Delegated Underwriting Technician - City of London, United Kingdom - W R Berkley

W R Berkley
W R Berkley
Verified Company
City of London, United Kingdom

2 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

Responsibilities

  • Manage the underwriting risk of the portfolio in conjunction with the underwriters, including Line Slip due diligence and new business development specific to Coverholders;
  • Develop streamlined approval and review processes for new, cancelled and renewing binders;
  • Ensure that at all times the best interests of our customers is at the forefront of our work and that all conduct aspects of Binding Authorities are brought to the attention of the Product Oversight Group.
  • Be a point of contact for the Syndicate, Lloyd's and the wider business community for delegated underwriting matters across all classes.
  • To provide the syndicate underwriting teams and wider business community with guidance and advice supporting the management and set up of delegated underwriting arrangements for all lines of business.
  • Provide guidance and support for binding authority/coverholder appointment wording issues, working with the Senior Wordings and Technical Counsel as necessary
  • Manage and coordinate onboarding new coverholders, liaising as necessary with other business functions on relevant matters.
  • Through efficient and effective due diligence ensure that all Coverholders are approved in line with WRBSML and Lloyd's Minimum Standards.
  • Ensure the Delegated Underwriting team meet established KPI's and performance is appropriately monitored.
  • Coordination of the monthly committee papers and reports.
  • Assist with the audit process including appointment, scoping, scheduling and ensuring remediation points are actioned.
  • Liasion with Lloyd's and regulators to keep informed of regulatory updates and other Delegated Underwriting related activities.
  • Responsible for ensuring all data and administrative tasks are kept up to date through internal and external delegated underwriting systems.

Experience Required

  • Ability to communicate and explain complex issues clearly and succinctly.
  • Ability to build trust and effectively network both internally and externally.
  • Professional and approachable with a "cando" attitude to successfully interact with senior management/colleagues/external suppliers.
  • Good presentation skills.
  • Ability to manage time, manage projects, meet deadlines and prioritise effectively.
  • Ability to influence stakeholders both internal and external.
  • Practical knowledge and experience of working with DUAs either from an underwriting or compliance perspective.
  • Working knowledge of Lloyd's Principles for Doing Business and the DUA Code of practice.
  • Understanding of Atlas & DCOM.
  • Awareness of Conduct risk and the extent to which this will impact DUA arrangements
More jobs from W R Berkley
See all jobs of W R Berkley