Claims Delegated Authority Analyst

MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.
As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.
Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.
Claims Delegated Authority Analyst
We are looking to employ a Claims Delegated Authority Analyst to be based in London and to work with us on a Full-Time basis.
If you’d like to work within a growing and collaborative team atmosphere where you can make difference, we’d love to hear from you.
The Role
Onboarding of new and existing claims DA
Creation of claims DA agreements
Oversight of claims DA performance
Responsible for claims DA reporting
Responsible for claims DA system upkeep
Assisting claims DA manager with any project work
Liaison with the necessary key stakeholders for claim audits and reviewing reports
Assisting claims DA manager with maintaining oversight of claims DA loss funds
Assisting claims DA manager with the upkeep of Lloyd’s and Munich DA practices
Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC) , ExCo and Board for Conduct Risk.
You are required to comply with the PRA and FCA conduct rules:
What we are looking for
You to take a proactive approach to the management of delegated claims and look to uphold a quality claims service. To take account of applicable regulatory requirements.
Key Skills & Experience
Good knowledge and understanding of:
Underlying Principles of Insurance;
Legal Principles;
FSA and rules and regulations;
Lloyds regulations;
Good knowledge of claims delegated authorities
Good knowledge of Lloyd’s Standard Claims Reporting template (version 5.2)
Good knowledge of market strategies
All firm specific procedures that relate to own role;
Demonstrate growing understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm.
Willingness to continue to develop knowledge of policies, underwriting and related issues through formal and informal learning, both internally and externally to the firm.
Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all sig`1nificant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.
Qualifications
2 years of insurance experience (desirable)
Your career with us
At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!
Diversity & Inclusion
Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.
Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.
#J-18808-Ljbffr