Senior Property Underwriter

SCOR has created a new Facultative Reinsurance team, to further our success in this market. Whilst Facultative underwriting is not new to us, our focused approach will help secure our position as a market leader. Creating this book of business, in collaboration with the wider Insurance and Reinsurance teams is where this role begins.

Within this role, youare responsible forSCORs Facultative Reinsurance offering, across [INSERT REGION& LOB], developing relationships with clients, and our underwriters.

AsaSeniorUnderwriteryou willsupportthe strategic engagement for our business development, including business origination and maintenance of the SCORCedent Facultativeoffering to clients andbrokers, in the region.

Youplay a key role in theachievement of the Plan, and for the profitability of theCedent Facultativetransactions inyour regional line of business,being part of the successof the underwriting team within the region. Your plan contributionsform part of theregional andglobalCedent Facultativeambition and is achieved through sound technical and profitable underwriting.

These goals are achieved through your skill at developing SCOR’s market share and leadership position across Cedent Facultative Reinsurance through enhancing the Group image in the market by efficient and innovative support of client needs, being the partner,our clients not only need, but ask for.

Responsibilities

No two days are the same, but that is how we become the experts that our clients expect to work with. Producing and managing your portfolios of accounts, through the strong market relationships you have,is at the core of your role at SCOR. The guidelines we develop are built to supporttheunderwriting business planfor your line of business, but you have the chance to do much more than that, by actively contributing to portfolio growth and diversification, supporting the overallorganizationstrategy.

There is always a lot to do, but everything is linked to the overall results ofSCOR, developing our market share, and enhancing our market image.

When you receive, select and evaluate offers of business from various sources, your role is todetermine the quality of the proposal,analyzethe exposure, identify the optimal facultative arrangementand ultimately negotiate the best terms for SCOR whilst satisfying the needs of the client.But we also want you tosupport the development ofour submission pipeline and promote SCOR bypro-activemarketing in line with the strategy and guidelines defined by us.

Business and Market relationships are keyto yours andoursuccess. Bymaintainingand developing these relationships with clients and brokers and attending broker and client hosted events, you get the chance to be part of our growth.

We want you to be curious and innovative. We see research and development as an important part of our work, with a desire to look at new areas of potential profitable growth.

It is also important toemphasizethe importance of working as a team at SCOR. Whetherit’sacross underwriting, or working closely with Claims and Pricing, we are successful because of this collaboration.

Business Development & Marketing

• Prepare client action plans, executive summaries, and marketing materials.

Some of the expectations of your role are:

• Be part of the team deliveringprofitable growth and diversify the portfolioin accordance withstrategy andin accordance withtheFacultativeGuidelines and practices
• Build and maintain strong relationships with clients, brokers, and key stakeholders.

Receive, select, and evaluate offers of business from various sources, calculate pricing,&negotiate conditions of the contracts.

Perform technical analysis of facultative risks focused on portfolio solutions, assessing exposure, terms, and optimal structures.

Underwrite, price, and negotiate terms and conditions to ensure profitability and competitiveness.

• Take time toidentify, research, develop and report on new areas of profitable growth
• Be comfortable in marketingandcrosssellingthecapabilitiesof other units across the Group, be it Treaties,AS, Specialty Lines or SBStoManagers,Brokersand Ceding Companies
• Developmarketing materials and intelligence documentation based on research and analysis of both the portfolio results and the market data
• Provide technicalexpertise, best practices and mentoring to underwriters in the region thatassistin sourcing new business opportunities
• Collaborate with peersinother regions to share market intelligence, best practices but most importantly ensuring that our underwritingmethodologyis consistent throughout the World.
• Assistother business lines in local market interactions to support cross-LOB growth
• Collaborate withthe Claims Functionin negotiating/resolving the claims arising from your portfolio.
• Participate in client visits, market events, and marketing initiatives.
• Promote cross-selling opportunities across the Group’s lines of business.
• Ensure data quality and reporting to all our IT systems

Qualifications

Minimum 5 years experience in Property (re)insurance underwriting, facultative focused in portfolio solutions and/or treaty.

Strong technical expertise in insurance and reinsurance principles

Proven experience in business development, negotiation, and relationship management.

Advanced analytical skills for risk assessment and profitability analysis.

University degree and/or relevant professional qualifications

Cycle Management – Having the ability to manage underwriting decisions and relationships around the market's cyclical nature; Youcanflex your mindset around underwriting strategy, capacity management, portfoliomanagementand long-term partnerships to achieve successful and profitable underwriting decisions

Commercial Business Acumen – You are able to negotiate profitable business with a structure that works for bothclientand SCOR.

Critical Thinking – You can assess complex risks,analyzemarket trends, and make data-driven underwriting decisions to improve profitability whilst mitigating exposure.

Negotiation & Persuasion – You can lead negotiations involving complex policies, ensuring client satisfaction and profitability, negotiating terms, resolving conflicts, and advocating for clients

Entrepreneurial Spirit – You canidentifynew market opportunities, develop innovativeproductsand adapt to emerging risks

Intellectual Curiosity – You have the genuine desire to learn,understandand explorenew ideas,conceptsand perspectives, and produce credible industry collateral to place SCOR as a Market Thought Leader

Emerging Risk Discovery – You focus onidentifyingand evaluating new risks,monitoringand assessing non-traditional risks, and developingstrategiesto address these risks

Success Measures (Suggested KPIs)

• Combined ratio / overall profitability
• Client retention and relationship strength
• New business generation
• Pricing discipline and underwriting quality
• Compliance with reporting and governance requirements

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.