Delegated Authority Manager

  • Location

    City of London

  • Sector:

    General Insurance

  • Job type:


  • Salary:

    £60000.00 - £75000.00 per annum

  • Contact:

    Teri Mortier

  • Contact email:

  • Job ref:


  • Published:

    25 days ago

  • Expiry date:


  • Consultant:

    Teri Mortier

Role: Delegated Authority Manager

Role Overview

  • The Delegated Authority Manager will advance and manage the Syndicate framework for monitoring Portfolio/Delegated business, ensuring compliance with Lloyds Minimum Standards, Syndicate Data Requirements and local Regulatory bodies for Europe and the Managing Agent
  • Continually improve the quality and the cost using a combination of outsourced providers and technology as a global function.
  • Delegated Authority Manager supporting US Binding Authority and Terrorism/PV business classes


The Delegated Authority Manager will provide oversight and management of the monitoring operations of DUA performance in terms of reporting and compliance requirements:

  • Provide Reporting and Analysis of Profitability & Performance of individual Delegated UW Authority contracts (liaising with UWs, Claims and Reporting as required)
  • Monitor Premium Income Limits (including writing patterns and accurate income estimates)
  • Manage DUA outsourcing arrangements (e.g. VIPR / Capita)
  • Ensure Segmentation and Data Requirements are agreed and well understood by interested parties (Operations Leads, Claims, Underwriting and Pricing)
    • Formal review/sign off of all "in scope" DUA contracts as defined in Company Policies and Procedures.
    • Data Management
      • Ensure that agreed Requirements have been appropriately implemented and approved by Outsourced provider
      • Monitoring timely receipt
      • Aggregation Monitoring (working with Aggregations Technicians)
      • Credit Control (working with Finance/Operations)
    • To provide technical advice and manage day to day relations with underwriters and brokers to ensure that the Syndicate's DUA requirements are understood and implemented.
    • The DUA Manager is responsible for ensuring that both internal and external resources are sufficient in terms of skills and experience to meet the needs of the business.

Experience Required:

  • Sound knowledge of FCA and Lloyd's and major foreign regulatory requirements.
  • Thorough knowledge of Lloyd's Minimum Standards for Delegated Underwriting and Conduct Risk
  • Competent MS Office user to intermediate level.
  • Good oral and written communication skills.
  • Time management skills, able to work unsupervised, and to independently prioritise tasks to meet tight deadlines.
  • Team management skills
  • Analytical and problem-solving skills.
  • Good numerical skills.