Senior Delegated Underwriting Authority Specialist

7 days ago


City Of London, United Kingdom White Bear Full time
Job Overview

At White Bear, we are seeking a highly skilled Senior Delegated Underwriting Authority Specialist to join our team.

We offer a competitive salary of $80,000 - $110,000 per year, depending on experience and qualifications.

Key Responsibilities

The successful candidate will be responsible for supporting the management and monitoring of the Delegated Underwriting Authority (DUA) portfolio, ensuring compliance with regulatory requirements.

This includes:

  1. Carrying out due diligence on delegated authority contracts to ensure they meet risk appetite standards and regulatory requirements.
  2. Contributing to the review of Binding Authority contracts on behalf of White Bear's Lloyd's Coverholder.
  3. Supporting the DUA Manager in the effective due diligence and management of all aspects of new coverholder applications to Lloyd's.
  4. Managing bordereaux processing to facilitate timely and accurate reporting.
  5. Assisting in the management of coverholder audits, including scheduling annual audits and processing audit reports.
Requirements

To succeed in this role, you will need:

  1. A strong understanding of Lloyd's coverholder relationships and associated processes and regulations.
  2. Experience working with DA systems, including Atlas, DCOM, DAM, and Wordings Repository.
  3. Excellent communication and technical skills, with the ability to engage with internal and external stakeholders.
  4. Good knowledge of Coverholder and Bordereaux systems.
About Us

White Bear is a leading company in the industry, and we offer a dynamic and supportive work environment. If you are a motivated and experienced professional looking for a new challenge, we encourage you to apply.



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