Delegated Authority Analyst

Do you have Delegated Authority and Binding Authorities/Agreements experience?

Do you have a broad understanding of the Lloyd’s and London insurance markets?

This is a hybrid role with the flexibility to work both virtually and from our Chelmsford, London or Redhill office

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Owning the Contract renewals for specific Structured Portfolio Solution (SPS) agreements within AUM, working with the Delegated Authority Business Partners to ensure that progress is communicated to key stakeholders.

• Establish position as the SPS liaison point for brokers and other key stakeholders for specific SPSs.

• Supporting discussions with Delegated Authority teams in our capacity providers to ensure they are kept up to date with plans and changes in advance of renewals or during negotiation of changes and to understand their needs.

• Accurate drafting of Delegated Authority Agreements and endorsements as required.

• Assisting in the drafting and analysis of Aon Delegated Authority Agreement templates.

• Liaising with all internal stakeholders who are accountable for servicing the SPS and meeting our contractual requirements (underwriters, fiduciary functions, claims, brokers, reporting team etc.) to ensure that the appropriate steps are being followed to ensure that all new and development SPS opportunities can be measured, assessed, and supported.

• Support Underwriting teams in articulating performance of SPSs to carriers, by holding quarterly review calls across all SPSs.

• Assist with the analysis of the portfolio to gain insight into existing SPSs with Underwriting managers, drawing conclusions and findings to be presented to drive growth.

• Supporting SPS product owners in meeting our contractual requirements and escalating where risks and issues as they occur.

• Ensure that appropriate governance is in place across SPSs and agreed processes are followed.

• Support Aon Underwriting Managers Leadership’s objectives including implementation of process improvements, IT systems and other projects that improve client delivery and reduce operational costs including the increased use of automation, systems integration and e-commerce.

  How this opportunity is different

  The Delegated Authority Solutions team focus on maintaining and crafting solutions for complex placements and drafting outstanding Agreements, working with Lloyd's, the LMA and carriers’ Delegated Authority Teams. This could be through the development of an existing product to a greater level of authority (e.g. converting a Lineslip into a Binding Authority) or identifying an area of a portfolio that could benefit from the efficiencies that a Structured Portfolio Solution can offer. We are a hub with specific technical and binding authority expertise, enabling growth in Aon’s cover holder network through insight driven risk transfer advice and market solutions.

  Skills and experience that will lead to success

• A sound understanding of Delegated Authority, Binding Authorities and Agreements and core insurance processes.

• Broad understanding of the Lloyd’s and London Market Insurance.

• Sound understanding of London insurance market dynamics and core processes.

• Technical insurance knowledge around the management and placement of delegated business.

• Expertise to provide solutions to complex requirements.

• Understanding of compliance and FCA regulation.

  How we support our colleagues

  In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

  Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

  Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

  Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

  We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com

  #li-ss2

  2540118

  Delegated Authority Analyst

  Do you have Delegated Authority and Binding Authorities/Agreements experience?

  Do you have a broad understanding of the Lloyd’s and London insurance markets?

  This is a hybrid role with the flexibility to work both virtually and from our Chelmsford, London or Redhill office

  Aon is in the business of better decisions

  At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

  What the day will look like

• Owning the Contract renewals for specific Structured Portfolio Solution (SPS) agreements within AUM, working with the Delegated Authority Business Partners to ensure that progress is communicated to key stakeholders.

• Establish position as the SPS liaison point for brokers and other key stakeholders for specific SPSs.

• Supporting discussions with Delegated Authority teams in our capacity providers to ensure they are kept up to date with plans and changes in advance of renewals or during negotiation of changes and to understand their needs.

• Accurate drafting of Delegated Authority Agreements and endorsements as required.

• Assisting in the drafting and analysis of Aon Delegated Authority Agreement templates.

• Liaising with all internal stakeholders who are accountable for servicing the SPS and meeting our contractual requirements (underwriters, fiduciary functions, claims, brokers, reporting team etc.) to ensure that the appropriate steps are being followed to ensure that all new and development SPS opportunities can be measured, assessed, and supported.

• Support Underwriting teams in articulating performance of SPSs to carriers, by holding quarterly review calls across all SPSs.

• Assist with the analysis of the portfolio to gain insight into existing SPSs with Underwriting managers, drawing conclusions and findings to be presented to drive growth.

• Supporting SPS product owners in meeting our contractual requirements and escalating where risks and issues as they occur.

• Ensure that appropriate governance is in place across SPSs and agreed processes are followed.

• Support Aon Underwriting Managers Leadership’s objectives including implementation of process improvements, IT systems and other projects that improve client delivery and reduce operational costs including the increased use of automation, systems integration and e-commerce.

  How this opportunity is different

  The Delegated Authority Solutions team focus on maintaining and crafting solutions for complex placements and drafting outstanding Agreements, working with Lloyd's, the LMA and carriers’ Delegated Authority Teams. This could be through the development of an existing product to a greater level of authority (e.g. converting a Lineslip into a Binding Authority) or identifying an area of a portfolio that could benefit from the efficiencies that a Structured Portfolio Solution can offer. We are a hub with specific technical and binding authority expertise, enabling growth in Aon’s cover holder network through insight driven risk transfer advice and market solutions.

  Skills and experience that will lead to success

• A sound understanding of Delegated Authority, Binding Authorities and Agreements and core insurance processes.

• Broad understanding of the Lloyd’s and London Market Insurance.

• Sound understanding of London insurance market dynamics and core processes.

• Technical insurance knowledge around the management and placement of delegated business.

• Expertise to provide solutions to complex requirements.

• Understanding of compliance and FCA regulation.

  How we support our colleagues

  In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

  Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

  Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

  Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

  We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com

  #li-ss2