Delegated Authority Analyst

Delegated Authority Analyst

Department: Delegated Authority

Employment Type: Permanent

Location: London

Compensation: £30,000 - £32,000 / year

Description

This is a new exciting opportunity to join the Polo Delegated Authority Practice, a growing department within Polo Commercial Insurance Services. Based in our London office, the team offers specialist support to Lloyd's and non-Lloyd's clients through the provision of services, audit and consulting. The Delegated Authority Analyst will have exposure across the end-to-end delegated authority lifecycle along with client duties and collaboration with other Polo teams, including the Claims Practice. This role is a great opportunity for those interested in joining an inclusive and well-respected organisation and could be suited to a graduate with an interest in the insurance market and Lloyd's, or applicants looking to further their insurance career.

We are a people-centric culture of togetherness, empowerment and involvement. It is our team that makes PoloWorks.

Key Responsibilities

1. Co-ordinating Coverholder and Delegated Claim Administrator due diligence, ensuring that all files are complete and up to date.
2. Assisting with the co-ordination of external audits and managing the process through to closure of audit findings.
3. Liaising with insurers, Coverholders, audit firms and brokers to ensure that approvals and renewals are processed in line with SLAs.
4. The preparation of renewal slips and endorsements.
5. Production of reports and meeting packs.
6. Reviewing reports and chasing of outstanding queries.
7. Assisting with client proposals.
8. Ensuring all activities are completed in line with client expectations, regulatory requirements and best practices.

Skills, Knowledge and Expertise

1. An entry level understanding of delegated authority or Lloyd's requirements.
2. System savvy, preferably with knowledge of market systems including Atlas, DCOM, DAM, DDM, Crystal and Risk Locator.
3. Attention to detail, excellent due diligence, and investigative skills.
4. Strong analytical, written and communication skills.
5. Excellent organisation and time management skills.
6. Strong interpersonal skills with the ability to communicate effectively with individuals at all levels of the business in a confident and professional manner.
7. Commitment to complete the Chartered Insurance Institute exams to a minimum of Certificate level.

Demonstrates behaviours aligned to the PoloWorks PRIDE values:

1. Pioneering - we don't stand still
2. Responsible - We do the right thing
3. Inclusive - we all play a role
4. Delivery Focussed- we provide services we are proud of
5. Empowering - we equip people to be their best

Benefits

As well as a competitive salary, discretionary annual bonus, and 25 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.

You will also have access to company volunteering days, an employee assistance programme with retail discounts and savings, a generous employee referral scheme, regular sports and social events, and free Cheltenham bus travel.