13 Oct
SCOR
London
Job description
As a prospective employee you should have a keen eye for detail, good communication, organisational and importantly data analytical skills.
You must also have the ability to ensure that the underwriters have accurate and up to date information to assist them in performing their duties are key to this role as is the ability to work in a team environment.
Underwriting Support :
- Enter enquiries, quotes, new and renewal business and endorsements into policy administration system in accordance with underwriting guidelines and within agreed timelines and accuracy levels (including creating of risk references)
- 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
- Track and monitor policy subjectivities
- Production and issuance of policy documentation
- Management of team email inboxes
- Monitor upcoming renewals and new risks in the business pipelineResearch submissions using appropriate sources e.g. Exclusive Analysis, Internet etc
- Provide pre-underwriting and rating support to Underwriters, ensuring calculations of premiums and local taxes are accurate for reporting requirements
- Adherence with Lloyd’s Minimum Standards including Pre-Bind Quality Assurance
- Ensure accurate and timely capture of estimated income, declarations and bordereaux on binders
- Collate and send binding authority documentation to Delegated Underwriting Authority team for due diligence
- Send risk and location information to the Exposure Management team for modelling
Broker / Client / Third Party Interaction :
- Provide a professional service to brokers, clients and third parties
- Maintain and develop key relationships and respond to queries in a timely fashion
- Prepare for, attend and take minutes at client and broker meetings
- Liaise with brokers to ensure Slips and additional information received are accurate, 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
- Ensure all month end activities are completed within required timeframes to facilitate Syndicate and Lloyd’s reporting, including : LPSOs allocated to policies and audit trail maintained risks moved to status of Written pricing information accurate and complete in policy administration system o differences in premium resolved in the policy administration system checks, referrals and peer reviews complete and evidenced in the document management system
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 i.e.
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 principal of Treating Customers Fairly
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.
Essential
- Solid experience within administration with good attention to detail
- Background in accurate, high volume data entry
- Highly proficient in the use of Excel Desirable
- Prior insurance experience
Desirable
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
- Relevant University Degree or equivalent
- Commenced, or willing to commence, CII studies.
- Language Skills
▶️ Underwriting Assistant - Fine Art & Specie
🖊️ SCOR
📍 London