Delegated Underwriting Authority Audit Manager

In good company.

Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty, Hamilton Select and Hamilton Re, each with dedicated and experienced leadership, provide access to diversified and profitable business around the world.

Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in London, Bermuda, the US and Dublin. We work collaboratively, we share a passion for the service and results we deliver, and we know that what we do each day is meaningful – to our customers and our business. We believe we are ‘In good company.’ with everyone we interact with.

We're looking for an

Delegated Underwriting Authority Audit Manager

Based in London reporting to the Head of Delegated Underwriting Authority, this role will be responsible for working across Hamilton to support continued compliance with the Company’s guidelines and standards set out within the Delegated Authority Framework along with Lloyd’s “Code of Practice.

What you will do

• Lead the Delegated Underwriting Authority Audit function to ensure Hamilton has an audit strategy that includes delegated underwriting technical reviews and operational audits of third parties that support the delegated underwriting process.
• Maintain approved auditor audit panel ensuring all TOBA’s are agreed and up to date.
• Organise Pre-Inception Audits as Hamilton are presented with new opportunities on new relationships and/or to extend existing operations.
• Maintain the Delegated Authority audit and review schedules ensuring participation in Lloyd’s co-ordinated audit activities.
• Maintain audit and review recommendations and follow up on remediation actions as required to ensure compliance with recommendations.
• Manage exceptions and report to Head of Delegated Underwriting Authority where appropriate.
• Ensure audits are managed and conducted in a competent, thorough and professional manner.
• Establish and maintain effective working relationships with relevant internal and external stakeholders.
• Provide general assurance to the business with respect to delegated business.
• Prepare and record overdue recommendations to enable escalation to Delegated Underwriting Working Group (DUWG) and Underwriting Committee where necessary Report and present findings to Delegated Underwriting Working Group.
• Manage oversee the Underwriting visit process.
• Train and assist DUA admin assistant in understanding the audit process.
  

Conduct Standards

• You must act with integrity
• You must act with due skill, care and diligence
• You must be open and cooperative with the CBI, FCA, the PRA and other regulators
• You must pay due regard to the interests of customers and treat them fairly
• You must observe proper standards of market conduct
•  You must act to deliver good outcomes for retail customers

What you require for the role

• audit experience within an insurance and/or reinsurance organization or public accounting firm.
• A strong desire to add value and succeed as a member of the DUA team and the ability to assume increased responsibilities within a dynamic and growing organisation.
• Excellent interpersonal & communication skills with the ability to function in a team environment.
• In depth understanding of Lloyd's Delegated Underwriting Audit process.
• In depth knowledge of Lloyd’s structure and policies in delegated underwriting.
• Understanding of Conduct Risk regulations and their application to the product review process.
• Demonstrated project management skills.
• Ability to analyse documents for completeness and exceptions.
• Open, innovative, and inclusive mindset
  

What you can expect from us

At Hamilton, we offer a vibrant, entrepreneurial and collaborative workplace shaped by our values: Be Smart, Be Sensible, Be Open and Be More.

Our employees consistently say they would recommend Hamilton as a great place to work — a testament to the inclusive, supportive, and empowering culture we’ve built together. We embrace individuality, value diverse perspectives, and recognise the unique contribution each person makes to our continued success.