Delegated Authority Technician - Insurance

Recruiter
Inneo Recruitment Ltd
Location
Pitsea
Posted
12 Jan 2018
Closes
11 Feb 2018
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time

Delegated Authority Technician - Insurance

The Delegated Authority Technician will be responsible for the management of various delegated/binding authorities and lineslips and report directly to the managing director. Our client is a specialist delegated authority and IT support provider to the insurance market.

Main Responsibilities:

  • Pre & post contract checks on coverholders, binders and lineslips to ensure that they are in line with Delegated Authority policy.
  • Oversee ongoing due diligence of coverholders, brokers - including chasing brokers, coverholders and relevant TOBA's and contracts.

  • Oversee new coverholder approvals and applications.

  • Manage DA and lineslip renewals

  • Conduct risk coverholder Segmentation reviews.

  • Draft delegated authority agreements, direct dealing contracts & any endorsements as and when required/requested.

  • Ongoing development of delegated authority framework.

  • Collation of coverholder packs and administrative reporting for Insurers and the board.

  • Assessment of coverholder policy and procedures.

  • Assist in the management of the internal process manual for technical area of DA

  • Liaise with outsource partners and insurers and undertake peer reviews when required/requested.

  • Provide assistance to underwriters as required in relation to other aspects of delegated authority including technical advice, coverholder approval and binding authority audit reviews.

  • Scoping and review of audits for existing coverholders.

  • Manage and maintain the TOBA and contract process for brokers.

  • Collection and collation of bordereaux and payments from brokers.

Skills and Experience:

  • Experience of delegated authority practices

  • General insurance knowledge

  • Experience of drafting and checking binding authority contracts

  • Strong IT skills including Microsoft Excel and Word

  • Good attention to detail

  • Ability to hit the ground running

Salary:

£20,000 to £30,000 plus benefits depending on experience.