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Senior Construction Underwriter

2 months ago


Houston, Texas, United States SCOR Full time

Job Summary:

This position will directly support the profitable growth of the Specialty Insurance team as a Senior Construction Underwriter, producing insurance contracts on a single project or annual basis form within various segments is both US and Canadian territories.

Key Responsibilities:

  • Produce profitable new business from the region in insurance contracts on a single project or annual basis form within various segments.
  • Contribute to the development and quality of the portfolio in accordance with the underwriting policy and the direction being selected by the Global Line of business.
  • Contribute to the commercial activity for the Region, in coordination with other Lines of Business.
  • Give added value to the Global Construction teams on specific technical and/or language skills.

Principal Activities:

  • Underwrite, build and maintain a profitable portfolio in accordance with the Specialty Insurance underwriting guidelines.
  • Underwrite in a technical manner to assess risks in order to determine their insurability and apply appropriate terms and conditions.
  • Identify new business targets in order to develop a profitable profile for Specialty Insurance.
  • Build and maintain relationships with clients and their intermediaries (brokers, risk managers, ceding companies).
  • Visit regularly our clients, brokers, and project sites (travel approximately 20%).
  • Promote SCOR to our customers by using the communication and marketing products (seminars, forums, materials, etc.).
  • Work in close cooperation and coordination with your colleagues in the SCOR network with appropriate sharing of business objectives to produce the best response to your producers and for the division.
  • Analyse the construction portfolio paying particular attention to profitability.
  • Responsibly manage data recorded in our information systems to give an accurate representation of the risks subscribed and to allow portfolio analysis.
  • Supervise the administration of the OMEGA back-office tool (in liaison with the Technical Assistants) in relation to new or existing accounts.
  • Regularly interact with our claims team to inform the underwriting process.

Contract Management:

  • Maintain reliable data in the front-end UW tools.
  • Ensure proper management of contracts (endorsements, renewals, claims, etc.) and proper control of the accuracy of data keyed into the IT system.
  • Maintain profitability and sustainability as a key driver for decision making.

Client Management:

  • Adept a solution-oriented customer centric view, in building on cross selling with other lines of business or with treaty for facultative services.

Global Construction Team:

  • Participating in broader Global construction initiatives and projects.

Required Experience & Competencies:

You are a senior underwriter with at least 5 to 10 years of experience in your insurance market with exposure to all types of international construction risks. Previous experience of working in the construction industry is also desirable.

Key Characteristics Sought Include:

  • Active engagement and contribution to the global construction team is essential.
  • An enquiring mindset with the ability to work independently as a motivated and pro-active self-starter.
  • A clear understanding of the value and role of leadership together with an active approach to risk management.
  • Self-disciplined, principled and decisive decision making.
  • Organized and able to prioritize under pressure.
  • Ability to evaluate, condense and summarize key information.
  • Confidence to develop and maintain a network of brokers and clients.
  • Excellent communication and presentation skills and confident to represent SCOR at conferences, meetings or professional associations.
  • Able to travel occasionally to New York and other hubs.

Required Education:

Engineering degree and/or recognized business, mathematics or insurance degrees.