Delegated Authority Scheme Expert
4 weeks ago
We are seeking an experienced Delegated Authority Scheme Expert to join Finitas' underwriting team in the City of London.
The estimated salary for this role is £65,000 - £85,000 per annum, depending on experience.
Job Overview:
Finitas is a reputable insurance firm in the City of London, and we are looking for a skilled individual to take ownership of delegated authority schemes. As a key member of our underwriting team, you will be responsible for managing a designated panel of brokers and collaborating with internal and external stakeholders to drive the profitable growth of delegated authority schemes.
Job Description:
As a Delegated Authority Scheme Expert, you will:
- Manage a designated panel of brokers to generate profitable business.
- Collaborate with Underwriting and Operations teams to review scheme performance and identify growth opportunities.
- Analyse underperforming accounts and work with Senior Underwriters to implement improvement actions.
- Participate in departmental KPIs and budget planning to ensure alignment with strategic goals.
- Ensure timely and accurate account servicing and support credit control processes.
- Support junior team members by acting as a technical referral point and contributing to their development.
- Perform regular analysis of accounts and prepare reports for internal meetings.
- Attend binder renewal meetings and present renewal proposals to the Underwriting Committee.
- Assist in annual cover holder audits and provide audit reports.
- Provide insights on competitors, market conditions, and product improvements to senior management.
About You:
- 5+ years of experience managing delegated authority accounts, ideally from an insurance carrier or MGA.
- Proven relationship management skills with excellent communication and negotiation abilities.
- Strong organisational and time management skills to meet deadlines.
- Knowledge of the UK insurance market, including regulatory requirements and underwriting practices.
- Analytical skills with the ability to write reports and proficiency in MS Office, particularly Excel and Word.
- Ability to work independently and as part of a team to meet business objectives.
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