Delegated Authority Solutions Expert

3 weeks ago

Chelmsford, Essex, United Kingdom Aon Full time

We are seeking a skilled Delegated Authority Solutions Expert to join our team at Aon. In this role, you will be responsible for owning contract renewals for specific Structured Portfolio Solution (SPS) agreements within AUM, working closely with Delegated Authority Business Partners to ensure progress is communicated to key stakeholders. You will also establish yourself as the SPS liaison point for brokers and other key stakeholders for specific SPSs, supporting discussions with Delegated Authority teams 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. Additionally, you will be responsible for accurate drafting of Delegated Authority Agreements and endorsements as required, and assisting in the drafting and analysis of Aon Delegated Authority Agreement templates.

You will be working closely with all internal stakeholders who are accountable for servicing the SPS and meeting our contractual requirements (underwriters, fiduciary functions, claims, brokers, reporting team etc.) to ensure that the appropriate steps are being followed to ensure that all new and development SPS opportunities can be measured, assessed, and supported. This will also involve supporting Underwriting teams in articulating performance of SPSs to carriers, by holding quarterly review calls across all SPSs, and assisting 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. Furthermore, you will be supporting SPS product owners in meeting our contractual requirements and escalating where risks and issues as they occur, and ensuring that appropriate governance is in place across SPSs and agreed processes are followed.

This role will also involve supporting Aon Underwriting Managers Leadership's objectives including implementation of process improvements, IT systems and other projects that improve client delivery and reduce operational costs including the increased use of automation, systems integration and e-commerce.

Key Skills and Experience
  • A sound understanding of Delegated Authority, Binding Authorities and Agreements and core insurance processes.
  • Broad understanding of the Lloyd's and London Market Insurance.
  • Sound understanding of 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 Colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working. Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued. Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

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