At a Glance
- Tasks: Manage client portfolios and negotiate bespoke insurance contracts.
- Company: Join SCOR, a leading global reinsurer with a collaborative culture.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Dynamic role with opportunities to travel and attend international events.
- Why this job: Make an impact in the insurance industry while working with top professionals.
- Qualifications: A Level education or equivalent, with relevant underwriting experience.
The predicted salary is between 60000 - 80000 £ 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.
Responsibilities
- 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.
Qualifications
Required Education
- Educated to A Level, or equivalent qualifications.
- Relevant university degree, or equivalence.
- ACII Qualified.
Required experience & competencies
- 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.
- 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.
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.
Underwriter, North American Binding Authority - SCOR Business Solutions (SBS) employer: SCOR
SCOR is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. Employees benefit from engaging with industry leaders and have ample opportunities for professional growth through training and development initiatives. With a strong commitment to diversity and inclusion, SCOR fosters a culture that values integrity, courage, and open-mindedness, making it a rewarding place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, North American Binding Authority - SCOR Business Solutions (SBS)
✨Tip Number 1
Network like a pro! Attend industry events and conferences where you can meet brokers and clients face-to-face. Building those relationships can really help us stand out when it comes to landing that underwriter role.
✨Tip Number 2
Show off your negotiation skills! When you get the chance, practice negotiating terms and wordings with peers or mentors. This will not only boost your confidence but also prepare you for those crucial discussions with brokers.
✨Tip Number 3
Stay updated on market trends! Keep an eye on competitors and changes in the London market. This knowledge will help us demonstrate our expertise during interviews and show that we’re proactive about our professional development.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining SCOR and being part of our innovative team.
We think you need these skills to ace Underwriter, North American Binding Authority - SCOR Business Solutions (SBS)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your relevant experience in underwriting, especially in the London market, and showcase any established relationships with brokers or clients.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for SCOR. Mention specific examples of your underwriting successes and how you can contribute to our market share and leadership position.
Showcase Your Technical Skills:We want to see your technical knowledge shine through! Include details about your experience with bespoke wordings and your ability to negotiate effectively. This will help us understand your expertise in the field.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining the SCOR team!
How to prepare for a job interview at SCOR
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially in relation to the London market. Be ready to discuss your experience with risk evaluation, contract negotiations, and how you've managed client relationships in the past.
✨Showcase Your Negotiation Skills
Since negotiation is key for this role, prepare examples of successful negotiations you've led. Think about specific instances where you negotiated bespoke wordings or terms that benefited both parties.
✨Understand SCOR’s Values
Familiarise yourself with SCOR’s core values and 'The SCOR Way'. Be prepared to discuss how your personal values align with theirs and how you can contribute to their mission of serving clients and society.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare insightful questions about SCOR’s strategies, market position, and future growth areas. This shows your genuine interest in the company and the role.
