At a Glance
- Tasks: Underwrite delegated business and develop strong relationships with brokers and clients.
- Company: Join a leading insurance firm focused on North American markets.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Collaborative culture that values diversity and encourages team contributions.
- Why this job: Make an impact in the insurance industry while growing your career.
- Qualifications: Experience in the North American delegated authority market and strong communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Description
The Role
The DANA team writes of book of USD170m+ GPI across multiple lines of business including Commercial Property, Homeowners Property, Commercial Automobile Physical Damage, Commercial Automobile Liability and Commercial General Liability.
We write this business throughout North America as well as in Canada and the US Virgin Islands.
We are looking for a senior underwriter to work closely with the Head of Delegated Authorities across these disciplines to meet the requirements of the business plans and the strategic targets for premium income, profitability and return on capital as set out by the Board.
Key Responsibilities
- To underwrite delegated business in accordance with the Syndicate Business Plan for the division and within the terms of the underwriting authority given.
- Develop and maintain good working relationships with brokers and clients to establish Canopius as a preferred market for North American binder business.
- Working alongside the DANA team, underwrite and oversee the renewal of our existing business as well as identify and develop new business opportunities.
- Work collaboratively with other underwriting and support units within Canopius to maximize efficient use of internal company resource to support business activities.
- To ensure that all business written complies with Canopius internal policies, procedures and controls and that these are understood and adhered to by the team.
- To ensure that business is only accepted through intermediaries and coverholders approved by Canopius in accordance with internal procedures
- To ensure that complete and accurate underwriting records are maintained.
- To promote a culture where client’s needs are placed at the heart of underwriting decision-making and business is conducted in a manner that meets Canopius internal standards and FCA guidelines.
- To actively assist and supervise the development of junior members of the team.
- To ensure that the workplace environment is fair, equitable, collaborative, supportive, and respectful and one which encourages and increases the participation and contribution of all employees, irrespective of difference.
- To provide reports and management information to the Head of Delegated Authorities, as required.
- Work with the Syndicate actuaries, to assist in the establishment of reserves for the portfolio.
- To ensure the risk environment is assessed regularly and that appropriate controls are put in place to mitigate loss, including exposure management and the assessment of Realistic Disaster Scenarios.
Skills and Experience
- Significant experience in the North American delegated authority market
- Good communication skills
- Previous management experience preferable
- Organised, methodical quick thinker.
- Demonstrable problem solving abilities
- Ability to work to deadlines and manage workload priorities effectively
- Desire to expand knowledge within the industry via professional exams
- Data mining, statistical modelling and data visualisation
- Experience with Power BI is preferable but not essential.
- High level understanding of Excel, should be proficient in creating complex formulae
- Highly numerate and logical – strong mathematical/statistical knowledge is advantageous
- Ability to interpret large volumes of data and present in a clear and concise manner
- Ability to articulate findings in writing and/or in person both internally and externally
- Interpret written guidelines for Underwriting rules and apply to real life scenarios
- Able to demonstrate Integrity and Openness; Accountability; Community Involvement; Diversity & Inclusion; Teamwork; Entrepreneurial Spirit.
Underwriter - Delegated Authorities - North America in London employer: Canopius
Canopius is an excellent employer that fosters a collaborative and innovative work culture, where data governance plays a crucial role in driving the organisation's success. Employees benefit from ongoing professional development opportunities and a supportive environment that encourages growth and learning, particularly in the dynamic insurance sector. Located in a vibrant area, Canopius offers unique advantages such as flexible working arrangements and a commitment to employee well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Delegated Authorities - North America in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Canopius). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Canopius. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter - Delegated Authorities - North America in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Canopius.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Canopius. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Canopius
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Canopius to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Canopius, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Canopius's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
