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 Technician/Analyst position seeking a fresh challenge, or someone perhaps in 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