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Job Type:
Permanent
Build a brilliant future with Hiscox
About the team/division
The London Market Delegated Authority Team is part of the London Market Underwriting Standards and Governance Team and provide support to Underwriters when delegating underwriting authority.
The Delegated Authority Team sit between Compliance and the “business”, implementing processes and oversight in a moderated and achievable way. We work to minimise the risk of regulatory or reputational damage posed to the Syndicate by delegating authority to third parties. We help facilitate new business relationships through ensuring they meet any regulatory requirements. Our constant challenge is balancing our approach so we don’t go with the hard compliance line but also ensure any potential risk is minimised as far as possible. Our priority is to always stay on top of developments in the regulatory landscape and implement changes to our corporate culture to ensure adherence to new rules.
We are results focused, placing high importance on meeting deadlines and delivering an exceptional service to those we work with. Building and maintaining communications with both external and internal stakeholders is core to the success of our team. We are a dedicated, hard-working team who want to achieve the best results possible whilst adhering to the various rules and standards imposed on us by Lloyd’s and other regulators.
We touch on many different parts of the Syndicate as well as having external contact with Lloyd’s, other Managing Agents, Brokers, and Coverholders. Internally, we work with Operations, Change, Underwriters, Compliance, Claims, Credit Control, Finance and all other Business Units – not just London Market.
The Role
The purpose of this role is to support the smooth and effective running of the DA Processes at Hiscox. This includes overseeing and supporting the DA Analyst and DA Technician in fulfilling their duties, assisting with query resolution, monitoring all aspects of workflow, (including pre and post bind activities), sponsoring Companies to become Lloyd’s Approved Coverholders, reviewing Lead DCOM entries and conducting quarterly deep dive DA Controls reviews.
The role requires excellent attention to detail as minor discrepancies can have huge consequences. Strong organisational skills and the ability to multi task are a must as the volume of open cases at any one time can be high. We have heavy renewal seasons at 01/01 and 01/04 but are quieter over the summer months, so the successful candidate must be able to prioritise well in the busier times and be proactive during quieter times.
The role involves working with a variety of different people and functions so clear, articulate and concise communication skills are essential.
Main Responsibilities
The Candidate
What sort of person would thrive in this team/Hiscox?
Our must haves
Diversity and flexible working at Hiscox
At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.
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