We are working on behalf of a well established insurer who have a footprint across Europe. As part of a newly created team, they are looking to appoint a Delegated Authority Auditor responsible for undertaking audits throughout the UK and Ireland. 

About the role

They are seeking a motivated and detail-oriented Delegated Authority Auditor to join a small, close knit Delegated Authority Audit team.

This is a fantastic opportunity to get involved in the development of a high-quality delegated audit framework and make a meaningful impact in ensuring compliance and good governance across their network of coverholders and third-party administrators.

What your day will look like:

As a Delegated Authority Auditor you will be responsible for planning, conducting, and reporting on audits of delegated authority arrangements, ensuring adherence with contractual terms, regulatory requirements and company standards, supporting a robust governance and oversight culture.

Key tasks include:

• Planning and preparation of audit fieldwork, including drafting audit scopes.
• Conducting end-to-end audits of coverholders and third-party administrator’s operations and governance functions.
• Completing sales, underwriting, claims and complaints file reviews including call listening to assess customer journey and outcomes.
• Evaluating governance, controls, adherence to contractual agreements, and regulatory requirements.
• Ensuring audits are managed and conducted in a competent, thorough and professional manner.
• Producing clear, concise and timely audit reports, including risk ratings and communication of practical remediation actions.
• Escalating material risks or breaches to senior management and relevant stakeholders in a timely manner.
• Developing strong working relationships with internal stakeholders and external partners.
• Supporting internal stakeholders and external partners on best practices and continuous improvement opportunities.
• Maintaining a rolling audit schedule based on risk appetite, partner performance, and audit history.
• Reporting into partner performance reviews and governance forums with audit insights.
• Tracking and reporting upon the implementation of audit requirements to ensure timely resolution of identified issues.
• Maintaining the audit finding tracking system to ensure monitoring and insights into trends, risks and overall audit findings.
• Remaining up to date with regulatory requirements and emerging topics.

Experience and Person Specification:

• Background within the insurance industry.
• 3+ years of experience working within delegated authority, audit, governance oversight, compliance monitoring, quality assurance or a related field.
• Understanding of coverholder and third-party administrator oversight and control requirements.
• Working knowledge of UK and EU regulatory requirements.
• Strong written and verbal communication skills.
• Well-organised with good attention to detail.
• Ability to travel for audits within the UK and Ireland.
• Professional qualifications such as CII are desirable.

What you’ll receive from us:

• A chance to grow within a newly established and high-impact team.
• Supportive environment focused on learning and development.
• Exposure to a broad range of delegated audit activities and stakeholders.
• Competitive salary in the region of £60,000
• Benefits that include;

- Auto-enrolment pension (5% employee / 10% employer)

- £1,000 leisure allowance

- Group Life Insurance

- Group Income Protection/EAP