Senior Delegated Authority Assurance Analyst at Canopius | City of London, England | Rezi

Senior Delegated Authority Assurance Analyst at Canopius

Senior Delegated Authority Assurance Analyst

Canopius · City of London, England

2 months ago

Senior Delegated Authority Assurance Analyst

Canopius · City of London, England

2 months ago
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About the Role

Support the assurance process for delegated authority partners, including Coverholders, Delegated Claims Administrators (DCAs), and Product Partners. Contribute to onboarding, contract reviews, and ongoing oversight activities, ensuring compliance with Canopius Delegated Underwriting and Claims policies. Facilitate effective onboarding and renewal processes, provide technical advice, and identify compliant solutions. Collaborate with wording specialists, Coverholder teams, and internal SMEs to ensure alignment and regulatory compliance. Oversee day-to-day activities of junior members and analysts within the team.

Responsibilities

  • Complete due diligence and submit new applications to Lloyd’s, including UK, EEA, and International Coverholders, DCAs and Product Partners.
  • Conduct technical risk assessment reviews to ensure partners meet required standards.
  • Support underwriting and claims teams with delegated authority queries and approval processes.
  • Perform pre- and post-bind reviews for binders, line slips, master policies, and consortia to ensure procedural and regulatory compliance.
  • Participate in bespoke applications requiring deep knowledge of delegated authority.
  • Collaborate with internal teams including Compliance, Operational Resilience, and Cyber Security for effective oversight.
  • Engage with complaints and conduct teams to ensure alignment with regulatory and operational standards.
  • Monitor regulatory changes and escalate relevant updates to the DA Assurance Manager.
  • Oversee junior analysts, provide support in the DA Assurance Manager’s absence, and contribute to team development.
  • Deputise for the DA Assurance Manager as needed.
  • Prepare data and insights for internal reporting packs.
  • Collaborate with wording specialists in new contract negotiations and coverholder arrangements.
  • Contribute to the review of DCA Master Agreements.
  • Maintain quality and consistency in contract checks through peer reviews.
  • Participate in internal change projects and systems testing as a business SME.
  • Use Lloyd’s systems including Atlas, DCOM, and Insights Hub to support registration and compliance activities.

Requirements

  • Solid understanding of delegated underwriting and claims authority practices, ideally within the Lloyd’s market.
  • Ability to provide technical expertise and guidance on DA business processes.
  • Familiarity with Coverholder and DCA onboarding processes.
  • Strong attention to detail and analytical skills.
  • Effective communication and interpersonal skills.
  • Proficiency in Microsoft Excel and other MS Office tools.
  • Strong organisational and time management skills.
  • Willingness to learn and take initiative in personal development.
  • Stakeholder engagement: Cultivate and maintain positive relationships with relevant internal or external stakeholders, effectively involving and communicating with them to drive collaboration, support, and alignment towards shared goals.
  • Collaboration and teamwork: Work effectively with team, project or other work groups or those outside formal line of authority to accomplish goals. Actively participate as a member of a team; develop and build cohesive team relations to produce required outputs; possess knowledge and understanding of colleagues work.
  • Adapting to change: Adjust thoughts, feelings, and behaviours to handle new, challenging, or complex situations; embrace change as a growth opportunity when working within new work structures, processes, regulations, or requirements.
  • Continuous Improvement: Analyse current and future state business requirements and identify strategies to continuously improve products, services or processes. Guide and inspire others to achieve results to enhance efficiency, quality and consistency.
  • Innovation: Create, develop and implement new ideas to enhance new or improved processes, systems, solutions, products or services; try different and novel ways to deal with problems and opportunities.
  • Resilience: The ability to cope with and recover from setbacks, challenges or difficulty. Persevere even under pressure or crisis situations and use ways that foster strength and growth, often emerging stronger than before.
  • Future Focused: Anticipate changes in regulations, technology and client needs, proactively responding to key trends happening in the industry. Think about the future through identifying opportunities and obstacles whilst planning effectively.

Skills

  • Delegated underwriting and claims authority practices
  • Lloyd’s market knowledge
  • Technical expertise and guidance on DA business processes
  • Coverholder and DCA onboarding processes
  • Attention to detail
  • Analytical skills
  • Communication skills
  • Interpersonal skills
  • Microsoft Excel proficiency
  • MS Office tools proficiency
  • Organisational skills
  • Time management skills
  • Willingness to learn
  • Initiative in personal development

Experience Level

  • Senior Analyst

About the Company

  • Canopius UK Operations