Coverholder Audit Assistant

Axis

Coverholder Audit Assistant

Salary Not Specified

Axis, Aldgate, City and County of the City of London

  • Full time
  • Permanent
  • Onsite working

Posted 3 weeks ago, 29 Aug | Get your application in now before you miss out!

Closing date: Closing date not specified

job Ref: bbb73d8e7e3e4481b5830b14376f7a57

Full Job Description

The role supports the Coverholder Audit Manager and the Head of Delegated Underwriting Operations in ensuring appropriate management and oversight of AXIS' Coverholder Audit function for all business written into AXIS via Coverholder and MGA arrangements.

What will you do in this role?

  • Ensure Adherence to the AXIS DUA procedures manual in relation to Coverholder Audits.

  • Ensure appropriate and accurateplanning and scoping of coverholder Audits for AMAL & ASE.

  • Assist and provide guidance to underwriting teams in relation to Coverholder audits and ensuring compliance with Lloyd's Minimum Standards and AXIS' Coverholder audit procedures.

  • Liaise with relevant external stakeholders such as Lloyd's, Coverholders, Brokers, Managing Agents as well as all appropriate internal stakeholders (Underwriters, Delegated Claims, Conduct Risk and Compliance).

  • Develop and enhance strong working relationships with our external Coverholder auditors.

  • Analyse and process Coverholder Audit Reports ensuring that any recommendations/findings are identified, resolved and/or escalated as appropriate.

  • Monitor all outstanding recommendations whilst working with stakeholders to ensure compliance.

  • Provideappropriate MI reporting and exception reporting around Coverholder Audits.

  • Maintain auditor due diligence documentation as well as undertaking due diligence on new auditors.

  • Maintain accurate Dynamics records for all Coverholder Audits undertaken ensuring the capturing of all relevant information.

  • Assist with the onboarding of US MGA audits as they come into scope.

  • Assist the Coverholder Audit Manager and Head of Delegated Underwriting Operations in identifying and implementing any operational or IT enhancements to the Coverholder audit procedures.

  • Represent AXIS on any appropriate Lloyd's Audit market meetings/forums.


  • You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

    We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

    What you need to have:

    Strong customer service and administrative skills

    Excellent communication and interpersonal skills

    Ability to build trust by operating with integrity and professionalism

    Ability to multitask and manage conflicting priorities

    Ability to use initiative and to be proactive

    What we prefer you to have:

    An educational degree

    An understanding of the London Insurance Market

    Previous experience (1+yrs) of Delegated Authority business

    This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

    At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

    You will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.