Audit Analyst, Delegated Underwriting Authority
Audit Analyst, Delegated Underwriting Authority
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Job Description
With a company culture rooted in collaboration expertise and innovation we aim to promote progress and inspire our clients employees investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short We Enable Possibility.
Role Summary and Purpose
- To support the Delegated Underwriting Authority Audit Manager in overseeing the coverholder audit function of Arch UK
Key Tasks and Responsibilities
- Assist in maintaining the coverholder audit schedule
- Assist in the scheduling and scoping of audits
- Assist in the review of audit reports and identifying required follow up actions to be issued to the coverholder
- Monitor the timely receipt of audit reports and record their findings and recommendations in Arch internal systems and Lloyds Delegated Audit Management system where required
- Manage the DUA Audit mailbox
- Liaise with internal and external stakeholders to ensure remediation of findings and recommendations updating Arch and Lloyds systems to assist with monitoring progress
- Maintain Arch approved auditors list and associated auditor Terms of Business Agreements
- Maintain the Arch coverholder and binding authority management system
- Liaise with Arch Compliance team where High Conduct Risk products are sold under binding authority arrangements
Role Requirements & Skills
- An understanding of delegated authority contracts and the governance process around these
- Prior experience undertaking audits and/or reviewing audit reports desirable
- MS Office Excel intermediate
- Demonstrated project management skills
- Excellent communications skills both verbal and written
- Strong interpersonal and team working skills
Ability to review significant quantities of information identifying and extracting key issues
Qualifications
- Degree level education preferred A Level education minimum or equivalent relevant professional qualification
- Strong analysis and data processing skills
- Knowledge of Lloyds structure and policies in delegated underwriting
Experience
- At least one years experience working within delegated authorities preferably within a delegated underwriting team.
Do you like solving complex business problems working with talented colleagues and have an innovative mindset Arch may be a great fit for you. If this job isnt the right fit but youre interested in working for Arch create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Archs Talent Acquisition team.
14100 ARCH UK ACCOUNT SET - TO BE USED FOR Q1 PAYROLL ONLY - Arch Europe Insurance Services LtdRequired Experience:
IC
Employment Type
Full-Time
