Technical Assistant (Heavy Industry) London 2024

First established in 2017, the Heavy Industry team at Canopius provides All Risk Property Damage and resultant Business Interruption Insurance for Mining, Metal and Chemical customers globally and is considered a leader within the London market.

Providing an administrative resource to a specialist underwriting team, this role offers the chance to play an active role in the lifecycle of a risk – from submission and pricing to contract binding. The team works in a fast-paced and collaborative environment and a successful candidate will have the opportunity for direct exposure with both internal and external stakeholders. With this they will be able to quickly develop their skills and progress with greater responsibility within the team.

This is a fantastic opportunity to gain an entry level role within Underwriting and we would welcome applications from candidates in the early stages of their insurance careers as well as school leavers / apprentices and graduates.

Responsibilities will include

• Working alongside underwriters to deliver a first-class service to brokers and internal stakeholders via efficient and timely processing of submissions and other administration related to renewal and new accounts.
• Monitoring outstanding indications and pipeline business and ensuring all bound policy information is correctly captured in the systems including Subscribe.
• Preparing information and liaising with internal Natural Catastrophe modelling teams.
• Act as the point of contact and liaison for query resolution between our outsourced support company and internal credit control function. Ensuring all queries are answered efficiently and on time.
• Helping with the analysis of risks both new and within our existing portfolio
• Entering of information to support pricing and rating model completion.
• Assisting the Peer Review process, documenting outcomes and saving to internal systems.
• Quality assurance & pre-bind quality assurance (PBQA) of market reform contracts
• Conducting sanctions clearance on applicable risks via Canopius Compliance.
• Weekly/ monthly/ annual reporting including preparing data for weekly and divisional meeting, reinsurance and any adhoc management reporting requests including Lloyd’s & Realistic Disaster Scenarios.
• Monitor the unit’s income position against business plan.
• Assisting in collection of data and creation of Reinsurance Renewal Packs

Skills and experience

• Accuracy, and numeracy
• Good working knowledge of MS Office (Word / Excel / Powerpoint).
• Ability to work with Power BI (desirable but not essential).
• Able to communicate effectively with colleagues and external stakeholders through written and verbal communication.
• Highly motivated, team player capable of working on own initiative.
• Ability to manage time, meet deadlines and prioritize tasks.
• Ability to accurately deal with high volume of data entry/processing.
• Willingness and desire to learn and develop.
• Demonstrable problem-solving abilities.
• Sociable, approachable and a desire to network.

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.