Transaction Liability Underwriting Assistant
Department: Transaction Liability
Employment Type: Permanent - Full Time
Location: UK - London
Reporting To: Michael Allen
Description
Have you recently left or are due to leave higher education with outstanding results in a commercial subject like Law, Economics or Accounting? Do you now hope to start your professional career with an innovative Insurance business who love to challenge the status quo? CFC are searching for an Underwriting Assistant to support our Transaction Liability team!
Our award-winning “TL” team underwrites a comprehensive range of insurance products which cover different risks arising during a Merger or Acquisition. Since its launch in 2016, CFC’s transaction liability team has quickly become one of the largest small and mid-market transaction liability insurers globally. We are the leading small – mid market underwriter in North America and the number one underwriter of secondaries transactions worldwide. Over the past five years, our TL underwriting team have contributed to the development of several creative M&A products.
About the role
* Providing excellent administrative support primarily to the transaction liability team and other underwriting teams, as required, to ensure CFC can adhere to target turnaround times for our brokers and insureds;
* Managing the underwriting central inboxes and logging new and renewal submissions on CFC’s internal underwriting system;
* Preparing various activity reports and spreadsheets as directed;
* Administering the department diary, including chasing outstanding items such as subjectivities and assisting with invoicing and setting up of new clients;
* Answering incoming calls and fielding queries as appropriate;
* Reviewing and amending transaction documents including non-disclosure and hold harmless letters;
* Working with the existing support functions in CFC to ensure the timely progression of transactions from initial submission to policy binding (including the administrative aspects of this process); and
* General ad-hoc administrative duties as required.
About you
This is an entry level role so we don't need you to have any Insurance experience.
Commercial awareness and understanding of mergers and acquisitions is preferable and a background in law, business, finance or otherwise related study field would be preferred.
As a minimum, we are looking for individuals with:
* Organisational skills with the ability to prioritise work to meet tight deadlines and turnaround times;
* Excellent level of attention to detail including accurate written and numeracy skills;
* Experience using Microsoft Office applications - Outlook, Word and particularly Excel;
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