Delegated Underwriting Authority Audit Manager
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Job Summary
In good company.
Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty Hamilton Select and Hamilton Re each with dedicated and experienced leadership provide access to diversified and profitable business around the world.
Headquartered in Bermuda Hamilton has over 600 employees with key underwriting operations in London Bermuda the US and Dublin. We work collaboratively we share a passion for the service and results we deliver and we know that what we do each day is meaningful to our customers and our business. We believe we are In good company. with everyone we interact with.
Were looking for an
Delegated Underwriting Authority Audit Manager
Based in London reporting to the Head of Delegated Underwriting Authority this role will be responsible for working across Hamilton to support continued compliance with the Companys guidelines and standards set out within the Delegated Authority Framework along with Lloyds Code of Practice.
What you will do
- Lead the Delegated Underwriting Authority Audit function to ensure Hamilton has an audit strategy that includes delegated underwriting technical reviews and operational audits of third parties that support the delegated underwriting process.
- Maintain approved auditor audit panel ensuring all TOBAs are agreed and up to date.
- Organise Pre-Inception Audits as Hamilton are presented with new opportunities on new relationships and/or to extend existing operations.
- Maintain the Delegated Authority audit and review schedules ensuring participation in Lloyds co-ordinated audit activities.
- Maintain audit and review recommendations and follow up on remediation actions as required to ensure compliance with recommendations.
- Manage exceptions and report to Head of Delegated Underwriting Authority where appropriate.
- Ensure audits are managed and conducted in a competent thorough and professional manner.
- Establish and maintain effective working relationships with relevant internal and external stakeholders.
- Provide general assurance to the business with respect to delegated business.
- Prepare and record overdue recommendations to enable escalation to Delegated Underwriting Working Group (DUWG) and Underwriting Committee where necessary Report and present findings to Delegated Underwriting Working Group.
- Manage oversee the Underwriting visit process.
- Train and assist DUA admin assistant in understanding the audit process.
Conduct Standards
- You must act with integrity
- You must act with due skill care and diligence
- You must be open and cooperative with the CBI FCA the PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct
- You must act to deliver good outcomes for retail customers
What you require for the role
- audit experience within an insurance and/or reinsurance organization or public accounting firm.
- A strong desire to add value and succeed as a member of the DUA team and the ability to assume increased responsibilities within a dynamic and growing organisation.
- Excellent interpersonal & communication skills with the ability to function in a team environment.
- In depth understanding of Lloyds Delegated Underwriting Audit process.
- In depth knowledge of Lloyds structure and policies in delegated underwriting.
- Understanding of Conduct Risk regulations and their application to the product review process.
- Demonstrated project management skills.
- Ability to analyse documents for completeness and exceptions.
- Open innovative and inclusive mindset
What you can expect from us
At Hamilton we offer a vibrant entrepreneurial and collaborative workplace shaped by our values: Be Smart Be Sensible Be Open and Be More.
Our employees consistently say they would recommend Hamilton as a great place to work a testament to the inclusive supportive and empowering culture weve built together. We embrace individuality value diverse perspectives and recognise the unique contribution each person makes to our continued success.
Required Experience:
Manager
Key Skills
- Loan Processing
- Load Balancing
- Risk Management
- Growing Experience
- Algebra
- Management Experience
- Fair Housing Regulations
- Underwriting
- Team Management
- Geometry
- negotiation
- Supervising Experience
About Company
Hamilton Insurance Group, Ltd. is a Bermuda-headquartered company that underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries.
