Delegated Authority Solutions Specialist
2 weeks ago
Aon is seeking a skilled Delegated Authority Solutions Specialist to join our team. As a key member of our Delegated Authority Solutions team, you will be responsible for maintaining and crafting solutions for complex placements and drafting outstanding Agreements, working with Lloyd's, the LMA and carriers' Delegated Authority Teams.
Key Responsibilities
- Owning the Contract renewals for specific Structured Portfolio Solution (SPS) agreements within AUM, working with the Delegated Authority Business Partners to ensure that progress is communicated to key stakeholders.
- Establish position 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.
- Accurate drafting of Delegated Authority Agreements and endorsements as required.
- Assisting in the drafting and analysis of Aon Delegated Authority Agreement templates.
- Liaising 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.
- Support Underwriting teams in articulating performance of SPSs to carriers, by holding quarterly review calls across all SPSs.
- Assist 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.
- Supporting SPS product owners in meeting our contractual requirements and escalating where risks and issues as they occur.
- Ensure that appropriate governance is in place across SPSs and agreed processes are followed.
- Support 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.
What We Offer
Aon is a global professional services firm that provides a range of services including actuarial, consulting, and reinsurance broking. We are committed to helping our clients make better decisions to protect and enrich the lives of people around the world. As a member of our team, you will have the opportunity to work with a diverse range of clients and colleagues, and to develop your skills and expertise in a dynamic and supportive environment.
Requirements
To be successful in this role, you will need to have a sound understanding of Delegated Authority, Binding Authorities and Agreements and core insurance processes. You will also need to have a broad understanding of the Lloyd's and London Market Insurance, as well as technical insurance knowledge around the management and placement of delegated business. Additionally, you will need to have expertise to provide solutions to complex requirements, and an understanding of compliance and FCA regulation.
How to Apply
If you are a motivated and experienced professional looking for a new challenge, please submit your application. We look forward to hearing from you.
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