We are delighted to partner exclusively with a specialty Lloyd’s syndicate to recruit a Delegated Authority Manager. This pivotal role reports directly to the Chief Underwriting Officer and includes line management responsibilities.
Role overview: As the Delegated Authority Manager, you will have ultimate oversight and management of the syndicate’s delegated authority framework. You will be an integral member of the Delegated Underwriting & Claims Committee and provide expert advice and guidance to underwriters for delegated business.
Key Responsibilities:
Oversee and manage the approval process for binders and lineslips, ensuring compliance with procedures and tracking actions, with escalation as needed
Develop and monitor the annual coverholder audit plan, review audit reports, and ensure actions are tracked through to completion
Conduct ongoing monitoring of binders and lineslips, addressing post-inception changes, and managing coverholders, including cancellation and non-renewal
Produce management information and exception reports for internal committees
Attend market forums and conferences to stay updated on developments within the delegated market
Experience required:
Strong understanding of Lloyd’s and regulatory requirements concerning delegated arrangements
Solid experience in delegated business, including the onboarding of new coverholders and consortia business
Confidence in managing, coaching, and mentoring junior team members
Proven ability to develop relationships with internal and external stakeholders at all levels
If you are looking to be in an integral role and contribute towards the success of the delegated book get in touch for more details.
