oracle
Delegated Authority Analyst
Canopius
Sydney, AUS
Full-time
Mid
Hybrid
Discovered 2 weeks ago
excel
Key Skills for This Role
excel
Full Job Posting
Qualifications
- Skills & Qualifications
- Business Process Improvement
- Regulatory Compliance
- SLA Management
- Stakeholder Management
- Third Party Management
- Knowledge of delegated authority practices, preferably within the Lloyd’s market.
- Knowledge of insurance industry practices and current regulatory requirements for Coverholder and DCA management.
- Excellent attention to detail.
- Ability to work both as part of a team and independently.
- Strong analytical and IT skills in Microsoft Excel and other MS Office systems.
- Problem solving skills.
- Good communication and stakeholder management skills
- Good organisational and time management skills, with the ability to prioritise and meet deadlines.
- Ability to learn new concepts quickly and take initiative with personal development.
- Strong contract administration and document control capability.
- Proven ability to manage trackers, action logs and governance reporting.
- Ability to coordinate multiple stakeholders and competing deadlines.
- Strong planning, organisational and follow-up skills.
- Ability to identify and escalate risks impacting contract completion timelines.
- Experience maintaining operational MI and reporting.
Key Responsibilities
- Complete assurance reviews of Coverholders & Delegated Claims Administrators (DCAs) to ensure compliance with Lloyd’s and Canopius standards.
- Conduct pre- & post-bind reviews for lead and follow binders, consortiums and line slips in line with Canopius policies, regulatory requirements and best practice
- Track all DCA appointments & produce/deliver DCA claims endorsements.
- Support with the due diligence, preparation, and submission of new applications to Lloyd’s, for UK, EEA, and International Coverholders and DCAs.
- Assist with reviewing existing and negotiation of new DCA Master Agreements to ensure adherence to Canopius procedures and regulatory requirements.
- Collaborate with other Delegated Authority Management teams, as well as Conduct, Complaints, Compliance, Cyber, Operational Resilience, and Data Protection teams, to ensure seamless information flow and effective oversight.
- Provide guidance to underwriting units, claims & other internal units in relation to all aspects of delegated authority assurance.
- Identify and escalate delegated authority breaches.
- Assist with reporting when required.
- Utilise Lloyd’s registration and compliance systems, such as Lloyd’s Insights, Atlas, Crystal+, Lloyd’s Contract Confidence tool, and DCOM.
- Monitor data accuracy, consistency, and completeness.
- Facilitate positive flow of communication with Brokers, Underwriters, Coverholders, and DCA parties.
- Maintain the Delegated Authority contract register, ensuring all new and renewal agreements are accurately recorded and updated throughout the contract lifecycle.
- Track key contract milestones, renewal dates, regulatory approvals, negotiation status and outstanding actions.
- Prepare weekly contract status reports for review by the Senior DA Assurance Analyst and DA Assurance Manager.
- Monitor upcoming renewal activity and proactively alert stakeholders where milestones are at risk of being missed.
- Coordinate the collection of information required for BAA, DCA and delegated authority contract negotiations.
- Maintain negotiation action logs and ensure agreed actions are communicated and followed up with relevant stakeholders.
- Support contract execution activities and ensure all required approvals are obtained prior to contract commencement.
- Maintain version control and document management for delegated authority agreements.
- Coordinate monthly contract and renewal governance meetings.
- Prepare meeting packs, contract status updates and stakeholder reporting.
- Track and follow up outstanding actions arising from governance meetings.
- Support stakeholder engagement activities to maintain momentum on contract negotiations and onboarding activities.
- Own the day-to-day maintenance and reconciliation of the DA Tracker covering Coverholders, DCAs, Product Partners and associated approvals.
- Ensure tracker information is complete, accurate and aligned to Lloyd's registration systems and internal records.
- Produce periodic MI on renewal pipeline, overdue actions, contracts pending execution and upcoming approvals.
About Canopius
Insurance1037 employeesFounded 2003
Canopius is a private global specialty property-and-casualty insurer and reinsurer serving brokers and policyholders worldwide.
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