Assistant Underwriter - London, United Kingdom - SCOR

SCOR

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

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.

Underwriting Support:

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:

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 crossteam 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

Finalities

Contributes to the Company's result by:

Guaranteeing that the underwriters have accurate and up to date information to assist them in performing their duties.
Contributing to the team's targets through effective and quality Underwriting within agreed limits.

Required education

Essential

Educated to A Level or equivalent

Desirable

ACII Diploma
Progression towards a professional qualification
Lloyds Market Test
Relevant university degree

**Required experience & Competencies

Essential

Administration experience
Proven experience within a similar role Proven underwriter with at least 23 years direct underwriting experience in the London market or elsewhere

Desirable

Familiar with using UW systems, rating tools, reporting etc, but particularly Xuber would be an advantage
Experience within an International environment

Aptitude and Disposition:

Outcome focused, selfmotivated, flexible, enthusiastic
Professional approach to working with key stakeholders at all levels of authority
Organised
Demonstrate ability to manage time, meet deadlines and prioritise effectively
Proactive with drive to succeed
Uses initiative and common sense
Approachable
Team player as well as capable of working on own initiative

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk.

Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all