Role Overview & Mandate
Executive Summary
AuditorJob purpose:The Auditor will be responsible for organizing audits of Lloyd's Coverholders with Delegated...
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Auditor
Job purpose:
The Auditor will be responsible for organizing audits of Lloyd's Coverholders with Delegated Authority Agreements and Third Party Administrator (TPA) Reviews in Canada and the USA. This will include audit preparation, on-site fieldwork, drafting of the audit report and resolution of audit findings. Note: This is not an administrative position or financial auditing role.
Key responsibilities, duties and tasks:
- Communicate promptly and effectively with relevant parties (Managing Agents, London Brokers, Coverholders (Canadian/USA Insurance Brokers) and Third Party Administrators) regarding scheduling, due diligence information required and file selection for the review.
- To plan, organize and carry out audits as per the Arch.Audit Plan. The audits focus on the processes and controls in all areas of the Coverholder/TPA including policy underwriting, finance and reporting, claims (where applicable), I.T, governance and compliance. To carry out appropriate due diligence / on-boarding processes as may be requested to ensure the suitability of potential new business.
- Ensure audit issues are identified, communicated and reported accordingly.
- Quality report composition post review including finalizing and collating reports as per varying client SLA deliverables and company requirements.
Key skills and experience:
- Strong grammar and writing skills (English)
- University degree, insurance qualifications or and equivalent professional experience.
- Minimum 3-5 years insurance experience in Claims Adjusting/Examining or Underwriting/Broker.
- A good understanding of P&C underwriting or claims.
- Knowledge of regulatory environment surrounding insurance products
- Above average use of IT systems
- Confident communicator - high functioning level of business writing in English
- Ability to travel internationally to assist other territories is crucial.
Job Type: Full-time
Schedule:
- Monday to Friday
Job Type: Full-time
Salary: From £60,000.00 per year
Work Location: In person
