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- Tasks: Manage client portfolios, negotiate contracts, and enhance SCOR's market presence.
- Company: Join SCOR Business Solutions, a leader in specialty insurance.
- Benefits: Competitive salary, professional development, and opportunities for international travel.
- Why this job: Make an impact in the insurance industry while building valuable relationships.
- Qualifications: A Level education or equivalent; established underwriting experience required.
- Other info: Dynamic team environment with opportunities for growth and learning.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Manage the existing portfolio (renewals, endorsements, risk and client visits, client meetings, claims involvement).
Contribute positively to the overall results of SCOR Specialty Insurance by demonstrably sound technical and profitable underwriting.
Develop SCOR’s market share and leadership position.
Enhance SCOR’s image in the market by efficient and innovative support of client needs.
Negotiate bespoke service line specific wordings.
Represent SCOR at international events, both general industry conferences and client hosted annual conferences.
Receive, select and evaluate offers of business from various sources, calculate ratings and negotiate the bespoke wordings of the contracts.
Generate and originate new offers and promote SCOR by pro-active marketing in accordance with the strategy and guidelines defined in the SCOR Roadmap and relevant guidelines.
Maintain and develop relationships with clients and brokers; travel as and when required to do so.
Attend broker and client hosted events.
Respond to all enquiries in a timely manner.
Assist the Global Line Head in the research, development and report on new areas of potential profitable growth.
Maintain accurate records of quotes, risks accepted and declinatures.
Control and verify premium income according to business plan.
Assist the Global Line Head to produce reports of various formats for reporting purposes as required.
Contribute to the claims settlement process in conjunction with the claims department.
Contribute to the division’s technical knowledge of sectors and sub-sectors in which the jobholder is working.
Motivate, encourage and contribute to the training of the team.
Attend SCOR’s Lloyd’s box to service brokers submissions and endorsements, and negotiate policy terms.
Ensure compliance with all relevant international licensing requirements for SCOR’s various offices.
Required Education
- Essential: Educated to A Level, or equivalent qualifications.
- Desirable: Relevant university degree, or equivalence; ACII Qualified.
Required experience & competencies
- Experience
- Essential: Established underwriter with several years of direct underwriting experience in the London market or elsewhere; proven underwriting skills including wording negotiation; established market relationships; experience of writing international business.
- Desired: Established client relationships.
- Sound technical knowledge of subjects associated to underwriting as well as a wider understanding of related legal, risk management, social and economic topics.
- Knowledge of competitors, cedants, reinsurers and brokers within the London market and internationally.
- Commercial and tactical vision.
- Ability to successfully negotiate “face-to-face” with brokers.
- Ability to lead business.
- Ability to promote the underwriting policy.
- Ability to use spreadsheets to a good standard.
- Able to adapt well to SCOR structure and philosophy, which includes technical underwriting and technical referrals.
- Ability to quickly acquire a thorough understanding of SCOR’s underwriting policy and guidelines.
- Understanding of company computer systems.
- Team player as well as capable of working on own initiative.
- Proactive.
- Strong verbal and written communication skills.
Underwriter, North American Binding Authority - SCOR Business Solutions (SBS) in London employer: SCOR
Contact Detail:
SCOR Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter, North American Binding Authority - SCOR Business Solutions (SBS) in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, conferences, and client meetings to build relationships. Remember, it’s not just about what you know, but who you know!
✨Show Off Your Skills
When you get the chance to chat with potential employers or clients, don’t hold back! Share your underwriting experience and negotiation successes. Let them see how you can contribute to SCOR’s growth and market leadership.
✨Be Proactive
Don’t wait for opportunities to come to you. Reach out to brokers and clients, and offer your insights on market trends. This shows you’re engaged and ready to enhance SCOR’s image in the market.
✨Follow Up
After meetings or networking events, drop a quick email to thank them for their time. It keeps you on their radar and shows your commitment to maintaining those important relationships.
We think you need these skills to ace Underwriter, North American Binding Authority - SCOR Business Solutions (SBS) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role at SCOR. Highlight your relevant experience in underwriting, especially in the London market, and showcase any established relationships with clients and brokers. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for SCOR. Mention specific experiences that demonstrate your technical knowledge and negotiation skills. Remember, we love a proactive approach!
Showcase Your Achievements: When filling out your application, don’t just list your duties; highlight your achievements! Whether it’s successful negotiations or innovative solutions you've implemented, we want to know how you've made a positive impact in your previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining the SCOR family!
How to prepare for a job interview at SCOR
✨Know Your Underwriting Stuff
Make sure you brush up on your technical knowledge related to underwriting. Be prepared to discuss your experience with risk assessment, wording negotiation, and any specific cases you've handled. This will show that you’re not just familiar with the basics but can also contribute positively to SCOR’s portfolio.
✨Show Off Your Market Relationships
Since established market relationships are key for this role, come ready to talk about your connections in the industry. Highlight any successful negotiations or partnerships you've built, and how they could benefit SCOR. This will demonstrate your ability to enhance SCOR’s image and market share.
✨Be Ready to Discuss Client Engagement
Prepare examples of how you've maintained and developed client relationships in the past. Talk about your approach to client meetings, how you handle enquiries, and any innovative solutions you've provided. This will showcase your proactive attitude and commitment to client needs.
✨Demonstrate Your Team Spirit
SCOR values teamwork, so be sure to highlight your experiences working collaboratively. Share instances where you've motivated or trained team members, and how you’ve contributed to a positive team environment. This will show that you can fit into SCOR’s culture while also being a strong individual contributor.
