At a Glance
- Tasks: Join our team to underwrite and manage a diverse portfolio of financial institutions.
- Company: SCOR, a leading global reinsurer with a collaborative culture.
- Benefits: Competitive salary, inclusive environment, and opportunities for professional growth.
- Other info: Dynamic workplace with a focus on innovation and continuous improvement.
- Why this job: Make an impact in the financial sector while developing your underwriting skills.
- Qualifications: Experience in underwriting or related roles, strong analytical and communication skills.
The predicted salary is between 63000 - 77000 £ per year.
We are seeking a motivated and commercially minded individual to join our Financial Institutions (FI) underwriting team. This is an excellent opportunity for an existing underwriter with previous experience in FI, looking to take the next step into a more autonomous and visible underwriting role.
The successful candidate will support the underwriting and management of a portfolio of Financial Institutions risks, including banks, asset managers, private equity firms, insurance companies, fintechs, and other financial services businesses. You will work closely with senior underwriters, brokers, and other stakeholders to develop technical underwriting skills while building a strong understanding of the FI market.
Responsibilities
- Underwriting new business and renewals within delegated authority limits.
- Review submissions, financial information, proposal forms, and supporting documentation.
- Attend and actively participate in client and broker meetings.
- Prepare underwriting and pricing analysis for review by senior team members.
- Support portfolio monitoring and exposure management activities.
- Build and maintain relationships with brokers and key trading partners.
- Attend/host broker meetings, market presentations, and industry events.
- Respond to broker enquiries in a timely and professional manner.
- Support retention of existing business and identification of new opportunities.
- Assist in monitoring profitability, rate adequacy, and portfolio performance.
- Maintain accurate underwriting records and systems.
- Ensure compliance with underwriting guidelines, regulatory requirements, and internal controls.
- Contribute to portfolio reviews and underwriting audits.
- Work closely with senior underwriters, claims, actuarial, legal, and operations teams.
- Participate in underwriting discussions and referral processes.
- Contribute to continuous improvement initiatives and process enhancement.
Qualifications
- Demonstrated underwriting experience as an FI Underwriter.
- Several years experience as either an Underwriter, an Assistant, Broker Technician, Account Executive, or similar role but preferably in Financial Institutions, Financial Lines, Professional Indemnity, D&O, Cyber, Specialty Lines.
- Understanding of underwriting principles and insurance products.
- Strong analytical and numerical skills.
- Excellent communication and relationship-building abilities.
- Highly organised with strong attention to detail.
- Ability to manage multiple priorities in a fast-paced environment.
- Cycle Management – Ability to manage underwriting decisions and relationships around the market's cyclical nature.
- Commercial Business Acumen – Ability to negotiate profitable business with a structure that works for both client and SCOR.
- Critical Thinking – Ability to assess risks, analyse market trends, and make data-driven underwriting decisions.
- Negotiation & Persuasion – Ability to support negotiations involving complex policies.
- Entrepreneurial Spirit – Ability to identify new market opportunities and adapt to emerging risks.
- Intellectual Curiosity – Genuine desire to learn and explore new ideas.
- Emerging Risk Discovery – Focus on identifying and evaluating new risks.
Required Education
- Undergraduate degree or qualified by experience or equivalent.
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. Working at SCOR means engaging with some of the best minds in the industry.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
Underwriter , Financial Institutions - SBS (SCOR Business Solutions) employer: SCOR
SCOR is an exceptional employer, offering a vibrant and inclusive work culture that fosters collaboration and innovation within its dynamic actuarial team. As an intern in the heart of the Lloyd's of London insurance market, you will gain hands-on experience with cutting-edge modelling tools while working alongside industry experts, ensuring ample opportunities for personal and professional growth. With a commitment to diversity and employee well-being, SCOR not only values your contributions but also supports your development in a meaningful and rewarding environment.
