Delegated Authority Analyst

Job Type:

Permanent

Build a brilliant future with Hiscox

The team

The London Market Delegated Authority Team is part of the London Market Underwriting Standards 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 support business operations and ensure they meet regulatory requirements. Other responsibilities include processing changes to Coverholder permissions, assisting with new Coverholder Applications, reviewing endorsements, and general administrative duties. Strong organisational skills and attention to detail are essential, especially during busy renewal seasons between 01/12 and 01/04. 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.
• Supporting new Coverholder Applications.
• Ensuring compliance with all DA regulatory requirements
• Communicating with stakeholders to provide updates, gather feedback, and address concerns.
• Continuously improving processes and practices
• Completing administrative duties, such as electronic filing, profiling and mailbox management.
• Performing other ad-hoc duties as required.

What does success look like?

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

The Candidate

Ideal Traits

• Detail-oriented and enjoys researching information.
• Results-driven and passionate about high-quality service.
• Solution-focused and able to manage high volumes of tasks.
• Independent thinker and decision-maker.
• Strong compliance monitoring skills.
• Excellent communication abilities.

Must haves

• Experience in a busy office environment
• 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 skills
• Strong stakeholder communication skills.

Nice to have 

• London Market / Lloyd’s Insurance experience
• Delegated Authority Experience
• Familiarisation with Lloyd’s DA Systems eg Atlas / DCOM

Diversity and flexible working at Hiscox

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.

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Work with amazing people and be part of a unique culture

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