Assistant Underwriter - International Binders

We are recruiting for an Assistant Underwriter within the International Binders team at SCOR based in our London Office, writing both Property and Casualty across multiple territories. You’ll support wide range of coverholders from independents to multi-national MGA’s, underwrite a diverse portfolio including niche and specialist segments, high-hazard trades, and large co-insurance risks. Your role will have a broad span and include:

• Owning the Binding Authority Performance Management and Binder Renewal processes, including managing key stakeholders within the business (Pricing, Claims, Compliance etc)
• Providing quality underwriting responses to referrals from our coverholders adding value with your expertise
• Supporting the strategic aims of the team by assisting with the oversight, management and governance of multiple binding authorities   
• Aiding retention of existing, and securing new, binding authority opportunities by building meaningful and lasting business relationships with coverholders and placing Lloyd’s brokers, maintaining SCOR’s reputation as a highly capable and responsive lead market for Delegated Authority

We're looking for a detail-oriented and analytically minded individual who is eager to build their career within the insurance market and the curiosity to learn. Whether your experience comes from underwriting, underwriting support, operations or another insurance-related role, you'll enjoy working with data and solving problems. You'll have strong Excel skills and be confident analysing and manipulating large datasets using formulas, pivot tables and other advanced functionality. 

Education and Qualfications

Essential

• Educated to A Level, or equivalent qualification standard 
• Progression towards a professional insurance qualification

Desirable

• Relevant university degree, or equivalent

Required experience & competencies:

Essential

• Administration experience, ideally within the insurance industry 
• Prior underwriting experience, ideally within Property class of business 
• Advanced use of Microsoft Excel 

Desirable

• Completent use of Microsoft Outlook, Word, PowerPoint 
• Familiar with using UW systems, rating tools, reporting etc
• Experience within an International underwriting environment
• London Market insurance experience 

Personal competencies:

• Highly organised and detail oriented 
• Outcome focused, self-motivated, flexible, enthusiastic
• Professional approach to working with key stakeholders at all levels of authority
• Demonstrate ability to manage time, meet deadlines and prioritise effectively
• Proactive with drive to succeed
• Uses initiative and common sense
• Approachable
• Strong communication skills verbally, in writing and via email and telephone
• Ability to work as part of a team as well as being capable of working on own initiative

Underwriting Support

• Reviewing and providing quality, value adding responses to underwriting queries from coverholders, whilst operating always within your underwriting authority
• Maintaining and improving coverholder underwriting guidelines to maximise control and minimise unnecessary underwriting referrals
• Running an effective Binder Renewal process, assisting the underwriters by proactively gathering business plans, draft contracts, performance management information to facilitate renewal reviews  
• Undertaking performance analysis of new opportunities and existing coverholders, using complex datasets, to inform views of key risk indicators such as loss ratio, claims trends, rating adequacy 
• Liaising with stakeholder teams within SCOR such as claims, compliance, actuarial and wordings teams
• Helping to maintain strong Product Governance with policy wording reviews, fair value assessments etc to ensure our product documentation is compliant and of high quality 
• Checking Gross Written Premium Estimates against risk and premium bordereaux submissions, understanding any deviations and recommending revisions where required.  Chasing bordereaux where necessary and resolving data issues as required
• Upkeeping electronic records of core risk documentation, saving files to relevant folders or document management systems in a structured and timely manner 

Lloyd’s Broker/Coverholder Interaction

• Providing a professional service to coverholders, Lloyd’s brokers, and external suppliers in person, writing, email and by telephone
• Maintain and develop coverholder and Lloyd’s broker relationships, responding to queries in a timely fashion
• Prepare for, attend, and accurately minute client meetings as required
• Liaise with Lloyd’s brokers to ensure binding authority contracts and any additional information required is received, is accurate and complete

Reporting & Operational Requirements

• Providing accurate management information to the team and senior management in an appropriate format in a timely manner 
• Analysing coverholder data to track and measure changes to rating, exposure and other key metrics
• Producing ad hoc reports, presentations and other team literature for key relations as and when requested