US Coverholder Auditor - Lloyd's Delegated Authority

Overview

This role supports audits of US coverholders on behalf of Lloyd’s managing agents, aligned to Lloyd’s audit framework and the LMA Coverholder Audit Scope. The position involves end-to-end delivery of each audit, from planning and fieldwork through to the final report.

An initial 6 month contract is available, with an immediate start. Work is remote, with travel to coverholder sites as required.

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, including 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 agreed deadlines.
• Support post-audit actions through to closure.

Requirements

• Strong knowledge of:
  • Lloyd’s delegated authority model
  • Lloyd’s coordinated audit framework
  • the 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, with willingness to travel to coverholder sites.

Preferred Qualifications

• US-based candidates, or those with experience of US coverholders (strongly advantageous).
• Spanish language skills (highly desirable).
• DCA or reinsurance audit experience.
• Experience using DAM and registration as a Lloyd’s auditor (advantageous).

Compensation & Benefits

• Initial 6 month contract.

Location

• Remote (US-based, or London-based delivering remotely), with travel to coverholder sites as required.