Technical Authority Manager
2 days ago
Role Overview
The Technical Authority Manager will collaborate closely with the placement team to oversee daily technical production and execution of Delegated Authority Agreements. Key responsibilities encompass all aspects of facilities management, from slip production and governance, regulatory requirements, Lloyd's Coverholder standards, reporting, and engagement with internal MGA clients and market peers.
Key Responsibilities:- 1. DUA Wordings:
- Draft delegated underwriting agreements (Lloyd's & company markets) and lineslips.
- Facilitate wording conversations with markets, supported by LOB specialists.
- Maintain up-to-date knowledge of Lloyd's releases and/or any wording updates.
- 2. DCOM - Lloyd's binders' platform: process contracts in system
- 3. X-Changing: support local team on getting contracts approved and properly processed in the bureau.
- 4. Coverholders' Due Diligence and Coverholder entity and branch set up (as required):
- Lloyd's annual compliance declaration.
- ATLAS: maintain supporting documents, e.g. PI policy, Business Continuity Plan, Disaster Recovery Plan, etc.
- Attend markets' requirements to operate with the MGA.
- Regulators Requirements: verify Coverholder domicile but also territories where it operates.
- 5. Licensing/Registration:
- Verify markets licensing across different territories (Crystal for Lloyd's).
- Support clients' acceptance (TWIMC letters, provide financials, rating, etc. from our markets).
- Audit Coordination either by markets or internal ones.
- Liaise with Premium advocates to ensure timely premium payments and organise chasing when necessary.
- Liaise with Claims advocates to ensure prompt claims payments.
- Prepare Statistics, KPIs, and reports.
- Offer advice to clients and colleagues on coverage scope and assist them with interpreting clauses for use in DUA agreements.
- Responsibility for working in accordance with Risk Management Framework, and compliance with policies, including participation in managing risks that may adversely affect business, interests, or reputation of Group Company.
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