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Goodman Masson

Delegated Authority Assistant

Goodman Masson London, United Kingdom
Posted 1 month ago Hybrid Job Permanent GBP30000.00 - GBP35000.00 per annum


Delegated Authority Assistant
London, UK
£30,000 - £35,000pa (depending on experience)
Permanent, Full time + Hybrid working


Our client is looking for a Delegated Authority Assistant to join their team based in London. Responsible for assisting the Compliance Team in the execution of their duties, and in particular duties concerning the oversight and management of Delegated Authority. Reporting to the Delegated Authority Oversight Manager, who will be responsible for managing the job holder's day-to-day work.


Key Responsibilities

  • Under the direction of the Compliance Team, maintaining an effective compliance monitoring framework focused on Delegated Authority: documentation of the framework; performance of monitoring work; reporting and escalation of findings; identification and implementation of enhancements.
  • Assisting the Delegated Authority Oversight Manager with scheduling and scoping of cover holder audits. Liaising with underwriting / claims teams and external parties as required
  • Working with the Delegated Authority Oversight Manager, underwriting / claims teams and brokers to address audit recommendations appropriately and within the companies' timescales, including documentation uploaded to our systems;
  • Assist the Delegated Authority Oversight Manager with tasks on the Lloyd's ATLAS system (e.g. Cover holder permission updates / broker change applications).
  • Administer user access and task management within the Lloyd's DCOM System; liaising with Underwriting teams and brokers where required.
  • Preparation of audit-related MI for Binder Management Forum and other internal / external audiences as may be required.


Requirements

  • Organizational skills and ability to operate at all times to the standards and rules of the regulatory bodies and those set out in the firm's standards documents.
  • Able to understand and administer effective Delegated Authority management systems and procedures, and to interact with internal and external systems.
  • Ability to prepare reports and to provide feedback as required.
  • Able to understand binding authority agreements, records and documentation and to communicate with underwriting teams around audit requirements and assist with general DA queries.
  • Able to maintain satisfactory relationships with regulators, colleagues and other professionals
  • Ability to communicate directly and through correspondence, in a manner appropriate to the audience
  • Knowledge of relevant provisions of Lloyd's Byelaws, Regulations and Codes of Conduct and all other relevant external requirements applicable to Delegated Authority business.
  • Knowledge of insurance, reinsurance and reserving practice.
  • Knowledge of the standards and rules set out in the firm's standards documents

In our company values we aim for equity at all stages of the recruitment process, please let us know if we can do anything to make the process more accessible to you.

job_description_image
Job ID  BBBH145546
ABOUT COMPANY
London, United Kingdom
HR & Recruitment

With a team of 180 and growing every day, Goodman Masson is London’s specialist Finance and Technology recruitment business. Voted ‘Recruitment Agency of the Year 2021', our passion for what we do is clear.

Based in London, Düsseldorf and New York, we hire across Finance, Technology and Specialist markets including the areas of Accountancy & Finance, Audit, Actuarial, Banking Operations, Change Management & Transformation, Compliance, Investment Management, Tax, Treasury, Housing Development, Pharmaceuticals, Technology, Digital & Data and Software Engineering.

We successfully provide both contingent recruitment and RPO solutions to a wide range of clients, through a brilliant understanding of sourcing and recruiting, the creation and evolution of employer brands and the fascination in the modern workplace.

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