Underwriting Assistant

SCOR; City Of London; On-site; GBP 30,000 - 38,000; Full time

Job summary

A leading global reinsurer seeks an Underwriting Assistant in London. This entry-level role supports underwriting with administration, data management, and client interactions. Ideal candidates have strong analytical skills and are proactive, ensuring compliance with company policies while maintaining accurate records.

Qualifications

• Solid experience in administration with keen attention to detail.
• Background in accurate, high-volume data entry preferred.
• Prior insurance experience is a plus.

Responsibilities

• Enter enquiries, quotes, and new business into policy administration system.
• Manage team email inboxes and interact with clients.
• Provide accurate management information to the underwriting team.

Skills

Attention to detail

Communication

Organizational skills

Data analytical skills

Education

A Level or equivalent

Relevant university degree

ACII Qualification

Tools

Excel

UW systems

Job description

SCOR City Of London, England, United Kingdom

Join or sign in to find your next job

Join to apply for the Underwriting Assistant role at SCOR

SCOR City Of London, England, United Kingdom

Join to apply for the Underwriting Assistant role at SCOR

We are now looking for a pro-active and efficient underwriting assistant to join Scor Syndicate. You will be tasked with supporting the underwriters within the US Binder Team with the underwriting administration, Client interactions, reporting, System updates and ensuring underwriting remains compliant to company policy and regulation.

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.

Job Description

As a prospective employee you should have a keen eye for detail, good communication, organisational and importantly data analytical skills. The ability to ensure that the underwriters have accurate and up to date information to assist them in performing their duties are key to this role as is the ability to work in a team environment.

Job Responsibilities

• Enter enquiries, quotes, new and renewal business and endorsements into policy administration system in accordance with underwriting guidelines and within agreed timelines and accuracy levels (including creating of risk references)
• Timely scanning of risk documentation to folders and document management systems
• Track the status of all risks through every stage in the risk cycle
• Track and monitor policy subjectivities
• Management of team email inboxes
• Monitor upcoming renewals and new risks in the business pipeline
• Provide pre-underwriting and rating support to Underwriters, ensuring calculations of premiums and local taxes are accurate for reporting requirements
• Adherence with Lloyd's Minimum Standards including Pre-Bind Quality Assurance
• Ensure accurate and timely capture of estimated income, declarations and bordereaux on binders
• Collate and send binding authority documentation to Delegated Underwriting Authority team for due diligence
• Send risk and location information to the Exposure Management team for modelling

Broker/Client/Third Party Interaction:

• Provide a professional service to brokers, clients and third parties
• Maintain and develop key relationships and respond to queries in a timely fashion
• Prepare for, attend and take minutes at client and broker meetings
• Liaise with brokers to ensure Slips and additional information received are accurate, complete and on time

Reporting & Operational Requirements:

• Provide accurate management information to the underwriting team and senior management
• Produce regular and ad hoc reports, presentations and other team literature
• Monitor credit control and aged debt ensuring the timely collection of premiums
• Ensure all data verification checks are completed in a timely manner and errors escalated and resolved accordingly
• Ensure all month end activities are completed within required timeframes to facilitate Syndicate and Lloyd's reporting, including:
• LPSOs allocated to policies and audit trail maintained
• risks moved to status of Written
• pricing information accurate and complete in policy administration system o differences in premium resolved in the policy administration system
• checks, referrals and peer reviews complete and evidenced in the document management system

General Requirements:

• Identify and report problems within the policy administration system and assist with solution design
• Assist with User Acceptance Testing of the policy administration system
• Interact with all SMAL teams i.e. exposure management, underwriting management, claims, finance, operations and compliance on matters affecting or related to accounts within the team's portfolio
• Help maintain SMAL minimum standards by assisting other underwriting assistants in achieving their service/quality levels and targets as required
• Participate in cross-team projects
• Undertake any other reasonable duties as may be requested by SMAL staff
• Comply with SMAL policies, procedures and regulations relevant to your role
• Manage training needs through attendance of relevant training and exams 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

Required Education

• Educated to A Level, or equivalent qualifications
• Relevant university degree, or equivalence
• ACII Qualified

Required experience & competencies

• Solid experience within administration with good attention to detail
• Background in accurate, high volume data entry
• Highly proficient in the use of Excel Desirable
• Prior insurance experience
• Familiar with using UW systems, rating tools, reporting etc particularly Xuber would be an advantage

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  General Business

• Industries

  Insurance

Referrals increase your chances of interviewing at SCOR by 2x

Get notified about new Underwriting Assistant jobs in City Of London, England, United Kingdom.

London, England, United Kingdom 3 days ago

London, England, United Kingdom 2 weeks ago

City Of London, England, United Kingdom 3 days ago

London Area, United Kingdom £30,000.00-£33,500.00 21 hours ago

London, England, United Kingdom 1 month ago

City Of London, England, United Kingdom 3 days ago

London Area, United Kingdom £35,000.00-£37,500.00 19 hours ago

Assistant Underwriter - Transactional Liability

London, England, United Kingdom 23 hours ago

London, England, United Kingdom 2 weeks ago

Underwriting Operations Assistant-Reinsurance & Lloyds

Greater London, England, United Kingdom 2 weeks ago

Assistant Underwriter, Corporate Property

London, England, United Kingdom 1 week ago

Surrey, England, United Kingdom 3 days ago

London, England, United Kingdom 3 weeks ago

London, England, United Kingdom 1 day ago

Underwriting Assistant - Political Violence

London, England, United Kingdom 1 week ago

Assistant Underwriter - Conventional Power & Renewable Energy

London, England, United Kingdom 6 days ago

London, England, United Kingdom 1 day ago

Assistant/Junior Credit and Political Risk Underwriter

Surrey, England, United Kingdom 1 day ago

London, England, United Kingdom 1 week ago

Greater London, England, United Kingdom 1 week ago

City Of London, England, United Kingdom £45,000.00-£60,000.00 3 weeks ago

Underwriter, High Net Worth (12 Month FTC)

London, England, United Kingdom 1 week ago

London, England, United Kingdom 3 days ago

Basildon, England, United Kingdom 1 month ago

London, England, United Kingdom 3 weeks ago

Underwriter I – Wholesale Casualty, UK & Ireland

London, England, United Kingdom 2 weeks ago

London Area, United Kingdom £30,000.00-£40,000.00 1 month ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.