Assistant Underwriter, International Binders

SCOR; Greater London; On-site; GBP 45,000 - 65,000; Full time

Job summary

SCOR is seeking an Assistant Underwriter, International Binders in London to support underwriting within delegated authorities and manage international binding relationships.

You will review enquiries from MGAs and coverholders, price and analyse risk, assist with renewals and onboarding of binders, and coordinate with claims, compliance, actuarial and wordings teams. Strong communication and MS Office skills are essential.

Qualifications

• Underwriting experience in international markets and property lines.
• Familiar with UW systems, rating tools and reporting.
• Progress towards professional qualification is encouraged.

Responsibilities

• Review, price, analyse and manage underwriting enquiries and binding authorities.
• Underwrite within guidelines of authority and handle referrals from MGAs and coverholders.
• Assist with the management and onboarding of new binding authorities and renewals.
• Liaise with delegated underwriting, claims, compliance, actuarial and wordings teams.
• Undertake pricing projections using historic loss ratios, premiums and claims data.
• Research submissions using appropriate sources and verify data integrity.
• Assist with compliance tasks such as fair value assessments and prepare reports.

Skills

Underwriting experience

International environment experience

Communication skills

Time management

Analytical mindset

Education

A Level or equivalent

University degree (relevant)

Lloyds Market Test

Progress towards professional qualification

Tools

UW systems

Rating tools

MS Office

Job description

Assistant Underwriter, International Binders

London, United Kingdom

Trending

Job Description

The role holder will be responsible, with underwriter support, for reviewing, pricing, analysing and managing underwriting enquiries and binding authorties.

Responsibilities

Underwriting within guidelines of letter of authority.

Handle undewriting referrals from MGAs and coverholders, accepting or declining, or amending terms as appropriate.

Assist with the management and supervision of binding authorities, including renewals of existing binding authorities and the onboarding of new MGAs.

Liaising with other stakerholders such as delegated underwriting, claims, compliance, actuarial, and wordings teams.

Undertake actuarial pricing projections using historic loss ratio, premum and claims information.

Research submissions using appropriate sources.

Verifying profit commission calculations, gathering data / and co-ordinating internally.

Assisting with compliance work such as fair value assessments.

Ensure calculations of premiums and local taxes are accurate for reporting requirements, and maintainng and monitoring detailed coverholder premium estimates. Chasing bordereau data where necessary and resolving data issues as required.

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

Submission of data to outsourcers, data verification and integrity checks

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

Photocopying, filing and archiving of key documentation in a timely manner as required

Broker/Client Interaction:

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

Maintain and develop coverholder and 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

Analysing coverholder data to track and measure changes to rating, exposure and other key metrics.

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

General Requirements:

Identify and report problems within the underwriting administration system and assist with solution design.

Assist with User Acceptance Testing of the underwriting administration system as and when required.

Interact with all SCOR teams including claims, DU, operations and compliance on matters in a timely fashian

Help maintain SCOR minimum standards by assisting Underwriting Assistants in achieving their service levels and targets as required

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

Progession towards a professional qualification.

Relevant university degree, or equivalence

Lloyds Market Test

Required experience & competencies

Prior underwriting experience, ideally within property lines.

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

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

• Locations Level 6, London, United Kingdom, EC2N 4BQ, GB

About Us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

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