Assistant Underwriter, PCR - SCOR Business Solutions (SBS)
London, United Kingdom
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Job Description
The role holder will be required to provide reliable, accurate and efficient support to the Underwriting team and provide quality customer service to all key brokers and clients.
The role holder will also be responsible, with underwriter support, for reviewing, pricing and analysing enquiries sent to the team, and responding to brokers with non-binging indications / declinatures, where relevant
Responsibilities
Underwriting within guidelines of letter of authority for NBIs, renewals, new business and endorsements as required.
Contract certainty checks on all lead slipsEnsure KYC is up to date on all SCOR Europe business
Review and rate all enquiries reviewed to obtain adequacy ratios
Know the referral criteria and ensure all underwriters have referred relevant risks to relevant reviewers
Know sanctioned risks and refer to Compliance team if required
Photocopying, filing and archiving of key documentation in a timely manner as required
Ensure calculations of premiums and local taxes are accurate for reporting requirements.
Ensure timely scanning of core risk documentation to relevant folders or document management systems
Data verification and integrity checks
Liaise with the Underwriter as required to ensure contract wording is fit for purpose
Research submissions using appropriate sources
Work with the PCR credit analysts to discuss the financial position of obligors on relevant risks
Track the live status of all risks through every stage in the risk cycle
Monitor upcoming renewals and risks in the new business pipeline
AttendSCOR’s Lloyd’s box to service brokers submissions and endorsements, and negotiate policy terms
Broker/Client Interaction:
Provide a professional service to brokers, clients and external suppliers in person, writing, email and telephone
Maintain and develop 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 &
Reporting & Operational Requirements:
Provide accurate management information to the Underwriting team and senior management when required
Produce ad hoc reports, presentations and other team literature for key relations as and when requested
Monitor and chase brokers for all credit control aged debt ensuring the timely collection of premiums
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, finance, operations and compliance on matters affecting or related to accounts within the team’s portfolio.
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 principal of Treating Customers Fairly
Qualifications
Required experience & competencies
- Proven experience within a similar role
- Proven experience within an underwriting team as an assistant underwriter or underwriting assistant l in the London market or elsewhere
Good MS Office applications skills (Outlook, Word, Excel, PowerPoint)
Familiar with using UW systems, rating tools, reporting etc, but particularly Xuber would be an advantage
Experience within an International environment
Required Education
- Educated to A Level or equivalent
- Relevant university degree
- ACII Diploma
Progression towards a professional qualification
- Locations Level 6, London, United Kingdom, EC2N 4BQ, GB
About Us
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.
Assistant Underwriter, PCR - SCOR Business Solutions (SBS) employer: SCOR
SCOR is an exceptional employer that fosters a collaborative and inclusive work culture, where employees engage with top industry professionals to tackle significant societal challenges. With a strong commitment to employee growth, SCOR offers innovative training opportunities and encourages the integration of data science and AI in its processes, ensuring that team members are at the forefront of the reinsurance industry. Located in the UK, SCOR provides a dynamic environment that values diversity and supports individuals with disabilities, making it a truly rewarding place to build a meaningful career.
