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Senior DUA Analyst

Employer
HFG
Location
England, City of London, London
Salary
Negotiable
Closing date
1 Nov 2024
Reference
SDUA001
View more categoriesView less categories
Sector
General insurance
Contract Type
Permanent
Hours
Full Time

Job Details

New Vacancy - Senior DUA Analyst
Lloyd's Syndicate
City of London

I am currently recruiting for a leading Lloyd's Syndicate who are seeking a Senior DUA Analyst to join their growing team.

My client is looking for someone experienced in the DA space that is competent using the relevant Lloyd's systems; Atlas, DCOM & DAM. This will be working closely with the DUA Manager supporting, managing and monitoring the DUA portfolio. You will also be contributing to the set up and ongoing operation of all DUAs and their compliance with relevant regulatory requirements.

Key Responsibilities

  • Ensure that contracts delegated under authority (such as Binding Authorities) comply with risk appetite standards and regulatory requirements through thorough due diligence.
  • Review Binding Authority contracts for the Lloyd's Coverholder and communicate with brokers as needed.
  • Assist the DUA Manager in conducting due diligence for new coverholder applications to Lloyd's.
  • Aid in managing bordereaux processing to ensure accurate and timely reporting.
  • Support coverholder audits by scheduling annual audits, processing reports, and implementing audit recommendations.
  • Collaborate with internal teams to address day-to-day inquiries.
  • Gather relevant data for internal meetings and regulatory reporting.
  • Contribute to the review of Delegated Authority processes and controls to ensure they are up-to-date and effective.
  • Assist in evaluating and documenting compliance with Lloyd's Principles.

Company

HFG is an award winning international recruitment consulting firm that provides specialist professionals to leading General Insurance, Life, Reinsurance, Pensions and Management Consultancy firms. 

Since our formation in 2002 we have sought to provide a market leading recruitment service which challenges the gap between large agencies broad capabilities, and executive search companies’ levels of service.

Regarded by our clients and candidates as industry experts, we deliver solutions to the global insurance marketplace where we specialise in actuarial recruitment.

Led by a number of ex-industry professionals, our consultants have shown a long-term commitment to their defined markets. 

The provision of considered advice based on deep market knowledge is central to our business model. 

You will regularly find HFG at industry events and conferences including GIRO, Life, Momentum, Health, Care & Protection and Joint Risk, Investment & Pensions.

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