At a Glance
- Tasks: Underwrite and manage a portfolio of Financial Institutions risks while collaborating with industry experts.
- Company: Join SCOR, a leading global reinsurer known for innovation and risk management.
- Benefits: Competitive salary, diverse work culture, and opportunities for professional growth.
- Other info: Embrace a dynamic environment that values inclusion and collaboration.
- Why this job: Make an impact in the financial sector while developing your underwriting skills.
- Qualifications: Experience in underwriting or related roles, strong analytical skills, and excellent communication.
The predicted salary is between 49500 - 60500 £ per year.
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.
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. 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.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
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, Specialty 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
Competencies:
- Cycle Management – Ability to manage underwriting decisions and relationships around the market's cyclical nature
- Commercial Business Acumen – Ability to negotiate profitable business with a structure that works for both client and SCOR
- Critical Thinking – Ability to assess risks, analyse market trends, and make data-driven underwriting decisions
- Negotiation & Persuasion – Ability to support negotiations involving complex policies
- Entrepreneurial Spirit – Ability to identify new market opportunities and develop innovative products
- Intellectual Curiosity – Genuine desire to learn and explore new ideas
- Emerging Risk Discovery – Focus on identifying and evaluating new risks
Required Education
- Undergraduate degree or qualified by experience or equivalent
Key areas of responsibility:
- 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
Portfolio Management
- 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
Team Collaboration
- 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
Underwriter, Financial Lines - SBS (SCOR Business Solutions) 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.
