Assistant Underwriter, PCR - SCOR Business Solutions (SBS) in London

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-binding 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 slips.
• Ensure 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.
• Attend SCOR’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 & 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 principle of Treating Customers Fairly.

Qualifications:

• Proven experience within a similar role.
• Proven experience within an underwriting team as an assistant underwriter or underwriting assistant 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.