At a Glance
- Tasks: Manage client portfolios, negotiate contracts, and contribute to profitable underwriting.
- Company: Join SCOR, a leading global reinsurer with a collaborative culture.
- Benefits: Competitive salary, diverse opportunities, and a focus on inclusion.
- Other info: Dynamic environment with opportunities for growth and international exposure.
- Why this job: Make an impact in the insurance industry while working with top professionals.
- Qualifications: A Level education or equivalent; experience in underwriting preferred.
The predicted salary is between 58540 - 71548 £ per year.
Manage the existing portfolio (renewals, endorsements, risk and client visits, client meetings, claims involvement). Contribute positively to the overall results of SCOR Specialty Insurance by demonstrably sound technical and profitable underwriting. Develop SCOR’s market share and leadership position. Enhance SCOR’s image in the market by efficient and innovative support of client needs. Negotiate bespoke service line specific wordings. Represent SCOR at international events, both general industry conferences and client hosted annual conferences.
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.
Required Education
- Essential: Educated to A Level, or equivalent qualifications
- Desirable: Relevant university degree, or equivalence ACII Qualified
Required experience & competencies
- Experience Essential: Established underwriter with several years of direct underwriting experience in the London market or elsewhere
- Proven underwriting skills including wording negotiation
- Established market relationships
- Experience of writing international business
- Desired: Established client relationships
Competencies
- Sound technical knowledge of subjects associated to underwriting as well as a wider understanding of related legal, risk management, social and economic topics
- Knowledge of competitors, cedants, reinsurers and brokers within the London market and internationally
- Commercial and tactical vision
- Ability to successfully negotiate “face-to-face” with brokers
- Ability to lead business
- Ability to promote the underwriting policy
- Ability to use spreadsheets to a good standard
- Able to adapt well to SCOR structure and philosophy, which includes technical underwriting and technical referrals
- Ability to quickly acquire a thorough understanding of SCOR’s underwriting policy and guidelines
- Understanding of company computer systems
- Team player as well as capable of working on own initiative
- Proactive
- Strong verbal and written communication skills
Receive, select and evaluate offers of business from various sources, calculate ratings and negotiate the bespoke wordings of the contracts. Generate and originate new offers and promote SCOR by pro-active marketing in accordance with the strategy and guidelines defined in the SCOR Roadmap and relevant guidelines. Maintain and develop relationships with clients and brokers; travel as and when required to do so. Attend broker and client hosted events. Respond to all enquiries in a timely manner. Assist the Global Line Head in the research, development and report on new areas of potential profitable growth. Maintain accurate records of quotes, risks accepted and declinatures. Control and verify premium income according to business plan. Assist the Global Line Head to produce reports of various formats for reporting purposes as required. Contribute to the claims settlement process in conjunction with the claims department. Contribute to the division’s technical knowledge of sectors and sub-sectors in which the jobholder is working. Motivate, encourage and contribute to the training of the team. Attend SCOR’s Lloyd’s box to service brokers submissions and endorsements, and negotiate policy terms. Ensure compliance with all relevant international licensing requirements for SCOR’s various offices.
Underwriter, North American Binding Authority - SCOR Business Solutions (SBS) in London employer: SCOR Global Life
SCOR is an exceptional employer that fosters a collaborative and inclusive work culture, where employees are empowered to thrive through shared values and innovative thinking. As a Talent Acquisition Specialist, you will have the opportunity to engage with top industry professionals while contributing to meaningful projects that enhance societal resilience. With a strong focus on employee growth and development, SCOR offers a dynamic environment that encourages creativity and supports diverse talent across its global operations.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, North American Binding Authority - SCOR Business Solutions (SBS) in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like SCOR Global Life. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Underwriter, North American Binding Authority - SCOR Business Solutions (SBS) in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to SCOR Global Life.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on SCOR Global Life's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at SCOR Global Life
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with SCOR Global Life.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at SCOR Global Life will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former SCOR Global Life employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
