Underwriting Assistant 2
Canopius Group
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Benefits offered by this job
Job summary
Canopius is seeking an Underwriting Assistant II in New York to support the underwriting process end-to-end and serve as a subject‑matter expert for Underwriters and Assistants. You will assist with new business, renewals, invoicing, policy servicing and data controls, coordinating with brokers and internal teams to maintain timely and accurate submissions.
The role emphasizes technical proficiency with underwriting systems, efficient processing, and collaboration across departments in a
Qualifications
- Excellent organizational skills and the ability to multi-task in a fast-paced environment.
- Ability to work under pressure as part of a small team and self-motivated to work independently.
- Strong critical thinking skills.
- Excellent communication skills, both written and verbal.
- Strong attention to detail and focus on quality/accuracy.
- Ability to work and learn with a sense of urgency in a fast-paced environment.
- Effective problem-solving skills.
- Proficiency with Microsoft O365 tools, including Word, Excel, PowerPoint, Outlook, SharePoint and Teams.
- Prior insurance exposure required.
Responsibilities
- Support underwriting processes across new business, renewals and policy servicing.
- Coordinate information with brokers and internal teams to complete submissions.
- Prepare quotes, binders and policy documents as required.
- Process transactions in policy administration systems and issue policies.
- Assist with catastrophe modelling and reinsurance documentation when needed.
- Maintain accurate electronic underwriting files per internal standards.
- Serve as a technical resource for underwriters and assistants on systems like Kalepa and Origami Risk.
Skills
Education
Tools
Job description
Underwriting Assistant II role supports the underwriting process and policy lifecycle end-to-end. In addition to the Underwriting Assistant I responsibilities (e.g. supporting underwriters in the acquisition and retention of business, working directly with brokers to obtain information, fulfil servicing needs and resolve issues and liaising with other functions across Canopius to data, servicing and/or cash flow issues) this role also serves as a subject matter expert providing technical support and direction to Underwriters and Underwriting Assistants.
- Submission clearance.
- Follow up on information needed from brokers.
- Initiate sanctions check if required and elevate to underwriter if there is a hit.
- Perform pre-analysis (triage) support based on predefined underwriting rules and/or guidelines. Evaluates new and renewal submissions against prescribed criteria to determine completeness; documents outstanding items and include them in communication to an underwriter for review.
- Prepare quote letter.
- Catastrophe modelling (if required).
- Prepare binder document.
- Process transaction in policy administration system.
- Obtain surplus lines producer licensing information for non-admitted business.
- Maintain accurate and updated electronic underwriting files for all accounts in accordance with internal service standards and procedures.
- Issue policies.
- Issue reinsurance certificates for local foreign policies (D&F Property only).
- Book Facultative Reinsurance premium.
- Set up account in Pricing Tool.
- Follow up for information needed from brokers, including but not limited to renewal applications.
- Obtain loss information.
- Perform pre-analysis (triage) support based on predefined underwriting rules and/or guidelines. Evaluates new and renewal submissions against prescribed criteria to determine completeness; documents outstanding items and include them in communication to an underwriter for review.
- Prepare quote letter.
- Catastrophe modelling (if required).
- Prepare binder document.
- Process transaction in policy administration system.
- Obtain surplus lines producer licensing information for non-admitted business.
- Maintain accurate and updated electronic underwriting files for all accounts in accordance with internal service standards and procedures.
- Issue policies.
- Issue reinsurance certificates for local foreign policies (D&F Property only).
- Book Facultative Reinsurance premium.
- Set up submission/policy for pricing.
- Generate invoice for all premium bearing transactions.
- Work with Premium Accounting to pursue collection for past due premiums.
- Work with Premium Accounting to resolve premium discrepancies.
- Laise between UW Ops, Premium Accounting and business partners to resolve billing discrepancies.
- Issue endorsements for approved policy changes, including rating additional/return premiums where appropriate.
- Process cancellations (insured request or for nonpayment of premium).
- Process transaction in policy administration system.
- Follow up with broker to resolve outstanding subjectivities.
- Support ceded facultative reinsurance transactions/administration.
- Process broker of record transactions.
- Issue policies within SLA timeframe.
- Ensure bound new and renewal policies are booked prior to monthly closing.
- Conduct new hire on-boarding/training, including creation and management of the new hire training plan for each new hire.
- Perform quality assurance for new hires as necessary to assess proficiency.
- Assist the Head of Open Market Operations and Operations Team Lead with workload management and prioritization.
- Serve as a technical resource for Underwriters, Underwriting Assistants and Premium Accounting with respect to systems (e.g. Kalepa, Origami Risk) and processes.
- Participate in testing of system changes/enhancements.
- Participate in projects as assigned.
- Excellent organizational skills and the ability to multi-task in a fast-paced environment.
- Ability to work under pressure as part of a small team and self-motivated to work independently.
- Strong critical thinking skills.
- Excellent communication skills, both written and verbal.
- Strong attention to detail and focus on quality/accuracy.
- Ability to work and learn with a sense of urgency in a fast-paced environment.
- Effective problem-solving skills.
- Proficiency with Microsoft O365 tools, including Word, Excel, PowerPoint, Outlook, SharePoint and Teams.
- Basic financial statement knowledge or interest to learn.
- Prior insurance exposure required.
- Excellent organizational skills and the ability to multi-task in a fast-paced environment.
- Ability to work under pressure as part of a small team and self-motivated to work independently.
- Strong critical thinking skills.
- Excellent communication skills, both written and verbal.
- Strong attention to detail and focus on quality/accuracy.
- Ability to work and learn with a sense of urgency in a fast-paced environment.
- Effective problem-solving skills.
- Proficiency with Microsoft O365 tools, including Word, Excel, PowerPoint, Outlook, SharePoint and Teams.
- Basic financial statement knowledge or interest to learn.
- Prior insurance exposure required.
Salary Range: $65,000 - $74,500
Salary Range: $65,000 - $74,500
- hybrid working
- a competitive base salary
- non-contributory 401k
- discretionary bonus
- insurances including medical, dental and vision cover
- many other benefits to enhance financial, physical, social and psychological health
We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory 401k, discretionary bonus, insurances including medical, dental and vision cover, and many other benefits to enhance financial, physical, social and psychological health.
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s 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.
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 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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