Role outline:
- The DUA Manager will assist the Head of DA Management in a range of activities, relating to the management and oversight of all Delegated Authority business. The DUA Manager will work closely with all underwriting teams which write business on a delegated basis.
Reporting:
- DUA Manager reports to The Head of DA Management.
The duties and responsibilities outlined in this section provide an overview of some of the main areas this role covers.
- Guiding new coverholder applications and extension through the relevant internal and external due diligence and approval processes, coordinating all aspects thereto
- Assisting with oversight, monitoring and development of the group owned coverholder
- Assist with pre-renewal due diligence, working with underwriting and other stakeholders to ensure an efficient and robust process following company guidelines.
- Maintaining ongoing coverholder due diligence, records, and data within the approved coverholder database
- Oversight of Lineslips and other forms of delegation in accordance with internal policies and requirements
- Tracking, reporting and escalating issues to underwriting and relevant committees including exceptions to the binder terms (granted authority, approved locations, etc.)
- Review, asses, and report on product approval and conduct risk matters in line with internal policies
- Involvement with the third party coverholder audit process, including scheduling, instructing, and following up on findings/recommendations of Audits via AIMs and/or the relevant Brokers
- Proactively engage and represent the company in relevant Lloyd’s market forums where applicable
- Contributing to other Syndicate / Lloyd’s projects as they emerge
- Ensure appropriate levels of service are maintained, both to internal as well as external stakeholders
- Ensure that the company is continually meetings it’s obligations regarding the underwriting and maintenance of its DA portfolio, including adherence to Lloyd’s Rio Principles.
Required:
- Understanding of Lloyd’s coverholder requirements
- Thorough understanding of all varying types of delegated underwriting
- Understanding of coverholder auditing requirements
- Understanding of conduct and product risk considerations
- Lloyd’s Atlas System
- Lloyd’s Aims/DAM System
- Lloyd’s DCOM System
IT Skills:
- Microsoft Systems - Word, Excel, Outlook and Teams
- Data Entry - Accurate keyboard and data input skills
- In-house Systems – Skyline, Access, Cascade, Document Repository System
Other:
- Continuing Professional Development – Willingness to continue to develop technical knowledge through formal and informal learning, both internal to the firm, and externally
- Qualifications – ACII or progression towards advantageous
Sector:
- General Insurance
