Sub-Delegation Underwriting Assistant

The Role

The Underwriting Assistant role for Portfolio Solutions primarily supports the on-boarding and regular processing of written and signed bordereaux associated with programs written via sub-delegation. In these scenarios, Canopius Managing Agents delegates authority to sub-coverholders and delegated claims administrators (Third Party Administrators, e.g. TPA's) through its US-based service company, Canopius Underwriting Agency, Inc. The role will focus on working closely with sub-coverholders and delegated claims administrators to ensure that bordereaux are provided on a timely basis and to ensure that funds are received consistent with the total amount of the signed bordereaux.

Responsibilities

• New program on-boarding:
  • Set up binder in Subscribe (Canopius Syndicate 4444 accounting system).
  • Send booking instructions to WNS (outsource partner).
  • Review WNS Subscribe entries (in Subscribe).
  • Other support as needed during the due diligence and on-boarding process.
• Risk/Written bordereaux:
  • Receive risk/written bordereaux from MGA(s) and send to the Operations team in the UK responsible for processing in Intrali (bordereau management system utilized for S4444 coverholder/sub-coverholder programs).
  • Work with the MGA to resolve any data/reporting issues surfaced during ingestion.
• Signed bordereaux:
  • Ensure timely receipt of signed bordereaux from MGA(s).
  • Ensure timely receipt of funds from the MGA(s).
  • Process paid bordereaux values into Subscribe (sub-totalled by risk code, territory, settlement currency, etc.).
  • Send the signed bordereaux to CBS (Canopius internal broker responsible for processing to Lloyd's via Xchanging).
  • Work with US Finance to remit the funds to CBS.

Skills And 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.

Pay

Salary Range: $65,000 - $75,000

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 401k, discretionary bonus, insurances including medical, dental and vision cover, and many other benefits to enhance financial, physical, social and psychological health.