Assistant Underwriter, International Binders

The role holder will be responsible, with underwriter support, for reviewing, pricing, analysing and managing underwriting enquiries and binding authorities.

Responsibilities

• Underwriting within guidelines of letter of authority.
• Handle underwriting referrals from MGAs and coverholders, accepting or declining, or amending terms as appropriate.
• Assist with the management and supervision of binding authorities, including renewals of existing binding authorities and the onboarding of new MGAs.
• Liaising with other stakeholders such as delegated underwriting, claims, compliance, actuarial, and wording teams.
• Undertake actuarial pricing projections using historic loss ratio, premium and claims information.
• Research submissions using appropriate sources.
• Verifying profit commission calculations, gathering data and coordinating internally.
• Assisting with compliance work such as fair value assessments.
• Ensure calculations of premiums and local taxes are accurate for reporting requirements, and maintain and monitor detailed coverholder premium estimates.
• Chasing bordereau data where necessary and resolving data issues as required.
• Ensure timely scanning of core risk documentation to relevant folders or document management systems.
• Submission of data to outsourcers, data verification and integrity checks.
• Liaise with the Underwriter as required to ensure contract wording is fit for purpose.
• Photocopying, filing and archiving of key documentation in a timely manner as required.

Broker/Client Interaction

• Provide a professional service to coverholders, brokers, and external suppliers in person, writing, email and telephone.
• Maintain and develop coverholder and broker relationships, responding to queries in a timely fashion.
• Prepare for, attend, and take minutes at client meetings as required.
• Liaise with brokers to ensure all slips and additional information received is accurate and complete.

Reporting & Operational Requirements

• Provide accurate management information to the Underwriting team and senior management when required.
• Analysing coverholder data to track and measure changes to rating, exposure and other key metrics.
• Produce ad hoc reports, presentations and other team literature for key relations as and when requested.

General Requirements

• Identify and report problems within the underwriting administration system and assist with solution design.
• Assist with User Acceptance Testing of the underwriting administration system as and when required.
• Interact with all SCOR teams including claims, DU, operations and compliance on matters in a timely fashion.
• Help maintain SCOR minimum standards by assisting Underwriting Assistants in achieving their service levels and targets as required.
• Participate in cross-team projects as required.
• Undertake any other reasonable duties as may be requested by SCOR staff.
• Comply with SCOR policies, procedures and regulations relevant to your role.
• Manage training needs through attendance of relevant training 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 principle 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.
• Contributing to the team’s targets through effective and quality Underwriting within agreed limits.

Qualifications Required

• Educated to A Level, or equivalent qualifications.
• Progression towards a professional qualification.
• Relevant university degree, or equivalence.
• Lloyds Market Test.

Required experience & competencies

• Prior underwriting experience, ideally within property lines.
• Good MS Office applications skills (Outlook, Word, Excel, PowerPoint).
• Familiar with using UW systems, rating tools, reporting etc.
• Experience within an International environment.
• Outcome focused, self-motivated, flexible, enthusiastic.
• Professional approach to working with key stakeholders at all levels of authority.
• Organised.
• Demonstrate ability to manage time, meet deadlines and prioritise effectively.
• Proactive with drive to succeed.
• Uses initiative and common sense.
• Approachable.
• Strong communication skills verbally, in writing and via email and telephone.
• Team player as well as capable of working on own initiative.

Locations

Level 6, London, United Kingdom, EC2N 4BQ, GB