- Assist in the review and approval of new and renewing delegated business.
- Post-approval requirements such as sourcing signed slips and chasing overdue actions.
- Provide clear and concise minutes taken at the Delegated Authority Working Group.
- Review and approval of DCOM registrations for our lead business.
- 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 member of the Delegated Authority Working 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 co-ordinate 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.
- Support the other members of the team during busy underwriting periods/key project deliverables as 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 "can-do" attitude to successfully interact with senior management/colleagues/external suppliers.
- Ability to work independently as well as in a team.
- Good presentation skills.
- Ability to manage time, manage projects, meet deadlines and prioritise effectively.
- Ability to influence stakeholders both internal and external.
- Good working knowledge of the Microsoft Office suite.
- Awareness of Lloyd's systems; DCOM, Atlas, DAM, Crystal and Risk Locator.
- Practical knowledge and experience of the Insurance Industry, preferably within the DUA area.
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Delegated Underwriting Technician - London, United Kingdom - Berkley
Description
Responsibilities
A new opportunity has just become available, and we are looking for a Delegated Underwriting Technician to join our fantastic team in London.
Role and Responsibilities
Provide support to the Delegated Underwriting Manager and Executive in the management of the underwriting risk of the portfolio.
Shared Responsibilties
Qualifications
Knowledge. Skills and Experience
Benefits of working with us
You will receive a receive a competitive salary and comprehensive reward package.
Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures.
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