyd’s structure and policies in delegated underwriting. Understanding of Conduct Risk regulations and their application to the product review process.

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