Assistant Underwriter - Construction SBS (Scor Business Solutions)

SCOR; Greater London; On-site; GBP 35,000 - 55,000; Full time

Job summary

SCOR is seeking an Assistant Underwriter to support the Construction department in EMEA, based in London. You will work with five underwriters, assist in pricing, analysis and responding to brokers with indications or declinatures, while ensuring policy documentation and KYC compliance.

You will review submissions, maintain risk documentation, and contribute to underwriting process improvements. The role requires strong analytical and MS Office skills, with a proactive, team-oriented approach.

Qualifications

• Educated to A Level or equivalent qualifications.
• Bachelor degree in engineering, actuarial/mathematics, finance, Insurance or risk management.
• ACII Diploma or equivalent.
• Progression towards a professional qualification.

Responsibilities

• Undertwriting within guidelines for NBIs, renewals, new business and endorsements.
• Contract certainty checks on all lead slips.
• Ensure KYC is up to date on SCOR Europe business.
• Review and rate enquiries to obtain adequacy ratios.
• Liaise with underwriter to ensure contract wording is fit for purpose.
• Produce management information and ad hoc reports for senior management.
• Participate in cross-team projects and duties as required.

Skills

Analytical abilities

Attention to detail

MS Office proficiency

Programming capabilities

Excel dashboards

Communication skills

Team player

Education

A Level or equivalent

Bachelor degree in engineering, actuarial/mathematics, finance, Insurance or risk management

ACII Diploma

Progression towards professional qualification

Tools

UW systems

Rating tools

Reporting tools

Microsoft Excel

Job description

Assistant Underwriter - Construction SBS (Scor Business Solutions)

London, United Kingdom

Job Description

We are looking for an Assistant Underwriter to support our Construction department in EMEA. You will work with 5 underwriters and help them with their daily tasks, in coordination with data capture teams, technical accounting, and operations. You will also assist them in managing their book of business and improving the underwriting process. The role holder will be responsible, with underwriter support, for reviewing, pricing and analysing enquiries sent to the team, and responding to brokers with non-binding indications / declinatures, where relevant.

Responsibilities

Underwriting within guidelines of letter of authority for NBIs, renewals, new business and endorsements as required.

Contract certainty checks on all lead slips

Ensure KYC is up to date on all SCOR Europe business

Review and rate all enquiries reviewed to obtain adequacy ratios

Know the referral criteria and ensure all underwriters have referred relevant risks to relevant reviewers

Know sanctioned risks and refer to compliance team if required

Filing and archiving of key documentation in a timely manner as required

Ensure calculations of premiums and local taxes are accurate for reporting requirements.

Ensure timely scanning of core risk documentation to relevant folders or document management systems

Data verification and integrity checks

Liaise with the Underwriter as required to ensure contract wording is fit for purpose

Research submissions using appropriate sources

Track the live status of all risks through every stage in the risk cycle

Monitor upcoming renewals and risks in the new business pipeline

Broker/Client Interaction:

Provide a professional service to brokers, clients and external suppliers in person, writing, email and telephone

Maintain and develop broker relationships, responding to queries in a timely fashion

Prepare for, attend, and take minutes at client meetings as required

Liaise with brokers to ensure all slips and additional information received is accurate and complete

Reporting & Operational Requirements

Provide accurate management information to the Underwriting team and senior management when required

Produce ad hoc reports, presentations and other team literature for key relations as and when requested

General Requirements:

Participate in cross-team projects as required

Undertake any other reasonable duties as may be requested by SCOR staff

Comply with SCOR policies, procedures and regulations relevant to your role

Manage training needs through attendance of relevant training as advised by your line manager and also market presentations where relevant to your role

Carry out additional responsibilities as defined through your objectives

Uphold the principal of Treating Customers Fairly

Finalities

Contributes to the Company’s result by:

Guaranteeing that the underwriters have accurate and up to date information to assist them in performing their duties.

Contributing to the team’s targets through effective and quality Underwriting within agreed limits.

Qualifications

Required Education

Educated to A Level, or equivalent qualifications

Bachelor degree in engineering, actuarial/mathematics, finance, Insurance or risk management

ACII Diploma

Progression towards a professional qualification

Required experience & competencies

Willingness to learn and develop strong technical skills in Construction Insurance

Strong analytical abilities and attention to detail.

A track record for solution finding/problem solving as well as building and maintaining integrated workbooks and dashboards in Microsoft Excel

Experience in risk, finance or insurance is a plus but not mandatory.

Good MS Office applications skills (Outlook, Word, Excel, PowerPoint)

Programming capabilities

Familiar with using UW systems, rating tools, reporting etc,

Experience within an International environment

Outcome focused, self-motivated, flexible, enthusiastic

Professional approach to working with key stakeholders at all levels of authority

Organised

Demonstrate ability to manage time, meet deadlines and prioritise effectively

Proactive with drive to succeed

Uses initiative and common sense

Approachable

Strong communication skills verbally, in writing and via email and telephone

Team player as well as capable of working on own initiative

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.