Assistant Underwriter, PCR - SCOR Business Solutions (SBS)

Scor; Greater London; On-site; GBP 35,000 - 60,000; Full time

Job summary

SCOR Business Solutions (SBS) in London is seeking an Assistant Underwriter to support the underwriting team, review enquiries, price and assess risks for NBIs, renewals and endorsements. You will work with brokers to provide accurate indications and maintain contract certainty.

You will collaborate with underwriters and credit analysts, handle data verification, ensure KYC compliance, and contribute to reporting while maintaining SCOR's high service standards in a fast-paced international

Qualifications

• Proven experience within a similar role in underwriting.
• Experience in an underwriting team in the London market or similar.
• Strong MS Office skills and familiarity with underwriting systems (Xuber advantage).
• Experience in an international environment is desirable.

Responsibilities

• Underwriting within guidelines for NBIs, renewals, new business and endorsements.
• Perform contract certainty checks and ensure KYC is up to date.
• Review and rate enquiries to obtain adequacy ratios and respond to brokers.
• Liaise with underwriters and analysts to discuss risk positions and reporting.
• Ensure accurate premium and tax calculations and timely document management.
• Support brokers, maintain relationships, and participate in client meetings.
• Produce management information and ad hoc reports for senior management.
• Collaborate across SCOR teams including claims, finance, operations and compliance.

Skills

Underwriting experience

MS Office proficiency

Xuber familiarity

International environment

Education

A Level or equivalent

Relevant university degree

ACII Diploma

Tools

UW systems

Xuber

Job description

Assistant Underwriter, PCR - SCOR Business Solutions (SBS)

London, United Kingdom

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Job Description

The role holder will be required to provide reliable, accurate and efficient support to the Underwriting team and provide quality customer service to all key brokers and clients.

The role holder will also be responsible, with underwriter support, for reviewing, pricing and analysing enquiries sent to the team, and responding to brokers with non-binging 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 slipsEnsure 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

Photocopying, 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

Work with the PCR credit analysts to discuss the financial position of obligors on relevant risks

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

Monitor upcoming renewals and risks in the new business pipeline

AttendSCOR’s Lloyd’s box to service brokers submissions and endorsements, and negotiate policy terms

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 &

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

Monitor and chase brokers for all credit control aged debt ensuring the timely collection of premiums

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, finance, operations and compliance on matters affecting or related to accounts within the team’s portfolio.

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

Qualifications

Required experience & competencies

• Proven experience within a similar role
• Proven experience within an underwriting team as an assistant underwriter or underwriting assistant l in the London market or elsewhere

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

Familiar with using UW systems, rating tools, reporting etc, but particularly Xuber would be an advantage

Experience within an International environment

Required Education

• Educated to A Level or equivalent
• Relevant university degree
• ACII Diploma

Progression towards a professional qualification

• 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.