Underwriter , Financial Institutions - SBS (SCOR Business Solutions)

Scor; Greater London; On-site; GBP 75,000 - 95,000; Full time

Job summary

SCOR in London seeks a motivated FI Underwriter to join our Financial Institutions underwriting team. This role focuses on managing a portfolio of FI risks while collaborating with brokers and senior underwriters to drive profitable underwriting decisions.

You will handle underwriting of new business and renewals, review submissions, and prepare pricing analyses. The position requires strong analytical skills, effective communication, and the ability to manage multiple priorities in a fast-paced

Qualifications

• Demonstrated underwriting experience as an FI Underwriter.
• Experience in roles related to Financial Institutions or similar areas.
• Strong analytical skills and attention to detail.

Responsibilities

• Underwriting new business and renewals within delegated authority limits.
• Review submissions, financial information, proposal forms, and supporting documentation.
• Attend and actively participate in client and broker meetings.
• Prepare underwriting and pricing analysis for review by senior team members.
• Support portfolio monitoring and exposure management activities.
• Build and maintain relationships with brokers and key trading partners.
• Attend/host broker meetings, market presentations, and industry events.
• Respond to broker enquiries in a timely and professional manner.
• Support retention of existing business and identification of new opportunities.
• Assist in monitoring profitability, rate adequacy, and portfolio performance.
• Maintain accurate underwriting records and systems.
• Ensure compliance with underwriting guidelines, regulatory requirements, and internal controls
• Contribute to portfolio reviews and underwriting audits.
• Work closely with senior underwriters, claims, actuarial, legal, and operations teams.
• Participate in underwriting discussions and referral processes.
• Contribute to continuous improvement initiatives and process enhancement.

Skills

FI Underwriter

Underwriting

Financial Institutions

Financial Lines

Cyber

D&O

Professional Indemnity

Underwriting principles

Analytical skills

Communication skills

Detail oriented

Multitasking

Education

Undergraduate degree

Qualified by experience

Job description

Underwriter , Financial Institutions - SBS (SCOR Business Solutions)

London, United Kingdom

Job Description

We are seeking a motivated and commercially minded individual to join our Financial Institutions (FI) underwriting team. This is an excellent opportunity for an existing underwriter with previous experience in FI , looking to take the next step into a more autonomous and visible underwriting role.

The successful candidate will support the underwriting and management of a portfolio of Financial Institutions risks, including banks, asset managers, private equity firms, insurance companies, fintechs, and other financial services businesses. You will work closely with senior underwriters, brokers, and other stakeholders to develop technical underwriting skills while building a strong understanding of the FI market.

Responsibilities

Some of the key areas of responsibility are as follows;

Underwriting new business and renewals within delegated authority limits.

Review submissions, financial information, proposal forms, and supporting documentation.

Attend and actively participate in client and broker meetings.

Prepare underwriting and pricing analysis for review by senior team members.

Support portfolio monitoring and exposure management activities.

Broker & Client Relationship Management

Build and maintain relationships with brokers and key trading partners.

Attend/host broker meetings, market presentations, and industry events.

Respond to broker enquiries in a timely and professional manner.

Support retention of existing business and identification of new opportunities.

Assist in monitoring profitability, rate adequacy, and portfolio performance.

Maintain accurate underwriting records and systems.

Ensure compliance with underwriting guidelines, regulatory requirements, and internal controls

Contribute to portfolio reviews and underwriting audits.

Work closely with senior underwriters, claims, actuarial, legal, and operations teams.

Participate in underwriting discussions and referral processes.

Contribute to continuous improvement initiatives and process enhancement.

Qualifications

Required experience & competencies

• Demonstrated underwriting experience as an FI Underwriter
• Several years experience as either an Underwriter, an Assistant, Broker Technician, Account Executive, or similar role but preferably in;
  • Financial Institutions
  • Financial Lines
  • Professional Indemnity
  • D&O
  • Cyber
  • Speciality Lines
• Understanding of underwriting principles and insurance products.
• Strong analytical and numerical skills.
• Excellent communication and relationship-building abilities.
• Highly organised with strong attention to detail.
• Ability to manage multiple priorities in a fast-paced environment.

Cycle Management – Having the ability to manage underwriting decisions and relationships around the markets cyclical nature; You are able to flex your mindset to understand underwriting strategy, capacity management, portfolio management and long term partnerships to achieve successful and profitable underwriting decisions

Commercial Business Acumen – You are able to negotiate profitable business with a structure that works for both client and SCOR.

Critical Thinking – You can assess risks, analyse market trends, and make data-driven underwriting decisions to improve profitability whilst mitigating exposure.

Negotiation & Persuasion – You can support negotiations involving complex policies, ensuring client satisfaction and profitability, negotiating terms, resolving conflicts, and advocating for clients

Entrepreneurial Spirit – You can identify new market opportunities, develop innovative products and adapt to emerging risks

Intellectual Curiosity – You have the genuine desire to learn, understand and explore new ideas, concepts and perspectives, and produce credible industry collateral to support SCOR in being a Market Thought Leader

Emerging Risk Discovery – You focus on identifying and evaluating new risks, monitoring and assessing non-traditional risks, and developing policies to address these risks

Required Education

• Undergraduate degree or qualified by experience or equivalent
• 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.