The Junior Underwriter supports the Underwriter or Market Manager responsible for the local/market accounts, in terms of marketing, underwriting, pricing and administrative activities. We are a dynamic, international team that works in an agile manner. The cross-border team (Cologne, Zurich) is responsible for accounts emanating from South & North Eastern Europe. The Junior Underwriter will make good use of SCOR’s modern tools and contribute towards the company’s targets.
Responsibilities
- Marketing/Underwriting
- Supports the Underwriter or Market Manager in:
- Action planning and setting of targets per client
- Acquisition of new and managing of existing business
- Customer support and responsiveness to clients
- Assessment of offers for reinsurance programs; this includes negotiating terms and conditions, underwriting and pricing the underlying portfolio, all within the scope of the SCOR underwriting/pricing authorities and guidelines
- Collaborating with all relevant departments (actuarial/pricing, claims, legal etc.)
- Travel with the Market Manager or Underwriter. Participate in client visits.
- Prepare market and balance-sheet analyses
- Prepare continuous portfolio analyses and profitability analyses
- Contribute and support P&C strategic initiatives as required
- Supports the Underwriter or Market Manager in:
- Administration
- Review and prepare contractual documents, presentations and statistical analysis, both for internal and external use
- Prepare client visits, data analyses and reviews in cooperation with colleagues and Market Manager
- Enter data relevant for contracting in electronic systems (e.g. xAct Pricing, OMEGA)
Special Projects
On demand: Work on underwriting, technical and marketing projects or studies
Qualifications
Experience
Work experience in (re)insurance with a focus on underwriting, is a strong advantage
Very good knowledge in Finance, Mathematics and Accounting, Economy or Law
Advanced IT skills of standard software (MS Office)
Personal Competences
- Very good analytical skills
Very good communication and negotiation skills
Personal competencies according to company values
Enthusiasm for new business opportunities and the desire to think creatively
Curious about innovations and trends
Required Education
- University degree/Master’s degree in Economics, Mathematics, Insurance, Business Administration or Law with the main focus on insurance business or a qualified insurance operation manager
