Senior Delegated Authority Analyst

at  Tokio Marine HCC

London EC3N, England, United Kingdom -

Start DateExpiry DateSalaryPosted OnExperienceSkillsTelecommuteSponsor Visa
Immediate27 Jun, 2024Not Specified28 Mar, 2024N/AGood communication skillsNoNo
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Description:

Job Title: Senior Delegated Authority Analyst
Reporting to: Delegated Authority Manager
Position Type: Permanent, 35 hours per week

WHAT WE OFFER

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.
The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.

LI-BU1 #LI-Hybrid

Responsibilities:

Assisting the Delegated Authority Manager and other team members with ensuring compliance with TMHCC International’s Delegated Authority Framework for all applicable arrangements falling within the Specialty Division.

Key Responsibilities:

  • To act as a focal point for all matters relating to use of delegated underwriting for TMHCC International. This will encompass performing the due diligence review for new and renewing arrangements, including liaising with key stakeholders, as well as the ongoing management of said arrangements.
  • To ensure compliance with the annual Audit Schedule. This includes scoping and arranging the audits, reviewing reports, discussing the findings with key stakeholders and following up on recommendations to ensure the timely implementation.
  • To review all new and renewing lineslips and master policies to ensure that internal standards are met.
  • To work alongside the Delegated Authority Assistant to maintain the Customer Relationship Management (‘CRM’) system, housing a central database for all third parties.
  • To assist in the continuing development of the CRM system to ensure that it remains an effective third-party oversight system. This includes carrying out testing on new developments where required and contributing towards the CRM change register.
  • To conduct quality control reviews of the other Senior Analysts within the Team to ensure internal standards are being met and identify areas of required training.
  • To learn the different divisions and classes of business across the Company as managed by other members of the Team to be able to provide cover, as required.
  • To assist the Delegated Authority Manager in ensuring that all relevant policies and procedures relating to the management of third parties are kept under regular review.
  • To assist the Delegated Authority Manager with reporting on delegated authority arrangements to internal management committees on a quarterly basis.
  • To attend market forums and meetings, where applicable, and stay up to date with the latest market correspondence, changes and practices.
  • To provide Delegated Underwriting guidance and training as necessary to others in the company on compliance with regulatory and Lloyd’s rules pertaining to the use of third parties and circulate information to key stakeholders within TMHCC International as appropriate.
  • To provide co-ordination support for internal audit reviews.
  • To complete ad hoc Compliance tasks and produce ad hoc reports as requested by the Delegated Authority Manager or Head of Delegated Authority.
  • To build and maintain a strong relationship with all business units and the Lloyd’s Delegated Authority Team. This should include setting up meetings with key stakeholders in the Delegated Authority process and attending drop-in sessions at the different TMHCC offices.


REQUIREMENT SUMMARY

Min:N/AMax:5.0 year(s)

Financial Services

Accounts / Finance / Tax / CS / Audit

Finance

Graduate

Proficient

1

London EC3N, United Kingdom