Assistant Manager – Delegated Authority (Loss Funds) 12M FTC

An exciting opportunity has arisen to be a key part of a leading and progressively growing London Market Insurer. Since 2010 they have acquired more than $14billion of liabilities, with $9.9billion of Lloyd’s business, and are actively continuing this growth.

They are actively seeking a 12 Month FTC for the Assistant Manager of Delegated Authority (Loss Funds) and the role will assist in developing and optimising the capital efficiency of the held loss funds without detriment to the payment of claims. The role will hold as a key part of the Finance and Claims teams, and will involve a lot of balance reporting, finance reconciliation, and surplus/account management. There will also be responsibility to manage one Delegated Team Associate who will be a direct report.

This opportunity comes with the chance to potentially become permanent within a company that can offer strong career progression, an exceptional working culture, and a highly competitive bonus and benefits package, which any FTC employee will be eligible for.

Prior history and knowledge of the Lloyd’s Insurance Market, systems, and knowledge is essential to be considered. Any management or team leadership experience would be an advantage but not entirely necessary.

Role & Responsibilities:

• Create and implement a documented Loss Fund Process within the business
• Harmonise the process within the technical balances of the company
• Monitor and report on the timely payment of delegated claims and resolve any payment issues
• Utilising data from ViPR to ensure that Loss Fund / FCP allocation is at optimum funding levels (i.e. sufficient monies to pay claims but not overstated)
• Implement Lloyd’s Faster Payment scheme in line with the department plan
• Act as company expert in this area and liaise with Lloyd’s as required
• Ensure timely and accurate data is recorded and anomalies to process are corrected to accord
• To identify and record previously unidentified Loss Funds and repatriate overstated loss funds to the benefit of the business