Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.
We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.
The Role
We are recruiting for a Delegated Authority (DA) Junior Business Partner to join us on a 12 month Fixed-Term Contract!
The DA Junior Business Partner will work alongside an existing team of DA Business Partners in London and DA Operations team in India. They will be supporting the full Cover holder due diligence and onboarding process, whilst supporting with bordereaux resolution, audit and general administrative tasks
Our Aspen Values are expected to be reflected in the delivery and performance of every role
Key Accountabilities
Support the end-to-end Cover holder on-boarding process, ensuring adherence to Lloyd's minimum standards and internal governance
Working with the Bordereau Analysts for the initial escalated BDX issues, escalating to Business Partner where required
To maintain and update records in Atlas, DAM and other market / Lloyd's systems
Assist in the production of MI and reports for Business Partner Management
Liaise with Underwriters, Cover holders and Brokers when issues arise, escalating to DA Business Partners in the first instance
Assist in Aged debt projects where required
Support the Audit Business Partner with the audit process, including use of the BDX and Lloyd's DAM systems
Ensuring effective communication is maintained with all parties involved
To gain an understanding of the delegated authority contracts to ensure that appropriate terms are in place, working with Underwriters, Claims team, Brokers and Cover holders
Records and monitors relevant information to ensure accuracy, good practice and adherence to prescribed standards
Ensures own awareness of organisation goals and regulatory/legislative requirements is current and relevant; and is proactive in reviewing, analysing and providing feedback to help maintain compliance and effectiveness of processes while minimising risk
To remain up to date with the binder approval process to ensure compliance with Aspen, Lloyd's and FCA requirements relating to claims service and Conduct Risk
Ensures entries are properly and promptly recorded on relevant systems to ensure accuracy of data
To assist the Conduct area in operating product oversight procedure for delegated authority business
To support in analysis of monthly team reporting
Support where required in the conduct risk process
Support in the query management and liaison with offshore team members in the completion of delegated authority administration
Collaboration with team members and working with the business and its third parties in a positive way
Develops knowledge of standard procedures and processes and will influence the development of these to improve efficiency
Knowledge, Skills and experience
Delegated Authority experience
Familiarity with Lloyd's market operations processes, including changes to bordereau data and processing requirements
Keen eye for detail, able to navigate detailed reports and summarise the key information for management
Strong communication skills, with internal and external stakeholders
Understanding of Lloyd's and London Insurance Market
At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.
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