US Coverholder Auditor – Lloyd's Delegated Authority

Posted Nov 3

This is a fully remote position, open to applicants in United Kingdom, +1 more country.

πŸ“‹ Description

β€’ Oversee comprehensive audits of US coverholders for one or more Lloyd's managing agents, which includes Lloyd's coordinated audits, achieving approximately 2 full audits each month.

β€’ Analyze binding authority agreements and the audit scopes of managing agents, providing customized pre-audit information requests.

β€’ Perform both on-site and remote fieldwork, assessing underwriting, claims, governance, and controls in accordance with delegated authority terms.

β€’ Conduct wrap-up meetings with coverholder management to review preliminary findings.

β€’ Generate clear, evidence-driven audit reports utilizing a risk-based methodology, highlighting prioritized findings and recommendations related to delegated authority agreements.

β€’ Document findings in Lloyd's Delegated Audit Manager (DAM) within the established deadlines.

β€’ Assist in the closure of post-audit actions.


⛳️ Requirements

β€’ In-depth understanding of the Lloyd's delegated authority model, the Lloyd's coordinated audit framework, and the current LMA Coverholder Audit Scope and guidance notes.

β€’ Senior-level experience as an underwriter, claims manager, or delegated authority expert.

β€’ Demonstrated ability to produce clear and structured audit reports.

β€’ Self-assured in independently leading audits.

β€’ Willingness to travel to coverholder locations as necessary.

β€’ Preference for US-based candidates or those with experience working with US coverholders.

β€’ Proficiency in Spanish is highly desirable.

β€’ Experience in DCA or reinsurance audits is a plus.

β€’ Familiarity with using DAM is advantageous.

β€’ Registration as a Lloyd's auditor is beneficial.


🏝️ Benefits

β€’ Initial 6-month contract.

β€’ Immediate start available.

β€’ Remote working arrangement (either US-based or London-based while delivering remotely).

β€’ Travel to coverholder sites as needed.

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