A member of the UK Operations team, reporting Delegated Underwriting Manager, you will be providing assurance to Canopius that all forms of delegated underwriting are being underwritten, registered, processed and managed in accordance with the agreed Delegated Underwriting, and other internal policies. The main purpose of the Delegated Authority Management function is to provide appropriate governance, frameworks and controls of the Delegated Authority Portfolio in order to mitigate risks.
Key Responsibilities:
Pre & post bind reviews for lead and follow binders, consortiums and line slips in line with Delegated Underwriting Management policy, regulatory requirements and best practice
Completion of Coverholder renewal due diligence approvals to ensure adherence to both Lloyd’s and Canopius standards
Utilisation of Lloyd’s registration and compliance systems, Atlas and DCOM
Ensure annual compliance administration is kept up to date on Atlas
Provide assistance to underwriting units, as required, in relation to Delegated authority business and ensuring compliance with Lloyd’s DA code of practice and principles
Identification and escalation of delegated authority breaches
Assist with the collation of statistical information as and when required
Maintaining good relationships with all internal and external stakeholders and effective communication within the team
Skills and Experience:
Experience of working within the insurance industry, preferably within the Lloyd’s market
Excellent attention to detail
Ability to work as part of a team as well as under own initiative
Strong analytical & IT skills in Microsoft Excel and other MS office systems
Good communication and interpersonal skills
Good organisational and time management skills, ability to prioritise and meet deadlines
Ability to master new concepts quickly, and take initiative with own personal development
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