Insurance Authority Management Specialist

1 week ago


London, Greater London, United Kingdom Munich Re Full time
About the Job

We are looking for an experienced Insurance Authority Management Specialist to join our team in the UK. As a key member of the Delegated Authority (DA) Business Management team, you will be responsible for promoting and strengthening Great Lakes' reputation as a skilled partner in the insurance industry.

The successful candidate will have strong report writing skills, a background in governance or oversight roles, and familiarity with regulatory frameworks. You will also possess excellent communication skills, both written and verbal, and be able to manage multiple tasks and meet strict deadlines.

As an Insurance Authority Management Specialist, you will be responsible for assessing and managing risk through overseeing, steering, and monitoring our delegated authority business. This will involve forging strong relationships with outsourcing partners and internal stakeholders at all levels of the organisation to ensure that our partners are operating in conjunction with internal guidelines, regulatory requirements, and the binding authority contract.

Responsibilities
  1. Support the DA Business Management team in the onboarding of new agents, ensuring processes align with internal guidelines.
  2. Monitor performance data and Key Risk Indicators (KRIs) of agents, reporting any issues or delays to the Head of DA Business Management UK.
  3. Implement audit recommendations, track responses, and escalate potential delays to the DA Business Manager to ensure timely resolution of findings.
  4. Contribute to due diligence and onboarding processes to evaluate the suitability of potential new business and business partners, maintaining accurate records and flagging any concerns.
What We Offer

We offer a competitive salary package, including an estimated £55,000 - £75,000 per annum, on target bonus, 25 days annual leave, private medical insurance, and employers' contributory pension of 10%. We are committed to providing a supportive and collaborative work environment, and opportunities for professional growth and development.



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