CFC

Cyber risk underwriting through MGA platform

Transaction Liability Underwriting Assistant

UnderwritingPosted on Nov 12

Full-timeNew York, NY, USA$68k - $90k /yrHybrid

About the Job

Requirements

Have commercial awareness and understanding of mergers and acquisitions and a background in Law, Economics, or Accounting.
Have organisational skills and the ability to prioritise work to meet tight deadlines and turnaround times.
Have attention to detail, accurate written skills, and numeracy skills.
Have experience using Microsoft Office applications, including Outlook, Word, and particularly Excel.

Responsibilities

Provide administrative support primarily to the transaction liability team and other underwriting teams as required, to help meet target turnaround times for brokers and insureds.
Manage underwriting central inboxes and log new and renewal submissions on the internal underwriting system.
Prepare activity reports and spreadsheets as directed.
Administer the department diary, chase outstanding items such as subjectivities, assist with invoicing, and set up new clients.
Answer incoming calls and field queries as appropriate.
Review and amend transaction documents, including non-disclosure and hold harmless letters.
Work with existing support functions to progress transactions from initial submission to policy binding, including administrative aspects.
Perform general ad-hoc administrative duties as required.

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 within M&A?

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.

As an Underwriting Assistant you’ll be providing dedicated support to underwriters across our teams by:

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.

You have commercial awareness and understanding of mergers and acquisitions and a background in Law, Economics or Accounting.

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;

About the Company

CFC

Cyber risk underwriting through MGA platform

CFC Underwriting is a specialist insurance provider operating as a managing general agent (MGA) that underwrites on behalf of a panel of carriers, focusing on emerging and specialty risks with a strong emphasis on cyber. It uses a proprietary global insurance platform powered by data science to streamline underwriting across a portfolio of 50+ products, including cyber and professional liability, with an in-house incident response team adding comprehensive cyber risk management. It differentiates itself through its early focus on cyber, large in-house claims and incident response capabilities, and a global broker-driven distribution model. Its goal is to deliver fast, precise underwriting and robust risk management for technology-related and other specialty risks worldwide.

Company size: 1,001-5,000
Company stage: Not listed
Total funding: Not listed
Headquarters: London, United Kingdom
Founded: 1999

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