US Coverholder Auditor - Lloyd's Delegated Authority

G MASS

6d • Remote

About The Position

G MASS Consulting is partnered with a leading global insurance services group seeking 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 audits, from planning and fieldwork through to final reporting, using the Lloyd's audit framework and LMA Coverholder Audit Scope. The client seeks a seasoned delegated authority professional, ideally with an underwriting or claims management background, who can evidence every finding against the binding authority agreement. The role involves approximately two full audits per month.

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.
• Willingness to travel to coverholder sites.

Nice To Haves

• US-based candidates or candidates with experience of US coverholders are strongly advantageous.
• Spanish language skills are highly desirable.
• DCA or reinsurance audit experience is advantageous.
• Experience using DAM is advantageous.
• Registration as a Lloyd's auditor is advantageous.

Responsibilities

• Lead end-to-end audits of US coverholders on behalf of one or more Lloyd's managing agents, including Lloyd's coordinated audits.
• Review binding authority agreements and managing agents' audit scopes, and issue tailored pre-audit information requests.
• Conduct on-site and remote fieldwork, testing underwriting, claims, governance, and controls against delegated authority terms.
• 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 linked to the delegated authority agreement.
• Record findings in Lloyd's Delegated Audit Manager (DAM) within agreed deadlines.
• Support post-audit actions through to closure.

What This Job Offers

• Career Level: Senior
• Education Level: No Education Listed