Delegated Authorities Technician

Oneglobal Broking Limited; City of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A commercial insurance broker is seeking an enthusiastic individual to join their Delegated Authorities team in London. This role involves managing a portfolio of delegated authority accounts, assisting with document preparation, and ensuring compliance with regulatory standards. Ideal candidates should possess knowledge of the (re)insurance market and demonstrate strong communication skills. This position offers personal career progression in a supportive environment.

Qualifications

• Knowledge of delegated authorities or binding authorities.
• Strong communication and interpersonal skills.
• Ability to work accurately and with attention to detail.

Responsibilities

• Assist in the creation of global binding authority agreements.
• Manage the placement process for delegated authority.
• Draft client coverage documents and maintain accuracy.

Skills

Knowledge of the (re)insurance market

Good communication and interpersonal skills

Attention to detail

Well organized and able to multi-task

Team player

Education

Preferably ACII qualified or working towards ACII qualification

Job description

About Us

On a mission to reinvigorate broking. Oneglobal is a commercial insurance and reinsurance broker set up with the singular focus of improving the way in which businesses around the world manage risk via insurance.

We think broking needs a refresh, and that our approach builds that foundation. We have ambitious plans for the future and are looking to grow our talented team. If you would like to find out more about Oneglobal, please visit our website or our LinkedIn page.

Job Purpose

We have a fantastic opportunity for an enthusiastic individual to join our Delegated Authorities team. The team operate in a fast-paced, client facing and dynamic environment with a clear focus on delivering client excellence.

This is an exciting opportunity to be part of and shape Oneglobal’s growing international network of offices. The successful candidate will support the effective management of a portfolio of delegated and binding authority accounts and will assist with the placement of new and renewal business, provide ongoing oversight of delegated arrangements, and ensure adherence to all regulatory, contractual, and governance requirements. This position offers the opportunity to contribute to a dynamic and expanding team while developing expertise in delegated authority business.

The role is based in our London office on a permanent basis and is an exciting opportunity to play a key role working collaboratively with our broking teams and network of global offices, enabling a great balance of personal career progression, involved in varied classes of emerging market businesses and international client exposure. The role will be operating in an inclusive culture with a supportive environment to learn on the job and develop your skillset.

Key Accountabilities

• Assist in the timely creation and preparation of global binding authority agreements, endorsements and client documentation (slip production, wording, clauses knowledge) and Coverholder reports.
• Assist with managing the end-to-end placement process for delegated authority and open market business.
• Support drafting (in a timely manner) of client evidence of coverage to include Cover Notes, Addenda, Debit/Credit Notes and all related documentation and with guidance produce Monthly Bordereau and Statistics.
• Ensures internal paper & electronic systems, databases and workflows are maintained and updated and meet Contract Certainty and regulatory guidelines.
• Under direction, uses OGB’s Broking Systems to produce documents and accounting entries and ensure their accuracy; submits Slips and LPAN’s to Bureau (XIS) for signing. Will make use of London Market based portals to facilitate their role, such as, but not limited to; XIS Insurance Portal and the IMR, Atlas, DCOM, Whitespace as well as Lineage.
• Assist with ensuring all global queries, data requests and resolution of queries are dealt with promptly to ensure client satisfaction.
• Working towards developing business relationships with global markets, Coverholders, Insurers, Underwriters and colleagues to provide optimal service to clients.
• Ensure compliance with all relevant regulatory standards (e.g., FCA, Lloyd’s, and company procedures).

Skills & Knowledge

• Good knowledge of the (re)insurance market specifically within delegated authorities or binding authorities in order to address client and technical issues.
• Good communication and interpersonal skills.
• Accurate and good attention to detail.
• Work with guidance within agreed procedures and processes.
• Well organised and able to prioritise and multi-task.
• Preferably ACII qualified or working towards ACII qualification.
• Team player and willing to work flexibly and assist colleagues as required.

Our goal

Our clients are at the forefront of everything we do. As an employee of Oneglobal your contributions matter and drive us towards our ambitious plans for the future. We believe our open working culture will see passionate and enthusiastic people join us to grow the business together and enable us to become an employer of choice.

Oneglobal is committed to being an equal opportunities employer, ensuring that all employees, prospective employees and clients are treated fairly and with respect and integrity. Please let us know if you require any reasonable adjustments at any point in the application or interview process.