SCOR
Assistant Underwriter - Construction - Scor Business Solutions (SBS)
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Do you want to work for a leading global reinsurance company that provides innovative solutions to the insurance industry? Do you want to learn and grow with a team of experts in Construction Insurance? Do you want to have a clear career path to becoming a construction underwriter?
If you answered yes to these questions, then you might be the perfect fit for our Assistant Underwriter position.
This is a great opportunity to join SCOR, a company that values excellence, innovation, and teamwork. You will work in a dynamic and supportive environment, where you will receive training, feedback, and recognition. You will also have the chance to work on challenging and diverse projects, and contribute to the success of our business.
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.
Role Overview
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 analyzing enquiries sent to the team, and responding to brokers with non-binding indications/declinatures, where relevant.
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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.
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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 qualifications
Desirable
- Bachelor degree in engineering, actuarial/mathematics, finance, Insurance, or risk management.
- ACII Diploma.
- Progression towards a professional qualification.
Required Experience & Competencies
Essential
- Willingness to learn and develop strong technical skills in Construction Insurance.
- Strong analytical abilities and attention to detail.
- A track record for solution finding/problem solving as well as building and maintaining integrated workbooks and dashboards in Microsoft Excel.
Desirable
- Experience in risk, finance, or insurance is a plus but not mandatory.
- Good MS Office applications skills (Outlook, Word, Excel, PowerPoint).
- Programming capabilities.
- Familiar with using UW systems, rating tools, reporting, etc.
- Experience within an International environment.
Personal Competencies
- Outcome focused, self-motivated, flexible, enthusiastic.
- Professional approach to working with key stakeholders at all levels of authority.
- Organised.
- Demonstrate ability to manage time, meet deadlines, and prioritize effectively.
- Proactive with drive to succeed.
- Uses initiative and common sense.
- Approachable.
- Strong communication skills verbally, in writing, and via email and telephone.
- Team player as well as capable of working on own initiative.
Desired Skills and Experience
- Underwriting
If this sounds like the right opportunity for you, then please apply and get ready to make your mark
#scorcareers #underwriting
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