Who Are We?
Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Job Category
Operations
Target Openings
1
What Is the Opportunity?
Travelers Europe is looking for a Senior Delegated Authority Analyst to join our DASS team based in London.
Reporting to the Head of Delegated Authority Support Services (DASS), you will operate and oversee the Delegated Underwriting Authority controls within Travelers Europe, ensuring the Delegated Authority Framework remains up to date and in compliance with regulatory requirements.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.
- Support the design and implementation of the delegated underwriting governance processes
- Execute and oversee the delegated underwriting due diligence and third-party audit framework
- Support underwriters in setting up new and renewal delegated authority arrangements, co-ordinating with key stakeholders throughout the business
- Engage in broker and coverholder meetings in support of Underwriters, where required
- Serving as a subject matter expert within Delegated Authority Support Services (DASS)
- Provide expert advisory and guidance to the business in relation to all Delegated Authority matters
- Work with delegated operations team members to ensure adequate pre-bind data due diligence is completed
- Schedule, monitor, review third-party coverholder audits and ensure audit recommendations are tracked to completion
- Provide new ideas for process improvement and operational efficiencies
- Provide input into the quarterly Delegated Authority Panel meetings
- Keep up to date with Lloyd’s and London Market initiatives in relation to Delegated Authority business
- Apply expert knowledge to help design risk-based processes, ensuring compliance with the latest regulatory requirements
- Ensure records are kept up to date
- Act as a central point of contract for the Lloyd’s Coverholder Department
- Attend Lloyd’s and market meetings
- Build and maintain internal and external relationships
- Provide advice and guidance to Underwriters, Compliance and other stakeholders on current Delegated Underwriting Requirements. This will include the completion of information to be submitted to Lloyds for specific Coverholder approvals.
- Participate in wider projects and duties in relation to DUA business
What Will Our Ideal Candidate Have?
- Strong communication skills and ability to develop/maintain productive internal and external relationships.
- Excellent stakeholder management skills.
- Ability to make sound decisions and recommendations.
- Ability to think strategically.
- Understanding of Process Improvement initiatives.
- Good collaborator and ability to work well in a team.
- Intermediate Microsoft office systems including excel and PowerPoint.
- Good organisational skills.
What is a Must Have?
- Advanced knowledge of delegated underwriting
- Previous experience in a delegated underwriting role
- Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.
