DUA Analyst
Location: London
Contract Type: Permanent
Work Pattern: Full Time and Hybrid
About the job
We are excited to offer a newly created role for an experienced DUA Analyst to join our dynamic and growing team. This is a fantastic opportunity to become part of a leading Lloyd’s syndicate, where your expertise will make a real impact.
As a Delegated Underwriting Analyst, you will be responsible for ensuring that all forms of Delegated authority arrangements for MS Amlin follow the policies, procedures and processes of the Delegated Authority Framework and that a professional, efficient and effective service is provided at all times.
You will support Underwriters in the growth of the delegated book by facilitating effective onboarding and renewal processes providing technical advice and identifying compliant solutions. Supporting the Delegated Authority Business Partners on actioning all delegated activities, as well as, collaborating with internal SMEs, including but not limited to complaints and conduct teams to ensure alignment and regulatory compliance.
What you will spend your time doing
- Assist with managing the Delegated Authority portfolio by:
- Completing onboarding due diligence for all new Coverholders including sponsorships to Lloyds
- Maintain ongoing due diligence for the life cycle of the Coverholder relationship and underlying contracts
- Conduct renewal due diligence for all existing binders, lineslips and consortia
- Complete Coverholder applications, class of business, branch offices and regional extensions for Coverholders and MSAUL service companies
- Support Underwriting and claims teams with delegated authority queries and approval processes including Mid Term changes
- Conduct technical risk assessment reviews, ensuring third parties meet required standards
- Perform pre and post bind reviews for binders, lineslip, master policies and consortia to ensure procedural and regulatory compliance
- Support outsourced resource working on delegated activities and other supporting administrative tasks
- Support the Delegated Authority Operations team in resolving bordereaux queries, third party audit report reviews and recommendation remediation
- Use Lloyds system including Atlas, DCOM, Crystal to support registration and compliance activities
- Timely escalation of any material issues identified to appropriate forums
- Supporting the wider DA Team as required
You’re Going To Enjoy This Job If You…
- Establish, maintain and enhance the day to day relationships with internal customers.
- Keep abreast of changes and proposed changes to delegated underwriting authority rules, best practice and guidance issued by regulators
- Take pride in the quality of your work and promote best practice at all times
- Enjoy providing a valuable service to the business by supporting underwriters through change
- Are not afraid to challenge the status quo and suggest improvements to frameworks and procedures
- Enjoy constantly learning and developing yourself
What We Need From You
- Experience in the London Delegated Authorities market.
- Sound knowledge of underwriting practice
- Good understanding of the regulatory binder control frameworks
- Ability to clearly and concisely communicate in writing and verbally
- High attention to detail with great pragmatism
We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!
What Can You Expect From Us?
As well as a competitive base salary and performance related discretionary bonus, here is a link to our employee benefits - Benefits of working at MS Amlin | MS Amlin
Hybrid Working
At MS Amlin we operate a hybrid working model to empower our people with flexibility to blend where they work. We value collaboration and believe that we work better together, our teams typically do 3 days a week in the office.
About MS Amlin
MS Amlin is a leading (re)insurer and part of the global MS&AD Group, with operations across Lloyd’s of London, the Middle East, and Asia Pacific. With over 120 years of experience, we support businesses facing complex and demanding risks, providing continuity in an uncertain world. Our expertise covers Property, Casualty, Marine, Crisis Management, Natural Resources and Reinsurance, backed by strong underwriting capabilities and deep sector knowledge. At the core of our claims service is TRUST - Transparency, Responsiveness, Understanding, Solution-driven thinking, and Technical expertise. This defines how we manage claims and build lasting relationships.
DE&I at MS Amlin
We will build a workplace where all talent is welcomed, and everyone has the opportunity to influence how the business works. We have dedicated employee resource groups that support our Diversity, Equity, and Inclusion (DE&I) goals.
MS Amlin is proud to be one of the founding partners of Lloyd’s Inclusive Futures programme which aims to get more Black and ethnically diverse people into the insurance industry - supporting them all the way from the classroom to the boardroom. Visit this link (Inclusive Futures Impact Report) to find out more about the programme and its aims and achievements so far.
Top Skills
What We Do
Millennium is a global alternative investment management firm, founded in 1989, which manages $54.9 billion in assets. We seek to pursue a diverse array of investment strategies across industry sectors, asset classes, and geographies.
Our four primary strategies are RV Fundamental Equity, Equities Arbitrage, Fixed Income Strategies, and Quantitative Strategies.
Millennium was founded on the belief that innovation and results come from empowering talented, independent-minded individuals. To us, success is the combination of drive and discipline.
See our community guidelines at: mlp.com/guidelines
