The Delegated Authority Management team at Markel are seeking an Delegated Authority Analyst to join the team. The role involves supporting the Delegated Authority Manager and Senior Delegated Authority Analyst in conducting due diligence reviews of coverholders and managing post-bind activities. The analyst will work closely with the Due Diligence team to ensure unified delegated authority processes and provide support for the Service Company Arrangements globally. Key responsibilities include reviewing line slip, consortium, and master policy arrangements, supporting the coverholder audit team, and ensuring regulatory compliance. The role requires effective communication, attention to detail, and stakeholder management skills
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Who we are:
Business Unit overview:
The Governance & Delegated team at Markel International are responsible for the 1st controls of our International Delegated Authority in respect of underwriting across all divisions and delegated claims covering our Wholesale, State National Global, Global Re and Global Specialty Divisions. In addition we provide assurance from a Product and Underwriting Governance perspective for Wholesale and State National Global divisions.
Part of Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.
What you’ll be doing:
- Support the Delegated Authority Manager and Senior Delegated Authority Analyst by undertaking due diligence reviews of coverholders, dealing with referrals from the business whilst complying with all internal policies, procedures and regulatory requirements.
- Ensure any post-bind activities are undertaken efficiently and effectively
- Align and work closely with other members of the team to ensure that delegated authority due diligence covering delegated underwriting and claims is unified, undertaking delegated claims on-boarding activities where directed.
- Support the Delegated Authority Manager and Senior Delegated Authority Analyst with the on-going management of the Service Company Arrangements globally
- Review line slip, consortium and master policy arrangements as required.
- Provide insight and support to the coverholder audit team
- Work closely with the Governance team to ensure that all regulatory requirements are adhered to and evidenced.
- Liaise with the Underwriting Support Delegated data entry team to ensure that all bordereaux on coverholder business is of good quality and is received regularly.
- Prepare information for the Delegated groups/committees or other groups as needed.
- Deputise for the Senior Delegated Authority Analyst or other senior team members as required.
Key Skills:
- Previous experience of working in Delegated Authority due diligence would be advantageous.
- Good understanding of Lloyd’s and delegated authority requirements.
- Familiarity and experience of Slips
- Good and effective communicator – open, honest, and respectful.
- Ability to deliver work on time to a set deadlines
- Good understanding of Microsoft Office, Word and Excel
- Effective stakeholder management skills
What’s in it for you?
- A great starting salary plus annual bonus & strong benefits package…
- Up to 16% company pension scheme,
- Private medical and dental cover, Menopause plan, emergency care benefit (children/Pets/dependants)
- Income protection, Life assurance, electric car scheme, travel insurance
- 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
- As well as other great benefits on offer there are countless opportunities to learn new skills and develop in your career!
Are you ready to play your part?
If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward, reach their full potential and seize opportunities. You’ll find your fit amongst our diverse global community of optimists and problem-solvers. We’re always pushing each other to think further because we believe that when we strive for better and realise our potential, we can help others reach theirs.
Join us and play your part in something special!
Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.
At Markel we are all about the people, celebrating the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.
We will ensure that individuals are provided with any reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at talentacquisitionteam@markel.com or call us at 0161 507 5827 to request any accommodations or adjustments that may be needed, including alternative formats of documents or information on how to apply offline.
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