Role: Underwriting Assistant

Location: Chicago

Date: August 2022

The Role:

Support the Underwriters with Property, Casualty, Inland Marine, Commercial Auto and Homeowners business written via Binding authorities issues to a network of MGAs

Responsibilities will include:

• Maintain Underwriting files

• Assist in preparation of all necessary contract documentation for referral, new and renewal business.

• Assist with the maintenance of Underwriting manuals and other underwriting materials under direction of the Underwriting team.

• Analyze monthly Bordereau reports. This includes identifying risks outside contract guidelines and working with the MGAs to rectify.

• Conduct internal Underwriting File Audits and produce reports where necessary.

• Monitoring and the underwriters workloads and reporting to ensure all risk records are completed within the time frame within the underwriting guidelines.

• Monitor the units income position

• Weekly/ monthly/ annual reporting including preparing data for weekly and divisional meeting, reinsurance and any ad hoc management reporting requests.

• Maintain Underwriting team meeting agendas, minutes and action point follow-up.

• Collaborate with Actuary, Claims Manager and IT Manager in ongoing testing of new rating software.

• Manage various short and long term projects as assigned by Senior Underwriters.

• Responsible for administrative duties as needed to assist the Underwriting department.

• Manage various short and long term projects as assigned by Senior Underwriters.

  1. Reinsurance Aggregation Project

  2. Auto submissions

  3. MGA contact list construction

  4. Wildfire monitoring and filing update reports.

  5. Filling and reviewing inspections.

  6. ERX rate project

  7. Internal underwriting audits

  8. KYC and BDX

  9. Sprinkler and Special Acceptance (ArchRe)

Essential Skills & Experience:

• A small amount of Insurance experience is preferable but not essential

• High level of understanding of Excel including tasks such as pivot tables Proficiency in basic mathematical skill, including the ability to compute ratios and percentages

• Ability to interpret and create graphs and tables from large volumes of data

• Feel confident in ability to articulate findings in writing and in person both internally and externally

• Interpret written guidelines for Underwriting rules and apply to real life scenarios

• Strong communication skills

• Organized, methodical quick thinker.

• Demonstrable problem-solving abilities

• Ability to work and learn with a sense of urgency in a fast-paced environment

• Have accountability for assigned tasks

• Desire to expand knowledge within the industry via professional exams

About Canopius

Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyds of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.

At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.

Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.

We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. Canopius market-leading proposition offers financial, physical, social and psychological health and wellbeing benefits to ensure we create a working experience which gives everyone the freedom to do their best work.

We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.

We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.

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