Delegated Underwriting Analyst/Tech/Audit 1 year mat cover
A City based Lloyd's Syndicate seeks a person with either Delegated Authority or Insurance Audit experience, 3–5 years previous delegated authority experience or 2–3 years internal insurance audit experience, with familiarity of the Lloyd's regulations and processes, and experience of using Lloyd's systems for a new 12 month maternity cover role.
To maintain the Syndicate's coverholder audit plan working in a team of 4 alongside the Delegated Underwriting Manager, a Delegated Underwriting Analyst and a Delegated Underwriting Data Analyst.
Organise Lloyd's joint and singleton coverholder audits and manage the audit process;Review audit reports proposing remedial action to the recommendations and following up with coverholders;
Refer omissions and breaches to the Delegated Underwriting Manager for actionLiaise with all stakeholders in the auditing process, such as Lloyd's, auditors, underwriters, claims team, coverholders and brokers;
Maintain all data pertaining to coverholder audits;Report on progress with the audit plan;Assist with the development of data and management tools; Liaise with Lloyd's and other regulatory bodies for information and guidance on best practice. Support the activities of the Delegated Underwriting team with regards to conduct risk, including preparing conduct questionnaires and attending the Syndicate's product oversight group.
Support the Delegated Underwriting team with on–going coverholder work in specific classes of business, e.g. due diligence, pre–bind quality assurance, bordereaux management where required