Assistant Underwriter, International Binders

Assistant Underwriter, International Binders

London, United Kingdom

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The role holder will be responsible, with underwriter support, for reviewing, pricing, analysing and managing underwriting enquiries and binding author ties.

Underwriting within guidelines of letter of authority.

Handle undewriting referrals from MGAs and coverholders, accepting or declining, or amending terms as appropriate.

Assist with the management and supervision of binding authorities, including renewals of existing binding authorities and the onboarding of new MGAs.

Liaising with other stakerholders such as delegated underwriting, claims, compliance, actuarial, and wordings teams.

Undertake actuarial pricing projections using historic loss ratio, premum and claims information.

Research submissions using appropriate sources.

Verifying profit commission calculations, gathering data / and co-ordinating internally.

Assisting with compliance work such as fair value assessments.

Ensure calculations of premiums and local taxes are accurate for reporting requirements, and maintainng and monitoring detailed cover holder premium estimates. Chasing bordereau data where necessary and resolving data issues as required.

Ensure timely scanning of core risk documentation to relevant folders or document management systems

Submission of data to outsource rs, data verification and integrity checks

Liaise with the Underwriter as required to ensure contract wording is fit for purpose

Photocopying, filing and archiving of key documentation in a timely manner as required

Broker/Client Interaction:

Provide a professional service to coverholders, brokers, and external suppliers in person, writing, email and telephone

Maintain and develop cover holder and 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

Analysing cover holder data to track and measure changes to rating, exposure and other key metrics.

Produce ad hoc reports, presentations and other team literature for key relations as and when requested

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, DU, operations and compliance on matters in a timely fashian

Help maintain SCOR minimum standards by assisting Underwriting Assistants in achieving their service levels and targets as required

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.

Required Education

Educated to A Level, or equivalent qualifications

Progession towards a professional qualification.

Relevant university degree, or equivalence

Lloyds Market Test

Required experience & competencies

Prior underwriting experience, ideally within property lines.

Good MS Office applications skills (Outlook, Word, Excel, PowerPoint)

Familiar with using UW systems, rating tools, reporting etc

Experience with in an International environment

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 prioritise 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

• Locations Level 6, London, United Kingdom, EC2N 4BQ
  , GB

As a leading global…