Binding Authorities/Underwriting Co-ordinator
- Location:
- City jobs
,
London jobs
- Salary:
- £28000 - £40000 per annum + excellent benefits
- Company:
- Taylor James Resourcing
- Job type:
- Permanent jobs
- Date posted:
- 06/11/2009 12:10
- Job id:
- 45877507
- Contact:
- Jeff Carr
- Ref:
- Totaljobs/JC/BADA
A Lloyds Underwriters seeks a person with experience in binding authorities or classes of business where these contracts are commonplace, to work as a Delegated Underwriting Co-ordinator. This role will require liaison with underwriters, claims, internal management as well as brokers, coverholders and Lloyd's. Negotiation skills required to ensure information can be collated in a timely fashion and coverholder auditors fees can be managed. Progression towards ACII is desirable.
Primary Purpose of Job:
To co-ordinate the process of managing Delegated Underwriting including the pre-bind coverholder diligence process as well as managing audits of coverholders and third party claims adjusters and the maintenance and development of the in-house delegated underwriting system.
Manage the pre-bind vetting process for all potential new coverholders and annually for existing coverholders on binding authorities. This will include Liaison with Lloyd's to approve any new coverholders.
Liaise with underwriters, and where appropriate brokers and coverholders to ensure relevant information is provided in sufficient time to allow vetting process to occur.
Diary and resolve any outstanding issues from the vetting process, including chasing underwriters / brokers / coverholder where relevant.
Manage the usage of and any improvements to the in house Delegated Underwriting Management System in conjunction with underwriters, claims and M.I. teams
Work with underwriters to co-ordinate and manage audits of coverholders and third party claims adjusters in line within the audit timetables
Diary actions from audits and follow up with underwriters / brokers / coverholder to ensure satisfactory conclusion
Manage the panel of approved auditors to ensure value is achieved from the audit timetable.
