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Assistant underwriter - specialist consumer products

London
Underwriting assistant
Posted: 18 February
Offer description

Description The Role The Specialist Consumer Products team are a market leading provider of creditor, affinity group A&H and mortgage insurance. The role involves assisting with the underwriting and managing a growing portfolio of international business, in line with the business plan and personal authority limits. Responsibilities will include: You will assess and underwrite renewal business targeting business plan loss ratios. Assist underwriters in assessing and underwriting new business opportunities. Underwriting individual referrals. Developing and maintaining relationships with brokers and clients. Ensuring compliance with regulatory and internal procedures. Developing a clear understanding of Consumer Duty, Fair Value measures and other FCA conduct guidance. You will prepare binders and slips for renewals, ensuring all internal processes are followed. You will participate in the product review process and review those products particularly allocated to you. Actively participating in monthly SCP team reporting and SCP Claims meetings. Compiling monthly underwriting reports. You will develop effective working relationships with other teams including Conduct, Delegated Underwriting Management and Compliance. In conjunction with the Head of Technical Underwriting, review and finalise contract wordings and customer documentation to maintain compliance with regulation and in light of Consumer Duty. Skills and experience: Ability to exercise sound underwriting judgement based upon detailed risk analysis General knowledge of insurance and underwriting within the Lloyd’s marketplace Strong communication skills Strong IT skills, particularly Microsoft Excel, Power BI and Word Analytical and problem solving skills Ability to work under pressure and meet deadlines A desire to expand knowledge within the industries that we work in via professional exams and practical participation Canopius Competencies: Stakeholder engagement Cultivates and maintains positive relationships with relevant internal or external stakeholders, effectively involving and communicating with them to drive collaboration, support, and alignment towards shared goals. Collaboration and teamwork: Works effectively with team, project or other work groups or those outside formal line of authority to accomplish goals. Actively participates as a member of a team; develops and builds cohesive team relations to produce required outputs; possesses knowledge and understanding of colleagues work. Adapting to change: Adjusts thoughts, feelings, and behaviours to handle new, challenging, or complex situations; embracing change as a growth opportunity when working within new work structures, processes, regulations, or requirements. Continuous Improvement Analyses current and future state business requirements and identify strategies to continuously improve products, services or processes. Guide and inspire others to achieve results to enhance efficiency, quality and consistency. Innovation Creates, develops and implements new ideas to enhance new or improved processes, systems, solutions, products or services; tries different and novel ways to deal with problems and opportunities. Resilience The ability to cope with and recover from setbacks, challenges or difficulty. Persevering even under pressure or crisis situations and uses ways that foster strength and growth, often emerging stronger than before. Future Focused Anticipates changes in regulations, technology and client needs, proactively responding to key trends happening in the industry. Thinks about the future through identifying opportunities and obstacles whilst planning effectively.

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