Delegated Underwriting Claims Administrator

1 week ago

London, United Kingdom ASCOT GROUP Full time

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, **The Ascot Way**.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre
- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

**Job Purpose**:
To assist the Delegated Underwriting Analyst in overseeing and controlling outsourced adjusting service providers, including Coverholder and Delegated Claims Administrators (DCAs), on a day-to-day basis.

**Detailed Duties**:

- Drafting and issuing declaration documents for Delegated Claims Administrators (DCA) Agreements and Coverholder claims wordings.
- Schedule, attend and manage end to end DCA meeting process including minute taking and review.
- Assist the Delegated Underwriting (DU) Claims Analyst in reviewing DCA performance including the collation of management submissions and feedback of actions linked to performance.
- Setting up of new loss funding accounts and reviewing for post bind reports.
- Collaborate with DU claims Analyst to complete claims DA audit actions, including scheduling, scoping, report review, and recommendation issuance and closure.
- Run regular DA pre/post bind reports and complete the associated processes.
- Work to complete actions associated with any Delegated Claims projects and initiatives.
- Update and maintain DCA records.
- Work with DU Claims Analyst to deliver actions for Delegated Claims projects and initiatives, including project planning, tracking progress, resolving blockers, and project actions.
- To collaborate with the DU Claims Analyst and Delegated Authorities Data Manager in relation to all claim’s bordereaux processes.
- Ensure adherence to Lloyd’s DA Claims Principles and update processes and internal procedures as required in line with the Delegated Underwriting Process and controls frameworks.Complete actions and ad-hoc claims projects for the Chief Claims Officer, UK and Head of Claims Operations.
- #LI-Hybrid_

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