US Coverholder Auditor - Lloyd's Delegated Authority

G MASS

7d • Remote

About The Position

G MASS Consulting is partnered with a leading global insurance services group seeking an experienced Coverholder Auditor to audit US coverholders on behalf of Lloyd's managing agents. The role is responsible for end-to-end audit delivery, from planning and fieldwork through final reporting, in accordance with the Lloyd's audit framework and the LMA Coverholder Audit Scope. The successful candidate will be a seasoned delegated authority professional, ideally with an underwriting or claims management background, able to evidence every finding against the binding authority agreement. The role involves approximately two full audits per month. It is an initial six-month contract, starting immediately. The position is remote for US-based or London-based candidates, with travel to coverholder sites as required.

Requirements

• Strong knowledge of the Lloyd's delegated authority model, the Lloyd's coordinated audit framework, and current LMA Coverholder Audit Scope and guidance notes.
• Senior background as an underwriter, claims manager or delegated authority professional.
• Proven ability to write clear, structured audit reports.
• Confidence leading audits independently and 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, use of DAM and registration as a Lloyd's auditor are 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, delivering approximately two full audits per month.
• Review the binding authority agreement and 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 to the delegated authority agreement.
• Record findings in Lloyd's Delegated Audit Manager (DAM) within agreed deadlines and support post-audit actions through to closure.

What This Job Offers

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