Sub-Delegation Underwriting Assistant

Canopius • Chicago, IL

6d • $65,000 - $75,000 • Hybrid

About The Position

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.

Requirements

• 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

• 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.
• 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.
• 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.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed