Programs Underwriter

Canopius; Chicago (IL); On-site; USD 100,000 - 140,000; Full time

Job summary

Canopius in Chicago is seeking an experienced underwriter to evaluate and underwrite Commercial Programs on a surplus-lines basis through MGA partnerships. The role involves reviewing submissions, complying with guidelines, and conducting audits.

The ideal candidate will have 3-7 years of underwriting experience and knowledge in various classes including Hospitality, Transportation, and Manufacturing. A competitive salary range of $100,000 to $140,000 is offered.

Qualifications

• 3-7 years of commercial underwriting experience.
• General knowledge in various categories of underwriting.
• Strong analytical and problem-solving skills.

Responsibilities

• Evaluate and underwrite Commercial Programs.
• Review individual submissions to MGAs for policy compliance.
• Conduct monthly and annual audits.

Skills

Commercial underwriting experience

Knowledge in Commercial Property/Liability/Auto/IM/MTC/Excess/Package Underwriting

Communication skills

Analytical and problem-solving skills

Ability to adapt and change

Job description

The Role

To evaluate and underwrite Commercial Programs, written on a surplus-lines basis via MGA partnerships on behalf of Canopius US Insurance (CUSI), in accordance with the approved business plan and defined personal authority limits.

Responsibilities

• Review individual submissions to MGA’s for policies that fall outside of their assigned authority levels.
• Comply with company policies and risk appetite.
• Adhere to Underwriting guidelines and contract terms such as risk limits, rates, and aggregate limits.
• Conduct monthly and annual audits.
• Further develop company relationships with assigned MGAs.

Skills and Experience

• 3-7 years of commercial underwriting experience.
• General knowledge in Commercial Property/Liability/Auto/IM/MTC/Excess/Package Underwriting in one or more of the following classes: Mercantile, Hospitality, Habitational, Transportation, Manufacturing, Wholesale and Cannabis; preferably a generalist.
• Individual desk underwriting / quoting experience.
• Interpret written guidelines for Underwriting rules and apply to real life scenarios.
• Communication skills.
• Ability to work and learn with a sense of urgency in a fast-paced environment.
• Have accountability for assigned tasks.
• Strong analytical and problem-solving skills.
• Decision maker.
• Ability to adapt and change.

Salary Range: $100,000 - $140,000