Delegated Underwriting Technician

HFG are working with a leading Lloyd's Syndicate in their search for a Delegated Underwriting Technician.

Main Responsibilities:

- Pre & post contract checks for lead coverholders, binders, master policies and consortium (and lineslips where required) to ensure in line with Delegated Underwriting policy.
- Oversee ongoing due diligence of coverholders, brokers - including chasing brokers, Coverholders and relevant TOBA`s.
- Support the management team in undertaking new coverholder approvals, and applications to Lloyd`s where appropriate. 
- Conduct Risk Coverholder Segmentation reviews.
- Draft direct dealing contracts & any endorsements as and when required/requested. 
- Interaction with Atlas and BAR.
- Peer Review of contract checks as appropriate.
- Responding to Xchanging queries on direct business.
- Liaise with outsource partners and undertake sample peer review when required/requested.
- Provide assistance to underwriters as required in relation to other aspects of delegated underwriting including technical advice, coverholder approval and binding authority audit reviews.
- Scoping and review of audits for existing coverholders under the oversight of the DUA Audit Analyst. 
- Organise the workflow management system and allocate it to the appropriate technician. 
- Take ownership of the MI reporting process for DUM, working closely with the other technicians and Audit Analysts to run MI reports and assist with analysis.
- Provide commentary for internal committee reporting packs, regular regulatory reporting and ad-hoc MI requests from the business. 
- Ownership of the collation of the Coverholder Committee pack and administrative activities associated with this committee.

 

Skills and Experience:

- Experience of delegated authority practices, preferably at Lloyd's
- General insurance knowledge
- Experience of drafting and checking binding authority contracts
- LLMIT pass as minimum or part qualified CII (minimum Certificate level) an advantage 
- Numerate and IT literate (preferably experience in Atlas, BAR and BDX)
- Strong knowledge of MS Excel is essential for this role.

If you feel you meet the above criteria, please apply now.