Coverholder Oversight Assistant - London, United Kingdom - Bell&Clements

Bell&Clements

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Coverholder Oversight Assistant (M/F/d)
Location
London, United Kingdom

Introduction

Bell & Clements is a specialist insurance company offering expertise in underwriting, broking and capacity management provisions for Excess and Surplus (E&S) lines insurance solutions.

The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd's, US and international markets.

Bell & Clements has been part of the Munich Re Group since 2007 and is a registered Lloyd's broker.

There are over 150 staff based across the London headquarters and two U.S offices in Virginia and New Jersey with close collaboration throughout.

Why join us?
We are a responsible employer, a value-adding partner, and a thoughtful name in the insurance market. Building on a industry background over 35 years, we have developed and grown a unique and market-leading brand.

As a wholly owned subsidiary of Munich Re, we have access to the expertise, products and risk appetite of one of the largest insurance groups in the world.

Our business is continuing to grow, and an important commitment is to not only expand our team through recruiting new roles but also through development opportunities to ensure we are always supporting our experienced experts in their career journey.

Our talent pool makes us who we are, and our inclusive culture means we are looking to build our team with broad expertise and diverse backgrounds of employees.

Being part of Bell & Clements provides access to multiple health and wellbeing benefits, work and life balance programmes (including hybrid working), financial wellbeing packages and training, development and career opportunities.

Overview

Working as part of the Coverholder Oversight team, the purpose of this position is to provide support to the departments within B&C around delegated authority matters and to help manage Bell & Clements' ("B&C") relationships with its Coverholders.

To ensure compliance with B&C's obligations as set out in its own Delegated Underwriting Authority Agreements and to help ensure all B&C coverholders follow annual compliance/attestation requirements and satisfy audit recommendations.

You will report into the Coverholder Oversight Manager.

Your job

Responsibilities

To support the preparation and delivery of regular reports to different B&C boards and committees to include reporting delays, audit reports and findings.
Help with the initial collection and collation of due diligence information for prospective new Coverholders.
In the case of prospective Coverholders that B&C subdelegate to review due diligence information obtained, identify shortfalls in information provided and communicate with the prospective Coverholder for full and satisfactory information to support the approval process.
To help complete postapproval changes in Atlas, including new classes of business, Atlas relationships, key staff, ownership/name changes.
Due diligence checks before a delegated authority renewal, ensuring the annual compliance is not due, E&O/PI, financials and licences are current, and that there are no outstanding audit recommendations.
Collaborate with Coverholders to maintain the necessary compliance information to ensure B&C remains compliant with its own obligations under its delegated authority agreements with insurers and multiple regulatory bodies.
Help with the oversight of existing Coverholders to ensure they remain compliant with insurer requirements for approval, including assisting in the completion of annual compliance tasks and obtaining annual attestations from Coverholders as they fall due with Lloyd's, GLISE or other insurers.
To abide by the procedures of Bell & Clements Ltd.
To assist in the scheduling and management of external audits of B&C's subdelegated Coverholders and TPAs.

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