The Role
A member of the UK Operations team, reporting to the Delegated Underwriting Manager, you will provide assurance to Canopius that all delegated underwriting activities are being correctly underwritten, registered, processed, and managed in accordance with the agreed Delegated Underwriting policies and internal standards. The primary aim of the Delegated Authority Management function is to establish effective governance, frameworks, and controls over the Delegated Authority Portfolio to mitigate risks.
This is a 9-month Fixed Term Contract role.
Key Responsibilities
* Conduct thorough due diligence, prepare, and submit new applications to Lloyd’s, including UK, EEA, and International Coverholders, Class of Business, Regional extensions, Relationships, and Branch applications.
* Perform technical risk assessments of new and existing Coverholders to ensure compliance with required standards.
* Assist underwriting teams with delegated authority processes, including technical advice and Coverholder approvals.
* Review pre- and post-bind documents for lead and follow binders, master policies, consortiums, and line slips to ensure compliance with Canopius procedures and regulatory standards.
* Monitor regulatory changes and collaborate with stakeholders to develop compliant solutions.
* Prepare and present regular internal reporting packs.
* Support the Delegated Underwriting Manager and Head of Delegated Authority in managing delegated authority activities.
* Help manage offshore team workflow, respond to queries, and oversee quality control.
* Represent the Delegated Underwriting Manager at meetings and in workload management.
* Participate in projects to improve delegated underwriting processes and systems testing.
* Utilize Lloyd’s registration and compliance systems, including Atlas and DCOM.
* Conduct peer reviews of contract checks as appropriate.
Skills
* In-depth knowledge of delegated underwriting authority practices, preferably within Lloyd’s.
* Strong understanding of insurance industry standards and regulatory requirements for Coverholder Management.
* Experience with Lloyd’s Coverholder onboarding processes.
* Exceptional attention to detail.
* Ability to work independently and as part of a team.
* Proficient in Microsoft Excel and other MS Office applications.
* Excellent communication and interpersonal skills.
* Strong problem-solving abilities.
* Effective organizational and time management skills, with the ability to prioritize tasks and meet deadlines.
* Quick learner with initiative and a focus on personal development.
About Us
Our benefits
We offer a comprehensive benefits package promoting overall wellbeing, including hybrid working, a competitive salary, non-contributory pension, discretionary bonus, health and dental insurance, and other perks supporting financial, physical, social, and psychological health.
About Canopius
Canopius is a global specialty lines (re)insurer and a leading Lloyd’s of London market insurer, with offices in the UK, US, Singapore, Australia, and Bermuda.
We foster a positive, inclusive culture that encourages authenticity, growth, and diversity, aiming for profitable and sustainable results.
Our modern offices are located in the heart of the City of London, with a flexible, hybrid working model. We are committed to providing a respectful, inclusive environment where everyone’s contributions are valued.
We are an equal opportunity employer, committed to a discrimination-free workplace. We welcome applicants from all backgrounds and make reasonable adjustments during recruitment and employment processes. Please inform us if you need accommodations or information in an alternative format.
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