Delegated Authority Technician. £45,000 - £65,000This well established and highly regarded Underwriters has an excellent market reputation and is now looking for a new person for their Delegated Authority team.The successful candidates key focus is to administer best delegated underwriting management practices, participating in internal projects and market initiatives where required to achieve this aim. In addition, it is essential to provide strong stakeholder engagement for delegated underwriting across the Business and with Coverholders, brokers and Lloyd's.Duties will include:Facilitating approval of new Coverholders and Binding Authority AgreementsHandling Coverholder applications under the guidance of the Head of Delegated Underwriting AuthorityProcessing and managing approval of renewals including preparation of renewal data, annual due diligence, internal sign off documents, drafting agreements, pre bind quality assurance and registrationsUndertaking Conduct Risk review on new and renewal Coverholders and referring to the Product Oversight Committee where requiredResolution of audit recommendations relevant to the agreed portfolio of coverholdersDrafting of documentation for direct deal facilities, where requiredReviewing and managing sign off of lineslips and consortiumsEnsuring accurate risk entry and rating in the underwriting system, processing endorsements and updating systems where required for facilities managedEnsuring account information is accurate and processed in Lloyd's delegated authority systemsMonitoring of premium income and commissions against booked estimates monthlyAttendance at the quarterly Delegated Authority Management GroupParticipation on internal projects and meetings where required.Handling the processing of bordereaux (written and paid) onto internal systems and Lloyd's systems.Help to maintain internal logs related to receipt of bordereaux and its status of upload.Monitor the quality of bordereaux data and resolving data issues by liaising with Underwriters / Coverholders & Brokers
