DUA Audit Analyst

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Role Summary and Purpose

• To support the Delegated Underwriting Authority Audit Manager in overseeing the coverholder audit function of Arch UK

Key Tasks And Responsibilities

• Assist in maintaining the coverholder audit schedule
• Assist in the scheduling and scoping of audits
• Assist in the review of audit reports and identifying required follow up actions to be issued to the coverholder
• Monitor the timely receipt of audit reports and record their findings and recommendations in Arch internal systems and Lloyd’s Delegated Audit Management system where required
• Manage the DUA Audit mailbox
• Liaise with internal and external stakeholders to ensure remediation of findings and recommendations, updating Arch and Lloyd’s systems to assist with monitoring progress
• Maintain Arch approved auditors list and associated auditor Terms of Business Agreements
• Maintain the Arch coverholder and binding authority management system
• Liaise with Arch Compliance team where High Conduct Risk products are sold under binding authority arrangements

Role Requirements & Skills

• An understanding of delegated authority contracts and the governance process around these
• Prior experience undertaking audits and/or reviewing audit reports desirable
• MS Office, Excel intermediate
• Demonstrated project management skills
• Excellent communications skills, both verbal and written
• Strong interpersonal and team working skills
• Ability to review significant quantities of information, identifying and extracting key issues

Qualifications

• Degree level education preferred, “A” Level education minimum or equivalent relevant professional qualification
• Strong analysis and data processing skills
• Knowledge of Lloyd’s structure and policies in delegated underwriting

Experience

• At least one year’s experience working within delegated authorities, preferably within a delegated underwriting team.

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14101 Arch Europe Insurance Services Ltd