Technical Assistant (Delegated Authorities) London 2024

We are currently looking for a motivated individual, keen to carve a career in the Insurance industry, to join our Delegated Authorities Underwriting team as a Technical Assistant.

This is an excellent opportunity for a candidate looking for their first, or next move within the insurance industry. The successful candidate will be working within the UK Property team that writes business via Delegated Authorities issued to a network of MGAs (Coverholders).

Responsibilities 

  • Analyse monthly Bordereau reports, this includes identifying risks outside contract guidelines and working with the MGA’s to rectify
  • Analyse data, including rating, terms etc of the portfolio as a whole, as well as individual Binding authorities – working with all data sources within the company
  • Assist with the maintenance of Underwriting manuals and other underwriting materials under direction of the Underwriting team
  • Monitor the unit’s income position
  • Weekly/ monthly/ annual reporting including preparing data for weekly and divisional meetings, reinsurance and any ad hoc management reporting requests
  • Collaborate with Actuarial, Claims and Cat Management in the testing and implementation of new rating software and Third Party data providers to enhance Underwriting performance
  • Manage various short and long term projects as assigned by Senior Underwriters
  • Assist with internal Underwriting File Audits and produce reports where necessary
  • Monitoring the underwriter’s workloads and reporting to ensure all risk records are completed within the time frame specified within the underwriting guidelines
  • Assist in preparation of all necessary contract documentation required for referral of both new and renewal business
  • Maintain Underwriting files
  • Assist with ongoing regulatory reporting requirements
  • Responsible for administrative duties as needed to assist the Underwriting department

Skills and experience

  • Good communication skills
  • Organised, methodical quick thinker.
  • Demonstrable problem solving abilities
  • Have accountability for assigned tasks
  • Ability to work to deadlines and manage workload priorities effectively
  • Desire to expand knowledge within the industry via professional exams
  • Data mining, statistical modelling and data visualisation
  • Experience with Microsoft Access and Power BI is preferable but not essential.
  • High level understanding of Excel, should be proficient in creating complex formulae
  • Highly numerate and logical – strong mathematical/statistical knowledge is advantageous
  • Ability to interpret large volumes of data and present in a clear and concise manner
  • Ability to articulate findings in writing and/or in person both internally and externally
  • Interpret written guidelines for Underwriting rules and apply to real life scenarios

Our benefits

We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health.

About Canopius

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.

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 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.

Rolling deadline