Delegated Authority Technician
  • England,London
  • full-time
  • £40,000 - £48,000 per annum
Job Description:
We are pleased to be partnering with a key insurance client of ours on an exclusive basis, to help reinforce their Delegated Authority team during a period of continued growth. An important part of the jigsaw puzzle is the appointment of a Delegated Authority Technician.
This will interest someone with proven insurance experience, in a similar Delegated Authority Analyst/Technician position seeking a fresh challenge, or someone perhaps currently working in internal audit, risk, compliance, underwriting or actuarial ready for a new and interesting challenge.
Remuneration & Benefits:
Salary up to £48,000 dependent on experience.
Pension. Day One - Auto Enrolment - Employee 5%, Employer 10%
25 days holiday (+ bank holidays increasing after 3 yrs service)
Post probation:
Medical Cover - Benefit in Kind
Leisure Allowance - £1000
Group Income Protection/EAP
Group Life Insurance
Job Description
*Assistance in Binder creation and review processes.
*Accountable for due diligence in regard to contract checks and Coverholders pre and post bind approval processes to ensure compliance with the firms requirements and standards.
*Control new product and facility onboarding process.
*Review and create monthly conduct risk management information
*Review and create the firms fair value assessment program.
*Work closely with underwriters and provide guidance to enable the correct management and monitoring of binding authorities
*Review the springboarding process for policy wordings and documentation
*Ensure bordereaux reviews are used as an effective tool in management of accounts.
*Understand and meet all legal, regulatory and compliance requirements within your area of responsibility
*Comply with agreed client service levels including timely and accurate response to client queries and referrals and investigation and resolution of complaints and service failures
*Maintain knowledge of wider business practices and issues in other teams to facilitate a holistic approach to delegated underwriting management.
*Assist in the set up and development of new facilities and systems where required from first contact to implementation.
*Analyse new submissions for extensions to existing facilities and systems and manage external and internal processes from first contact to implementation.
*Work cross functionally with Compliance, Claims, Finance and Actuarial Teams.
*Conduct monthly review of contract data and underwriting results preparing reports for head(s) of Underwriting.
*Any other tasks delegated by Head of DA and Technical Oversight/ Executive Committee.
Conduct Requirements:
*You must act with integrity.
*You must act with due care, skill and diligence.
*You must be open and cooperative with the FCA and other regulators.
*You must pay due regard to the interests of customers and treat them fairly.
*You must observe proper standards of market conduct.
Skills & Competencies:
*Team player - Demonstrates flexibility and empathy and takes responsibility as required
*Delivering Results - Demonstrates commitment to the identified results, meets deadlines, is motivated and has a "can do" approach
*Regulatory & Compliance - Demonstrates an awareness of the regulatory environment and implements regulatory and compliance requirements as appropriate
*Proactivity & Initiative - Uses initiative, shares ideas and suggests improvements, constructively challenges the status quo
*Transparency - Operates in a fair, open manner, surfaces issues in a timely way
*Accuracy - Demonstrates diligence and attention to detail to ensure thoroughness and accuracy in tasks
*Company & Industry Awareness - Understanding and knowledge of the business and the market; awareness of financial issues and business priorities
*Interpersonal & Communication Skills - Builds effective relationships with stakeholders and communicates in a clear way. Listens and adapts style to particular situations, sensitive to individuals and circumstances
*Planning & Organising - Organises time and prioritises effectively to deliver within expected timeframes
*Customer Focus - Maintains professionalism, fair treatment and effective relationship management. Responds in a timely way demonstrating respect, tact and diplomacy
*Decision Making - Looks to solve problems in a constructive way, makes timely decisions, and develops results-focused action plans
Job number 1679153
metapel
Company Details:
Birchlake Recruitment Ltd
Company size: 1–4 employees
Industry: Recruitment Consultancy
Birchalke is a dedicated Risk and Regulation recruitment partner, providing contract, fixed-term and permanent solutions throughout the UK. Our primar...
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