Delegated Authority Coordinator
1 day ago
About Great Lakes London Branch:
We are a specialty provider of primary insurance services in the UK, operating as part of Great Lakes Insurance SE in Munich. Our interlinked business model combines opportunities related to reinsurance core business and innovation, positioning us within the Munich Re Group.
The Job Description:
This role involves promoting and strengthening Great Lakes' reputation as a skilled partner, focusing on developing PIRI business, enhancing service quality and operational excellence. The Delegated Authority Business function serves as the first line of defense for the business, with the DA Business Manager responsible for overseeing risk management through strategic partnerships and internal stakeholder engagement.
The successful candidate will work closely with the Head of DA Business Management UK to drive business growth and improve operational efficiency.
Main Tasks:
- Develop market- or client-specific strategies for assigned agencies and/or jurisdictions in collaboration with Munich Re Business Units.
- Coordinate onboarding processes for new agents, facilitating decision-making and ensuring alignment with internal guidelines.
- Lead the business development process for new agents, maintaining consistency and compliance with internal standards.
- Oversee due diligence and quality assurance processes, ensuring they meet internal standards, regulatory requirements, and high-quality benchmarks.
- Promote best practices to enhance oversight excellence across the delegated authority business lifecycle.
- Monitor agent performance and KRIs, providing regular feedback and reporting concerns to relevant boards and committees.
Required Qualifications & Experience:
- Proven experience in delegated authority management, with in-depth knowledge of regulatory requirements, risk-based oversight, audit, and underwriting processes.
- Familiarity with regulatory frameworks.
- Understanding of Binding Authority agreements and local regulations.
- Strong project management skills, with expertise in managing the delegated authority lifecycle and leading multifunctional projects.
- Experience in primary insurance, distribution, business development, and outsourcing governance, as well as knowledge of reinsurance and the full value chain.
- Commercial focus, with strong market awareness and business acumen.
- Project management certification.
Estimated Salary: £60,000 - £75,000 per annum, depending on experience, plus 25 days annual leave and private medical insurance.
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