Coverholder Oversight Assistant
Primary stack
Job description
About the Position
Coverholder Oversight Assistant
Location: London, United Kingdom
Job type: Full-Time
Work mode: Hybrid
Job ID: 13980
Company: Munich Re Specialty - North America
Employment type: Regular
Area of expertise: Audit, Compliance & Legal
About the Role
Bell & Clements is a specialist insurance company offering expertise in underwriting, broking, and capacity management provisions for Excess and Surplus (E&S) lines insurance solutions. As part of the Munich Re Group since 2007, Bell & Clements provides industry-leading technology solutions and benefits both customers and in-house processes. The Coverholder Oversight Assistant will support the Coverholder Oversight team in managing relationships with coverholders and ensuring compliance with delegated authority agreements.
Responsibilities
- Support the preparation and delivery of regular reports to different B&C boards and committees.
- Assist with the initial collection and collation of due diligence information for prospective new Coverholders.
- Review due diligence information obtained, identify shortfalls, and communicate with prospective Coverholders for full and satisfactory information.
- Complete Lloyd’s Atlas Coverholder applications.
- Help complete post-approval changes in Atlas, including new classes of business, Atlas relationships, key staff, ownership/name changes.
- Perform due diligence checks before a delegated authority renewal, ensuring annual compliance, E&O/PI, financials, and licenses are current.
- Collaborate with Coverholders to maintain necessary compliance information.
- Help with the oversight of existing Coverholders to ensure they remain compliant with insurer requirements.
- Abide by the policies and procedures of Bell & Clements Ltd.
- Assist in the scheduling and management of external audits of B&C’s sub-delegated Coverholders and TPAs.
- Assist with the management of recommendations resulting from Coverholder, Underwriting, and TPA audits.
- Be responsible for the onboarding process of new producing brokers, Insurers, and other applicable parties.
- Be responsible for the account opening process for producing brokers, insurers, and other applicable parties for internal systems.
Requirements
- Experience of both Lloyd’s and London market is preferred.
- Experience overseeing Coverholder compliance.
- Competent using computerized systems and standard software.
- Team player and willing to engage with other areas of the business.
We Offer
- Permanent position
- Annual salary dependent on skills and experience
- 25 days of annual leave per year (not including bank holidays), increasing with length of service
- Health & Wellbeing benefits including private medical insurance, Digital GP service, and an allowance for health and wellbeing activities
- Hybrid and remote working options with a bookable office desk space
- Flexible working hours
- Professional Qualification Support (discretionary)
- Warm and social culture with regular team get-togethers
About the Company
Bell & Clements is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, transgender status, religion or belief, marital status, or parental status. Munich Re, including Bell & Clements, is committed to building a diverse and inclusive work environment.
Apply Now
If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
© Munich Re. This job description was sourced from the employer's public career page. TheJob is not the employer — we index the posting and route candidates to the source. All content rights and hiring decisions belong to the employer.