At a Glance
- Tasks: Support Underwriters in managing the EMEA MGA portfolio and ensure smooth operations.
- Company: Join SCOR, a leading global reinsurer with a collaborative culture.
- Benefits: Gain valuable experience in the insurance industry while working with top professionals.
- Other info: Dynamic work environment with opportunities for growth and development.
- Why this job: Make an impact by supporting decision-making and enhancing operational efficiency.
- Qualifications: A Levels or equivalent; proficiency in Excel; insurance market experience is a plus.
The predicted salary is between 29700 - 36300 £ per year.
Supporting the Underwriters within the team to ensure that the EMEA MGA portfolio operates smoothly from both an operational and data-monitoring perspective, and that the Head of EMEA MGAs has accurate and timely information to support decision-making, are central to the position. A collaborative, team-orientated approach is also essential.
Responsibilities
- New Business Support: Assist Underwriters with the researching new business opportunities and collating relevant information. Assisting in the collation and sending of binding authority documentation to Delegated Underwriting Authority team for due diligence and offering assistance to the Operations team where required. Assist in the gathering and sending of risk and location information to the Exposure Management team for modelling. Responsibility for completing timely and accurate review of bordereaux submissions, monitoring processing and compliance with contractual requirements. Liaising with the Operations team to ensure timely and accurate data flow.
- Booking & Payment Oversight: Liaising with Underwriters to ensure accurate and timely capture of estimated income, declarations and bordereaux on binders. Provide support with premium and claims booking processes, ensuring accuracy and timely payment execution. Assist Underwriters in the execution of audit activities in collaboration with the Operations team, including preparation of audit documentation and support during underwriting audits. Assist in the compilation and maintenance of audit files to support underwriting audits and compliance requirements.
- Quarterly Reporting Validation: Support the validation of the data for quarterly reports in partnership with Pricing and Operations teams to ensure accuracy and completeness. Work with Underwriters to ensure all quarterly PSOs have been completed and distributed within a timely manner and ensure actions are followed up on and completed.
- Client Meeting Coordination: Support in the organising & attending quarterly client meetings, complete and distribute meeting minutes, and manage follow-up actions. Collaborate with Pricing and Operations teams to develop and enhance internal dashboards, incorporating feedback from Underwriting.
- Planning: Support the EMEA MGA team in gathering data for the annual planning process.
Qualifications
- Required Education: Educated to A Level, or equivalent qualifications. Relevant university degree, or equivalence.
- Required experience & competencies: Highly proficient in the use of Excel. Experience within the MGA insurance market is desirable, particularly across one or multiple of Operations, Analytics, Actuarial or Underwriting.
Locations Level 6, London, United Kingdom, EC2N 4BQ, GB
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
Assistant Underwriter, EMEA MGA employer: SCOR UK Company Limited
SCOR is an exceptional employer, offering a collaborative and inclusive work culture that values the contributions of every team member. Located in the heart of London, employees benefit from engaging with industry experts while enjoying opportunities for professional growth and development. With a commitment to diversity and a focus on innovation, SCOR provides a dynamic environment where individuals can thrive and make a meaningful impact in the insurance and reinsurance sectors.
