Job Type:

Permanent

Build a brilliant future with Hiscox
 

Job Title: Delegated Authority Analyst – London Market

Location: London

Type of contract: Permanent

The team

The London Market Delegated Authority Team is part of the HSL Operations and Governance Team and supports Underwriters in delegating underwriting authority.

Reporting to the London Market Head of Delegated Authority, the team balances compliance and business needs to minimize regulatory and reputational risks. We facilitate new business relationships and ensure adherence to regulatory requirements by staying updated on regulatory changes. Our team values meeting deadlines, delivering exceptional service, and maintaining strong communications with stakeholders.

The Role

The primary purpose of this role is to perform pre-bind due diligence on Binders and Coverholders to ensure they meet regulatory requirements. Other responsibilities include processing changes to Coverholder permissions, reviewing endorsements, and general administrative duties. Strong organisational skills and attention to detail are essential, especially during busy renewal seasons between 01/12 and 01/06.  The successful candidate should be able to prioritise tasks well during busy periods and stay proactive during quieter times.

This role provides insight into multiple classes of business as we write Binders in most classes and the DA Analyst will be responsible for reviewing them all.

Main Responsibilities

• Conducting due diligence on Coverholders and binders.
• Reviewing compliance policies and providing guidance.
• Assessing contract endorsements.
• Processing Lloyd’s Post Approval Changes.
• Ensuring compliance with all DA regulatory requirements
• Communicating with stakeholders to provide updates, gather feedback, and address concerns.
• Completing administrative duties, such as electronic filing and mailbox management.
• Continuously improving processes and practices
• Performing other ad-hoc duties as required.

What does success look like?

• Meeting all service level agreements.
• Maintaining clear audit trails.
• Building positive relationships with colleagues and stakeholders.
• Developing and sharing knowledge of delegated authority requirements.

The Candidate

Ideal Traits

• Excellent communication skills.
• Analytical mindset able to work independently and pro-actively.
• Confident decision-maker.
• Detail-oriented.
• Enjoys doing research.
• Solution-focused.
• Competent managing high volumes of tasks.

Who needn’t apply?

• Those who cannot handle fluctuating workloads.
• Those who dislike repetitive tasks or high-pressure environments.
• Those who need micro-management.

Must haves

• Lloyd’s Delegated Authority Experience (Including Atlas and DCOM)
• Strong attention to detail and great accuracy
• A proactive mindset and the initiative to pre-empt issues or explore possibilities before raising queries
• Effective prioritisation and organisational skills

Work with amazing people and be part of a unique culture