Due Diligence Analyst

Assisting the program management team in completing due diligence assessments on UK and European program business opportunities and evaluating the performance of live programs. Other responsibilities will include supporting the due diligence team and management with internal reporting requirements and ad-hoc projects.

Key Responsibilities

- Performing research and assisting in the completion of due diligence reviews (including liaising with partners and travelling to client meetings where necessary).
- Developing a strong understanding of Accredited’s operational model and also that of the MGA’s Accredited works with (including but not limited to their underwriting and claims processes, financial performance and position, reporting capabilities and compliance framework).
- Acquire a good working knowledge of multiple classes of insurance (including but not limited to motor, property, financial lines, surety and after-the-event insurance).
- Liaise with and support colleagues in other business areas to help progress due diligence of new opportunities and renewing MGAs.
- Preparing documentation summarising Accredited’s due diligence findings that will be included in reports presented to Senior Management and Accredited’s regulator, the Malta Financial Services Authority.
- Present findings from their work to others, including the Head of Due Diligence.
- Assisting in the monitoring of existing programs, identifying concerning trends or issues and reporting findings to Management.
- Completing due diligence and preparing documentation to support the renewal of existing programs, analysing the historical and forecast performance of a range of MGAs.
- Maintaining project progress trackers and co-ordinating ongoing due diligence activities, adhering to the defined due diligence and project processes.
- Ensuring background checks are performed on Accredited’s counterparties, including financial reviews for perspective reinsurers.
- Assisting in the evolution and documentation of the Company’s due diligence procedures.
- Recording minutes and actions from internal and external, following up with the necessary parties to ensure the timely completion of assigned tasks.
- Managing and progressing multiple pieces of work simultaneously.
- Attending industry events and building relationships with Accredited’s external partners.
- Managing the renewal due diligence process to ensure all due diligence deliverables are completed in a timely manner
- To maintain compliance with any applicable UK or International statutory or regulatory obligation as required by the role. This includes but not limited to obligations arising from: The prudent management of the business.
- Placing due regard on the interests of customers.
- Observing rules on Sanctions and financial crime.
- Regulatory requirements and local licensing restrictions.
- Promoting and follow the Group’s whistleblowing procedures

Skills, Knowledge, Education & Expertise

- Clear understanding of the role of due diligence and processes involved.
- Strong research skills.
- Excellent communication skills – verbal and written.
- Strong analytical skills.
- Report writing skills.
- Attention to detail.
- Understanding of stakeholder relationships.
- Proficient with all Microsoft Office applications, particularly Excel and PowerPoint.
- Degree educated – business or finance related preferred but not essential.
- 2+ years’ experience in an insurance-related role, preferably with an accounting, risk or account management role and preferably with exposure to delegated authority business.