Delegated Underwriting Assistant

Delegated Underwriting Assistant

Department: Underwriting Operations

Employment Type: Permanent - Full Time

Location: London

The key purpose of this role is to provide support to the Delegated Underwriting Manager in any activities relating to the monitoring and compliance with underwriting requirements as set out within The Principles for doing business at Lloyd’s ("The Principles"). Additionally, this role will assist with administration and other clerical duties that impact the Delegated Underwriting team.

• Responsible for the administration of cover holder due diligence
• Responsible for the completion of Lloyd’s pre-bind quality assurance (PBQA) and general contract reviews in line with expected targets
• Assist with the cover holder audit function including scheduling, review of audit reports and ensuring outcomes are followed up as required
• Assist with the oversight of bordereau received from Coverholders, including mapping and processing, as required
• Responsible for maintaining and circulating required cover holder information from Lloyd’s ATLAS and DCOM systems
• Producing delegated underwriting information for monthly packs and regulatory returns.
• Producing conduct related management information in of underwriting.
• Review and report on data received from coverholders
• Regular liaison with Underwriters, Claims, Finance and Compliance teams.
• Ensuring compliance with "The Principles" as they relate to Delegated Underwriting.
• Assisting colleagues with ad hoc duties as and when required.
• Keeping up to date on technical and operational delegated issues that impact the Delegated Underwriting team.
• Attending meetings and liaising with the Lloyd’s Third-Party Oversight (Delegated Authority)

• Production of regular and ad hoc business reports relating to delegated authority risks including the associated conduct risk information.
• Assist with the production of regular and ad hoc business reports.
• Provide Management Information (MI) to manager for reporting purposes

• A thorough understanding of Lloyd’s reporting requirements and the requirements under "The Principles".
• Experience in a Delegated Underwriting role
• Good mathematical and analytical skills
• Strong IT skills
• Good organisational skills including the ability to prioritise and handle the allocation of workloads, ensuring specific deadlines are met.
• The ability to work well within the team, sharing knowledge and training to meet business and team goals.

At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.

Straight-talking

We feel empowered to share thoughts and ideas, because everyone’s voice matters.

Collaborative

We work together towards common goals, share knowledge and support each other.

Hard-working

We all have a stake in the company’s success and are proactive in contributing to our goals and vision.

Responsible

We focus on achieving tangible results with consistent standards across the Group.

Positive

We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.