Senior Delegated Authority Analyst

Cornwallis Elt Ltd

The Senior Delegated Underwriting Authority (DUA) Analyst plays a crucial role in supporting the management and monitoring of the Delegated Underwriting Authority portfolio. Reporting to the DUA Manager and Chief Underwriting Officers, the role involves ensuring that delegated authority contracts such as Binding Authorities, Consortia, Lineslips, and Master/Group Policies comply with risk appetite standards and regulatory requirements. The analyst contributes to the setup and ongoing operation of all DUAs, including due diligence on new coverholder applications to Lloyd’s, management of bordereaux processing, and coordination of coverholder audits.

This role requires close collaboration with internal teams including Underwriting, Operations, Finance, Compliance, and Claims to resolve queries and support regulatory reporting. The analyst also assists in reviewing and maintaining Delegated Authority processes, procedures, and controls to ensure they remain fit for purpose and compliant with Lloyd’s Principles.

The ideal candidate will be highly organised, detail-oriented, and capable of managing multiple priorities independently while maintaining strong communication and stakeholder engagement skills. They will provide technical expertise and guidance on all aspects of DUA business and processes, ensuring effective compliance and operational excellence.

Key Responsibilities

• Conduct due diligence on delegated authority contracts to ensure compliance with risk appetite and regulatory standards.
• Review Binding Authority contracts and liaise with brokers as necessary.
• Support the DUA Manager in managing new coverholder applications and bordereaux processing.
• Assist in scheduling and managing coverholder audits, processing audit reports, and following up on recommendations.
• Collaborate with internal teams to resolve day-to-day operational queries.
• Prepare management information for internal committees and regulatory returns.
• Contribute to the review and update of Delegated Authority processes and controls.
• Support compliance reviews aligned with Lloyd’s Principles.

Skills

• In-depth experience managing Lloyd’s coverholder relationships and associated regulatory processes.
• Working knowledge of Lloyd’s Delegated Authority systems such as Atlas, DCOM, DAM, and Wordings Repository.
• Strong understanding of Coverholder and Bordereaux systems.
• Excellent verbal and written communication skills.
• Strong organisational skills with high attention to detail and accuracy.
• Ability to work independently and manage multiple priorities effectively.
• Strong stakeholder engagement and interpersonal skills.
• Ability to provide technical expertise and guidance on DUA business processes.
• Proactive problem-solving mindset.
• Ability to balance compliance requirements with operational delivery.

Software/Tools

• Lloyd’s systems: DCOM, DAM, Atlas, Wordings Repository
• Bordereaux management systems
• Microsoft Office Suite (Excel, Word, PowerPoint, Outlook)

Certifications & Standards

• Relevant professional qualifications (eg, CII) advantageous
• Knowledge of Lloyd’s regulatory framework and Principles
• Understanding of FCA/PRA regulatory requirements related to delegated authorities