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Assistant Underwriter - Property and Power - SCOR Business Solutions (SBS)

SCOR190 open roles

Where
London, United Kingdom
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Your applicationOpen nowAssistant Underwriter - Property and Power - SCOR Business Solutions (SBS)SCOR · London, United Kingdom

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The clock on this job

Early applications get read.

13.9% of postings close within 7 days. Measured by our own scanner across the market. SCOR postings stay open a median of 25 days.

Share of postings closed within
  1. 2.2%1 day
  2. 4.7%3 days
  3. 13.9%7 days
  4. 22.4%14 days
  5. 38.1%30 days
  6. 59.0%60 days
This job: posted today

SCOR median: 25 days open

The posting

Job Description

As an Assistant Underwriter, you will play a key role in supporting the underwriting team across new business, renewals, and endorsements. You will help assess and analyse submissions, review risk information, provide non-binding indications where appropriate, and ensure high-quality service is delivered to brokers and clients.

You will gain exposure to Property and Power business while developing your technical underwriting expertise and understanding of the wider reinsurance market.

Responsibilities

Underwriting & Portfolio Support

  • Review, analyse and rate submissions received from brokers.
  • Support underwriting decisions through data analysis, research and risk assessment.
  • Assist with new business, renewals and endorsements within agreed underwriting authority levels.
  • Monitor renewal pipelines and track risks throughout the underwriting lifecycle.
  • Ensure contract certainty and compliance requirements are met.
  • Support premium calculations, tax reporting requirements and data integrity checks.
  • Work closely with credit analysts and internal stakeholders to assess financial exposures.
  • Prepare underwriting reports, management information and performance data.
  • Maintain accurate underwriting and submission records.

Broker & Client Relationships

  • Build and maintain strong relationships with brokers and clients.
  • Respond promptly to enquiries and provide a professional level of service.
  • Attend broker meetings and market engagements when required.
  • Support negotiations and servicing activities within the Lloyd's and London Market environment.
  • Ensure all submissions and supporting information are complete and accurate.

Reporting & Operational Requirements

  • Monitor credit control and support premium collection activities.
  • Assist with operational reporting and ad hoc data requests.
  • Support system enhancements, testing activities and process improvements.
  • Collaborate with colleagues across underwriting, operations, finance, claims and compliance.
  • Contribute to cross-functional projects and initiatives.

Qualifications

You have experience supporting underwriting activities within the insurance or reinsurance market and enjoy working in a fast-paced, collaborative environment. You are highly organised, detail-oriented and possess strong communication skills, enabling you to build effective relationships with brokers, clients and internal stakeholders. You are comfortable managing multiple priorities, delivering high-quality work to tight deadlines, and using your analytical skills to support sound underwriting decisions.

Essential

  • Previous experience in an Assistant Underwriter, Underwriting Assistant, underwriting support, or similar insurance/reinsurance role
  • Experience working within the London Market, Lloyd's market
  • Strong administrative and organisational skills
  • Excellent communication and stakeholder management skills
  • Ability to prioritise workload and manage multiple deadlines effectively
  • Strong attention to detail and analytical capability

Desirable

  • ACII qualification, or progression towards a recognised insurance qualification
  • Lloyd's Market Test
  • Degree or equivalent experience
  • Advanced Microsoft Office skills, particularly Excel and PowerPoint

About Us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.

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