Job Description

#wspiKey Accountabilities & Role Requirements:

To assist with Lloyd’s and Non-Lloyd’s coverholder applications (including Class of Business, Regional extensions, Branch office applications for Coverholders and Westfield Service Companies)
Preparation of renewal slips and endorsements in respect of Service Companies throughout the contract period.
Working with Underwriters and any other relevant stakeholders to structure, onboard, and manage Delegated Authority agreements; this includes Coverholders, Lineslips, Consortiums, Quota Share Treaty and Delegated Claims Administrator Agreements.
To co-ordinate workflows for Coverholder and Binder/Lineslip/Consortia Contract management including workflow processes and compliance reviews
To ensure lead contract risk assessments are completed in accordance with the risk criteria set
Produce statistics and reports when required including Control Packs and Committee papers on Due Diligence & Audit processes.
To review weekly workflow and carry out required Quality Assurance process
To be a point of contact for Brokers, Coverholders, DCAs, Auditors and Underwriters for any queries, chasing for outstanding information when required
Review of audit reports and distribution of relevant issues ensuring that recommendations are followed up and completed.
Follow up, and escalation of open audit recommendations to ensure completion in line with agreed service levels.
Maintain, update and circulate where required relevant information from Lloyd's, FCA, LMA or other local regulatory bodies and ensuring procedures are kept up to date as part of the due diligence and audit processes.
Assist on system testing and liaise with the IT and Business Change as and when required
Ad hoc tasks as required
Comply with all regulatory requirements for delegated underwriting and Westfield internal protocols and procedures

Attend market forums and workshops as and when required to stay abreast of ongoing regulatory and market changes

Preparing delegated governance reports for senior stakeholders, providing insights on key metrics on binder performance, KPIs, and SLAs.

Reviewing and tracking delegated arrangements from application through to renewal, ensuring a smooth process.

Working closely with internal teams to identify and implement process improvements, ensuring efficient oversight of delegated agreements.

Acting as a key point of contact for Underwriters, helping to answer queries and provide guidance on delegated authority matters.

Supporting the development of junior team members, sharing knowledge, and contributing to a collaborative team environment.

Skills & Competencies Required

Excellent attention to detail and a meticulous eye for identifying inconsistencies or inaccuracies in data entry or data outputs.
Strong stakeholder management experience, with the ability to build relationships within the business at all levels as well as with external parties as required.
Communication – ability to communicate well one-to-one and in small groups. Keeps others informed and updated, Ability to write clear, precise and well organised documents
Organisational Skills – ability to effectively prioritise, deliver on tasks and meet deadlines
A proactive and problem-solving mindset, with the ability to take ownership of tasks and work independently as well as working well as part of a wider team.
Strong experience in Delegated Authorities and good knowledge of Lloyd’s, FCA/PRA and other regulatory standards
Ability to act with due professional care, demonstrating sound integrity and confidentiality

Qualifications & Experience

Educated to at least A-Level; degree preferable
Relevant professional qualifications e.g. ACII or desire to work towards

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management. #wspi

About Us

Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd’s of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.

About The Team

Westfield Specialty International Culture

Our culture is centred around three core values:Excellence, focused on high performance, agility and embracing change;Ambition, where inquisitiveness, challenge and a bold approach is encouraged; andCollaboration, delivering shared goals through collective expertise,diversity of thoughtand transparency. All three are underpinned by Reward & Recognition,where people are supported & respected, and success is celebrated.

Equal Opportunity Employer

United States: All applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.

United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.

Senior Delegated Authority Analyst

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