Underwriting Assistant

1 month ago

London, Greater London, United Kingdom SCOR Full time
Job Title: Underwriting Assistant

As a key member of the SCOR team, we are seeking an Underwriting Assistant to support our underwriting operations. This role is ideal for individuals with a keen eye for detail, excellent communication skills, and a passion for data analysis.

Key Responsibilities:
  • Enter enquiries, quotes, new and renewal business, and endorsements into the policy administration system, ensuring accuracy and adherence to underwriting guidelines.
  • Timely scanning of risk documentation to folders and document management systems.
  • Manage the administration of the team's portfolio tool to enable sufficient MI reporting.
  • Track the status of all risks through every stage in the risk cycle.
  • Manage team email inboxes and monitor upcoming renewals and new risks in the business pipeline.
  • Research submissions using appropriate sources, such as Standard and Poors' Capital IQ, news outlets, etc.
  • Provide pre-underwriting and rating support to Underwriters, including creating meeting packs for Underwriters for existing and potential clients.
  • Adhere to Lloyd's Minimum Standards, including Pre-Bind Quality Assurance.
  • Ensure all month-end activities are completed within required timeframes to facilitate Syndicate and Lloyd's reporting and exception reports.
Broker/Client Interaction:
  • Provide a professional service to brokers, clients, and third parties.
  • Maintain and develop key relationships, responding to queries in a timely fashion.
  • Prepare briefs, attend, and take minutes for client and broker meetings as required.
  • Liaise with brokers to ensure all slips and additional information received is accurate and complete and on time.
Reporting & Operational Requirements:
  • Provide accurate management information to the Underwriting team and senior management.
  • Produce ad hoc reports, presentations, and other team literature for key relations as and when requested.
  • Monitor credit control and aged debt, ensuring the timely collection of premiums.
  • Ensure all data verification checks are completed in a timely manner and errors escalated and resolved accordingly.
  • Provide reporting for weekly meetings.
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 SMAL teams, including exposure management, underwriting management, claims, finance, operations, and compliance, on matters affecting or related to accounts within the team's portfolio.
  • Help maintain SMAL minimum standards by assisting other underwriting assistants in achieving their service/quality levels and targets as required.
  • Participate in cross-team projects.
  • Undertake any other reasonable duties as may be requested by SMAL staff.
  • Comply with SMAL policies, procedures, and regulations relevant to your role.
  • Manage training needs through attendance of relevant training and exams 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 principle of Treating Customers Fairly.

As an Underwriting Assistant at SCOR, you will have the opportunity to work in a dynamic and supportive team environment, contributing to the company's success by ensuring that underwriters have accurate and up-to-date information to assist them in performing their duties.

Essential:

  • Administration experience.
  • Highly proficient in the use of Excel.
  • Proficient in the use of Powerpoint.
  • Previous experience working in an office environment.

Desirable:

  • Previous Insurance experience.
  • Familiar with using UW systems, rating tools, reporting, etc., but Xuber would be an advantage.

Competencies:

  • Outcome-focused, self-motivated, flexible, enthusiastic.
  • Professional approach to working with key relations 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.

Required Education:

Essential:

  • Educated to A Level or equivalent.

Desirable:

  • Bachelors Degree or equivalent.
  • Commenced, or willing to commence, CII studies.

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