Canopius Group · 1 day ago
Underwriting Assistant
New York, United States
Full-time
Hybrid
New Grad, Entry Level
$60K/yr - $70K/yrCanopius Group is a global specialty lines (re)insurer, recognized as a leading insurer in the Lloyd’s of London insurance market. The Underwriting Assistant role supports the underwriting process and policy lifecycle, working closely with underwriters and brokers to ensure timely and accurate processing of business transactions.
Insurance
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)
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)
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
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
Participate in testing of system changes/enhancements
Participate in projects as assigned
Qualification
Required
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 helpful but not required
Account Lifecycle Management
Billing Systems Management
Business Process Improvement
Credit Control / Collections Management
Data Analysis
Data Quality Assurance
Documentation & Records Management
Monitoring Third Party Outsourcing
Regulatory Compliance
Sanctions & Underwriting Governance
Stakeholder Engagement
Technical Reporting
Technical Underwriting Analysis
Underwriting Processes
Benefits
Hybrid working
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
Company
Canopius Group
We are Canopius, a global specialty and Property & Casualty (re)insurer with offices in the UK, the US, Bermuda, Singapore and Australia.
Founded in 2003
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
Samsung Fire & Marine Insurance
2025-06-11Secondary Market
2019-11-04Corporate Round
2017-09-01Acquired
Leadership Team
Coleman Johnson
Chief Underwriting Officer, US and Bermuda
Lisa Davis
President and Chief Underwriting Officer
Recent News
Beinsure - Insurance, Reinsurance, InsurTech Insights
2025-09-18
FinTech Global
2025-09-15
2025-09-12
Company data provided by crunchbase