Title: Delegated Underwriting Authority (DUA) Analyst
Company: Everest Advisors (UK), Sucursal En España
Job Category: Compliance Oversight
Job Description: Everest is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in Europe, Bermuda, Canada, Singapore, the US, and other territories.
Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture.
Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management.
But the most critical asset in this organization is our people.
Everest is a growth company offering Property, Casualty, and specialty products among others, through its various operating subsidiaries located in key markets around the world.
Everest has been a global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service, and customized solutions.
Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers.
Role Purpose: The Delegated Underwriting Authority (DUA) Operations team at Everest is looking for a DUA Analyst to join the growing division and to be based in Madrid.
The fundamentals of the team are to support the pre and post-bind functionality of business processes and procedures, administration, and analysis around the oversight and governance of Delegated Authority (DA) facilities, including bordereaux receipts across Everest platforms, ensuring the business has been processed in compliance with regulatory minimum standards.
Whilst the individual will be based in Madrid, they will initially support the UK&I business; as we grow, there will be an opportunity to support broader markets.
Key Responsibilities:
1. Management of bordereaux receipts.
2. Administration of initial bordereaux map within internal Everest bordereaux management system and delegation of all further maps to Everest's Third Party administrator.
3. Answering bordereaux queries from internal colleagues and third-party administrator.
4. Management for retrieval of both internal and external sources for missing bordereaux.
5. Ensuring data quality and all regulatory requirements are met with data ingestion of bordereaux.
6. Ensuring adherence to Employers Liability Insurance Regulation on Bordereaux format.
7. Dealing with queries from underwriters and other internal stakeholders.
8. Helping with Portal downloads for BDX.
9. Ownership of bordereaux information feeding into relevant Committee packs for all underwriting platforms.
10. Assist Underwriting Assistants and finance in managing Credit Control for DUA.
Key Accountabilities: Day-to-day responsibility of all incoming Risks written and Premium Bordereaux, as appropriate, and to work with third-party administrator to map and upload bordereaux as appropriate to bordereaux system.
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