Senior Delegated Authority Specialist
2 weeks ago
The Delegated Authority Solutions team at Aon is seeking an experienced professional to maintain and craft solutions for complex placements and drafting outstanding Agreements, working with Lloyd's, the LMA and carriers' Delegated Authority Teams. This role focuses on developing existing products to a greater level of authority or identifying areas of portfolios that can benefit from efficiencies offered by Structured Portfolio Solutions. The ideal candidate will have a sound understanding of Delegated Authority, Binding Authorities and Agreements, and core insurance processes.
Key Responsibilities
- Owning Contract renewals for specific Structured Portfolio Solution (SPS) agreements within AUM, working with the Delegated Authority Business Partners to ensure progress is communicated to key stakeholders.
- Establishing 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.
- Accurately drafting Delegated Authority Agreements and endorsements as required.
- Assisting in the drafting and analysis of Aon Delegated Authority Agreement templates.
- Liaising with internal stakeholders who are accountable for servicing the SPS and meeting our contractual requirements to ensure the appropriate steps are being followed to measure, assess, and support all new and development SPS opportunities.
- Supporting Underwriting teams in articulating the performance of SPSs to carriers, by holding quarterly review calls across all SPSs.
- Assisting in 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 meeting our contractual requirements and escalating where risks and issues as they occur.
- Ensuring appropriate governance is in place across SPSs and agreed processes are followed.
- 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.
Requirements and Qualifications
- 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.
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