Senior Delegated Underwriting Auditor
1 day ago
Job Overview
">The Canopius Delegated Underwriting Audit Team plays a crucial role in the Operations Department. The primary goal is to provide effective governance, frameworks, and controls for the Delegated Authority Portfolio to mitigate risks and ensure profitability.
">The Delegated Audit Team is responsible for delivering end-to-end delegated authority audits for Coverholders with underwriting and claims authority and Delegated Claims Administrators (DCA's). As a Senior Delegated Audit Analyst, you will report to the Delegated Authority Audit Manager. This role provides essential support in ensuring that all delegated activities comply with internal policies, Lloyd's regulations, and industry best practices.
">- Conduct day-to-day, annual, and ad hoc audit activities, including scheduling, scoping, and review of audit reports.
- Manage responses from underwriters, brokers, claims teams, Coverholders, and DCA's in respect of audits.
- Liaise with Lloyd's Central Audit Function regarding coordinated Coverholder and DCA audits.
- Maintain and manage the audit TOBA process for auditors.
- Review peer analysis performed by team members.
- Conduct reviews of conduct risk within the business, including binders and master policies.
- Review consortia and line slips according to the Delegated Underwriting policy.
- Evaluate conduct minimum standards through audit oversight.
- Assist in maintaining, updating, and circulating relevant Delegated Authority information from Lloyd's, FCA, LMA, or other local regulatory bodies.
- Analyze and provide commentary on audit, conduct risk, financial crime, and DAM data.
- Provide analysis and commentary for DMF, CHMC, and COG reporting packs.
- Prepare weekly, monthly, and ad hoc management information in support of senior management.
- Deputize for the Delegated Audit Manager as required.
Key Qualifications
">To be successful in this role, you will require:
">- A strong understanding of delegated authority underwriting processes and practices, preferably at Lloyd's.
- Familiarity with audit management software and Lloyd's tools such as DAM, ATLAS, and DCOM.
- Analytical skills to review audit reports and make informed judgments on follow-up referrals and actions.
Estimated Salary Range: £60,000 - £80,000 per annum depending on experience and qualifications.">
About Canopius
">We are a leading global specialty insurance company providing innovative solutions to complex risk challenges. Our culture is built on a foundation of expertise, collaboration, and customer-centricity.
">How to Apply
">If you are a motivated and experienced professional looking for a new challenge, please submit your application.
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