Assistant Underwriter, International Binders

Description

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

Responsibilities

Underwriting Support:

• Underwriting within guidelines of letter of authority.

• Understanding coverholder underwriting guidelines.

• 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 coverholder 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 outsourcers 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 coverholder 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 coverholder 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 Companys result by:

• Guaranteeing that the underwriters have accurate and up to date information to assist them in performing their duties.

• Contributing to the teams targets through effective and quality Underwriting within agreed limits.

Qualifications

Required Education

Essential

• Educated to A Level or equivalent qualifications

• Progession towards a professional qualification.

Desirable

• Relevant university degree or equivalence

• Lloyds Market Test

Required experience & competencies

Essential

• Administration experience

• Prior underwriting experience ideally within property lines.

Desirable

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

• Familiar with using UW systems rating tools reporting etc

• Experience within an International environment

• London Market experience.

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 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 Experience:

Junior IC

Employment Type : Contract
Experience: years
Vacancy: 1