We are looking for an Assistant Underwriter to support our Construction department in EMEA. You will work with 5 underwriters and help them with their daily tasks, in coordination with data capture teams, technical accounting, and operations. You will also assist them in managing their book of business and improving the underwriting process. The role holder will 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.
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
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
Track the live status of all risks through every stage in the risk cycle
Monitor upcoming renewals and risks in the new business pipeline
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
General Requirements:
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 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.
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.
