Delegated Authority Analyst

at  Ascot Group

OTHER:

Assist Head of DA with DA Management internal strategy and projects
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- Where required work with Ascot’s Change Management team on all relevant Delegated Underwriting projects, so that appropriate deadlines are met

JOB PURPOSE:

To be a member of the DA Management team and provide quality assurance, due diligence, and administration support on all forms of delegated underwriting business at Ascot.
All other responsibilities as set out below.

DETAILED DUTIES:

Ensure the underwriting and issuance of all forms of delegated underwriting business is carried out in accordance with Ascot delegated underwriting and conduct protocols, to include:
Assisting Senior DA Analysts with the completion of Lloyd’s pre-bind quality assurance and general contract reviews in line with expected turnaround times, to include Lineslips, Binding Authorities, and Consortia using the DA Workflow System.
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Assisting Senior DA Analysts with the completion of DCA delegated underwriting and conduct due diligence approvals using the DA workflow system.
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Assisting Senior DA Analysts with the review of other forms of Delegated Authority such as Master Policies and non-Lloyd’s binders.
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Responsible for ensuring the Delegated Authority Teams internal Subjectivity and DCOM procedures are followed and upheld (regular chasing of subjectivities and DCOM registrations, including review and approval of DCOM registrations in line with DA procedures
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Maintain and update coverholder information from Lloyd’s Atlas and DCOM systems.
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Liaising with DXC (Xchanging) to handle Ascot’s Service Company / Direct Deal renewal process, including quality assurance, LPANS and submissions and queries to Xchanging.
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Monitoring the DA workflow system, including regular updates to all workflows via IT
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Attendance at team and market meetings
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Assisting the Conduct Risk Manager with maintaining oversight and ongoing monitoring of customer standards policies and procedures for all Coverholders and DCAs in line with regulatory expectation.
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Assist the Conduct Risk Manager in the dissemination of conduct communications to coverholders and DCAs.
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Completion of monthly ELTO returns for DA business. Responsible for ensuring Ascot’s ELD is kept up to date and accurate in accordance with regulatory requirements. To include, following up with all relevant coverholders on ELTO exposed risks.
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Comply with appropriate Ascot / Regulatory procedures and regulations
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