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Job Description

Great opportunity to join the growing compliance function of this leading re/insurance firm. This role will provide technical support to the business on Lloyd's requirements in relation to contract certainty and tax and regulatory matters pertaining to underwriting and claims activity.

Key Responsibilities:

  • Maintain a process to ensure that our contract certainty procedures remain compliant with current market practice
  • Ensure that each underwriting team has a contract certainty checklist that reflects the current working practices in their team and accords with market standards.
  • Monitor adherence by underwriting teams to contract certainty standards
  • Report MI to controls governance group against agreed metrics
  • Validate underwriting systems to ensure that contract certainty is being adhered to where bind and quote production is automated.
  • Provide advisory role to the business on contract certainty requirements pre and post bind
  • Monitor contract certainty processes for quality control by sampling risks written.
  • Provide feedback to relevant underwriters on individual risks and agree action required to re mediate any errors found.
  • Ensure remediation is followed up
  • Prepare and deliver materials on training of contract certainty, both one to and group training sessions.
  • Contribute to projects for development of new lines of business or new automated systems to ensure contract certainty is correctly captured at the outset.
  • Evaluate effectiveness post implementation
  • Provide a regular report to the controls governance group on contract certainty.
  • Assist underwriters in determining the correct application of tax and regulatory matters relating to the underwriting of risks
  • Evaluate and apply the information held on Lloyd's Crystal website
  • Undertake research and analysis to validate assumptions as necessary
  • Establish rapport and co-ordination with Lloyd's International Regulatory Affairs team
  • Monitor tax and regulatory processes for quality control by sampling risks written.
  • Provide feedback to relevant underwriters on individual risks and agree action required to re-mediate any errors found.
  • Ensure remediation is followed up
  • Prepare and deliver materials on training of tax and regulatory requirements, both one to and group training sessions.
  • Contribute to projects for development of new lines of business or new automated systems to ensure tax and regulatory requirements are correctly captured at the outset.
  • Evaluate effectiveness post implementation
  • Provide a regular report to the controls governance group on tax and regulatory matters

Experience & knowledge required:

  • Educated to 'A' level/High School graduate or equivalent
  • Professional secretarial qualifications desirable
  • Proven Lloyd's insurance and regulatory experience
  • Experience of London Market Reform Office best practice guidance
  • Experience of understand and applying tax and regulatory on Lloyd's Crystal database
  • Experience of working with people across multiple locations
  • Strong communication skills, both verbal and written
  • Advanced in all Microsoft Office programs.
  • Interpersonal skills
  • The ability to manage time, meet deadlines and prioritise
  • Excellent understanding of organisational processes
  • Accurate and numerate

Eames Consulting is acting as an Employment Agency in relation to this vacancy.