Lead end-to-end audits of US coverholders for Lloyd’s managing agents, including audit planning, fieldwork, testing underwriting, claims, governance, and controls against delegated authority agreements. Conduct wrap-up meetings, produce evidence-based risk-focused reports, record findings in Lloyd’s Delegated Audit Manager, and support corrective actions through closure. The role is remote with required travel to coverholder sites and requires strong delegated authority expertise, preferably from underwriting, claims, or audit.
G MASS Consulting are partnered with a leading global insurance services group, as they seek an experienced Coverholder Auditor to deliver audits of US coverholders on behalf of Lloyd's managing agents.
The role covers end-to-end delivery of each audit, from planning and fieldwork through to the final report, against the Lloyd's audit framework and the LMA Coverholder Audit Scope. The client requires a seasoned delegated authority professional, ideally an ex-underwriter or claims manager, who can evidence every finding against the binding authority agreement.
Responsibilities
- Lead end-to-end audits of US coverholders on behalf of one or more Lloyd's managing agents, including Lloyd's coordinated audits, delivering approximately 2 full audits per month.
- Review the binding authority agreement and the managing agent's audit scope, and issue tailored pre-audit information requests.
- Conduct on-site and remote fieldwork, testing underwriting, claims, governance and controls against the terms of the delegated authority.
- Hold wrap-up meetings with coverholder management to discuss initial findings.
- Produce clear, evidence-based audit reports using a risk-based approach, with prioritised findings and recommendations to reduce risk and improve efficiency, linked back to the delegated authority agreement.
- Record findings in Lloyd's Delegated Audit Manager (DAM) within the agreed deadlines, and support post-audit actions through to closure.
Requirements
- Strong knowledge of the Lloyd's delegated authority model, the Lloyd's coordinated audit framework, and the current LMA Coverholder Audit Scope and guidance notes.
- A senior background as an underwriter, claims manager or delegated authority professional.
- Proven ability to write clear, structured audit reports.
- Confidence leading audits independently, with willingness to travel to coverholder sites.
- US-based candidates, or those with experience of US coverholders, are strongly advantageous.
- Spanish language skills are highly desirable; DCA or reinsurance audit experience, use of DAM and registration as a Lloyd's auditor are advantageous.
Benefits
Length: Initial 6 month contract
Start: Immediate
Office: Remote (US-based, or London-based delivering remotely), with travel to coverholder sites as required
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