We are keen to speak with DUA Operations managers to join a reinsurance client of ours based in central London.
This is contract role until the end of the year. Working on a hybrid basis. Paying in the region of £80k - £100k per annum.
The role holder is to act as a key member of the Delegated Operations management team, working in a fast-paced environment that encourages new ideas and a fresh way of thinking.
You will be responsible for:
- Management of due diligence process and administration of all classes of business including new Coverholder sponsorship, annual due diligence review and approval,
- Liaising and providing guidance to underwriters, transversal functions and stakeholders,
- Assisting and implementing regulatory directives,
- Oversight and control of internal/external business associated forums and actions,
- Management of outsourcing arrangements and monthly performance against SLA's,
- Review third - party audit recommendations and resolution of identified actions,
- Ensure data quality meets the standards and rectify where gaps identified,
- Oversight of income review results and reporting requirements of the credit control function,
- Management and support of all Delegated Authority team members as required,
- Identify opportunities for improvements in cost savings and efficiency across the processes,
- Generate and develop reporting requirements (internal/external) to support regulatory and non-regulatory returns,
- Ensure delegated systems including Vipr and the HUB remain fit for purpose,
Requirements
- 1-2+ years Delegated Underwriting Authority experience
- Sound knowledge of FSA and Lloyd's and major foreign regulatory requirements.
- Thorough knowledge of Lloyd's Minimum Standards for Delegated Underwriting, Conduct Risk and Third-Party agreements including Binding Authority Agreements,
- The ability to build and implement processes,
- Good oral and written communication skills.
Benefits
Initial contract until the end of the year with the expectation to be taken on permanently.