als Recruitment Limited
Delegated Authority Analyst (Reinsurance)
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Are you already working within Delegated Authority and looking for a role that will give you the opportunity to broaden your technical experience?
We are working with an established specialist London Market broker that is continuing to grow and has recently created a new specialist reinsurance team.
As part of that growth, they are looking for a Delegated Authority & Reinsurance Technician to join the team.
This is a particularly interesting opportunity for someone who already has a good grounding in Delegated Authority, binders and London Market processes, but doesn't necessarily want their next move to be more of the same.
Alongside supporting the management of Delegated Authority arrangements, you will have the opportunity to develop your knowledge and experience of Treaty Reinsurance operations, giving you broader exposure across both insurance and reinsurance.
What will you be doing?
- Supporting the management of new and existing Underwriting Agreements, including binders, Binding Authorities, Coverholder appointment agreements and consortia
- Drafting and reviewing Underwriting Agreements and recommending amendments where required
- Processing endorsements and changes to existing agreements
- Assisting with the approval and registration of agreements using Lloyd's and London Market systems including ATLAS and DCOM
- Supporting Coverholder approvals, due diligence and ongoing Lloyd's compliance requirements
- Assisting with the preparation and distribution of risk bordereaux
- Maintaining internal trackers, records and reporting
- Producing MI to support the management and oversight of Underwriting Agreements
- Supporting Treaty Reinsurance accounting and processing across a variety of clients and accounts
- Gaining exposure to areas including profit commissions, reinstatements and loss ratio calculations
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What are we looking for?
This could suit someone who has built the foundations of their London Market career and is ready for a role that will expand their experience.
Ideally, you will have:
- A minimum of 2 years' experience within the insurance or reinsurance market
- Knowledge of binders and Delegated Authority practices
- Experience using Lloyd's/London Market systems such as ATLAS and DCOM
- Strong attention to detail and organisational skills
- Confidence working independently as well as within a small team
- Good communication and relationship-building skills
- Strong Excel and general Microsoft Office skills
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Previous experience within a broker, MGA would be particularly relevant.
Experience of LORS and Treaty Reinsurance processing would be advantageous but is not essential.
Why consider it?
Rather than leaving one Delegated Authority position simply to do the same job somewhere else, this gives you the opportunity to use the experience you've already built while adding something new to it.
You'll be joining a newly created specialist reinsurance team at an early stage of its development, with the opportunity to broaden your technical knowledge across Delegated Authority and Treaty Reinsurance.
For someone who enjoys the technical side of the London Market but wants to continue developing and broaden their experience, this could be a really interesting next step.
Salary: Up to £50,000
Location: London
Hybrid: 3 days in the office
Please apply or drop me a message on LinkedIn expressing your interest if you have the relevant DA experience
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