Underwriting Assistant The Underwriting Assistant role supports the underwriting process and policy lifecycle end-to-end. This includes, but is not limited to, 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 is responsible for ensuring that business is processed correctly and timely.
Responsibilities:- Submission clearance.
- Follow up on information needed from brokers.
- Initiate sanctions check if required and escalate 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).Renewal Business Support
- 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).Premium Invoicing and Collections
- 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.
Policy Servicing:
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.
Testing, Subject Matter Expertise and Projects:
Participate in testing of system changes/enhancements. Participate in projects as assigned.
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.
Basic financial statement knowledge or interest to learn.
Prior insurance exposure required.
Salary Range: $55,000 - $70,000
About Us:
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 401k, discretionary bonus, insurances including medical, dental and vision 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. 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. Job InfoJob Identification 852 Job Category Underwriting Posting Date 10/06/2026, 01:56 PMJob Schedule Full time Locations 140 Broadway, New York, NY, 10005, US (Hybrid)
