Delegated Underwriting Assistant
Main purpose of job:
Assist the Delegated Underwriting team in the review and oversight of delegated authority agreements and provide managed syndicates with delegated authority related support and guidance.
Key tasks
1 Assist in the coverholder onboarding and contract review process for DUA business written by Asta’s syndicates and managed MGAs.
2 Assist the audit process, including coordination and review of coverholder audit reports
3 Maintenance of records in the delegated underwriting management system
4 Responsible for the production of reports and MI management information (MI) for internal meetings and regular syndicate meetings.
5 Administration of Atlas tasks, entry of new binders on DCOM, Delegated Audit manager (DAM) audit scoping, monitoring and providing support to syndicates on Delegated Data Manager (DDM).
6 Assist the DUA manager in the delivery of Asta’s delegated authority oversight strategy in line with the Principles for Doing Business at Lloyd’s.
Key personal skills required
1 Communication: good interpersonal and written skills that enable the individual to build trust with senior members of managed syndicates, coverholders and brokers
2 Effective organisational skills and a proactive outlook in setting and prioritising work and meeting deadlines
3 Flexibility: A sense of perspective and commercial awareness
4 Able to work unsupervised, the role assumes a degree of autonomy
5 Good level of numeracy and attention to detail
6 Ability to work as an effective team member or as an individual, as circumstances dictate.
Key technical skills, knowledge and professional qualifications required
1 Current and relevant experience in a delegated underwriting role.
2 Educated to A level standard or equivalent
3 Good working knowledge of MS Office (or similar) programs, particularly Word and Excel
4 A good understanding of Lloyd’s requirements for delegated underwriting arrangements, essential
5 Familiar with the structure and content of binding authority, lineslip and consortium agreements
6 Prior use of Lloyd’s systems including Atlas, DCOM, DAM, DDM, Crystal and Risk Locator, essential