About CFC
CFC is a specialist insurance provider and a pioneer in emerging risk. With a track record of disrupting inefficient insurance markets, CFC uses proprietary technology to deliver high-quality products to market faster than the competition while making it easier for brokers to do business. Our broad range of commercial insurance products are purpose-built for today’s risks, and we aim to give our customers everything they need in one, easy-to-understand policy.
Headquartered in London, CFC serves more than 70,000 businesses in over 80 countries. We’re privately held and growing faster than any of our competitors in the market.
Although insurance is a serious business, our culture isn’t too corporate and we never take ourselves too seriously. We are ‘one-team’ and enjoy a culture of openness and encouragement. We invest heavily in the learning and development of our people and enjoy a fast-paced working atmosphere that is friendly, supportive, and fun.
Role Definition
As an Assistant Underwriter you will provide operational, analytical and transaction support to the Transaction Liability underwriting team. You will support the end to end underwriting process from logging and processing submissions on CFC’s underwriting system, as well as inputting on risk reviews.
CFC’s transaction liability team is focussed on a wide range of risks related to mergers and acquisitions including representation and warranty (R&W) (also known as W&I) insurance and contingent liability and tax insurance policies across a number of key jurisdictions, with a particular focus on the United States.
Responsibilities & Accountabilities
• Supporting underwriters by providing underwriting assistance including file and document management and assisting to manage workflow/reporting requirements on CFC’s internal underwriting system
• 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)
• Reviewing and amending transaction documents including non-disclosure and hold harmless letters as required, as well as preparation of quotation documents
• Liaising with external legal counsel as required
• Developing relationships with M&A insurance brokers, lawyers, private equity firms, deal principals and internal CFC colleagues as required
• Analysing CFC’s M&A insurance portfolio, updating internal data sets and providing insights and management information
Skills & Ability
• Key attention to detail
• Excellent written and oral communication skills
• Ability to problem solve
• Self-starter, focused, enthusiastic and creative thinker
• Strong interpersonal skills and ability to work collaboratively within a team environment
• Organized, and able to work in a fast-paced environment with tight deadlines and time pressures
• Have a keen interest in general business affairs and M&A
Education and Qualifications
• Educated to at least A Level standard or higher with a view towards studying for a Certificate in Insurance (CII).
Core Values
Love what you do:
We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
Challenge everything:
We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to makes things better.
Have fun, be good:
Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.