SVP, Lead Engineering Underwriter, Fac Reinsurance, NA

Role Overview:

SCOR has created a new global 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 key market in the industry. Creating this book of business, in collaboration with the wider Insurance and Reinsurance teams is where this role begins. Within this role, you are responsible for SCORs Facultative Engineering and Construction Reinsurance offering, across the United States and Canada, developing and strengthening relationships with cedants and brokers and collaborating internally with peers and counterparts in the global SCOR organization. As a lead Underwriter for Engineering and Construction you will drive the strategic engagement for our business development, including business origination and maintenance of the SCOR Facultative offering to cedants and brokers, in the region. You will also help to build the property business as required. You play a key role in the achievement of the Plan, and for the profitability of the Cedant Facultative transactions in the US and Canada, being part of the success of the underwriting team within the region. Your plan contributions form part of the regional and global Cedant Facultative ambition and is achieved through sound technical and profitable underwriting. These goals require experienced commercial skills to develop SCOR's market share and leadership position across Facultative Reinsurance. 

Strategic Client Engagement – Support the development & delivery of the regional facultative ceding strategy across your line of business through the origination of placements in line with capacity and risk appetite requirements.

Team Collaboration – Create strong, collaborative relationships with internal Reinsurance & Insurance leaders to drive the creation of profitable business, and ensuring SCOR is represented in an aligned manner to our clients.

Market Negotiation - Negotiate terms, pricing and conditions to secure and provide the best possible facultative reinsurance solutions.

Portfolio Optimization - Manage and renew an existing portfolio of facultative deals currently in place, assessing placements against our risk profile, identify exposures and optimize capacity allocation.

Analytics Discovery - Collaborate with analytics and risk modelling teams to determine optional facultative reinsurance needs based on exposure and loss scenarios.

Client Management - Maintain relationships with cedants and brokers, showcasing our position in the market, and additional value provided through our expertise.

Operational Excellence – Adequate deal documentation, including reporting, reserving and claims settlements in conjunction with the relevant departments.

Compliance - Ensure facultative placements meeting internal governance, compliance and regulatory requirements, firmly within our Internal Control Systems process and guidelines within the region.

New Market Ideation – Stay informed on market developments, pricing shifts, and capacity changes, using this market intelligence to optimize facultative products, timing and portfolio management.

Desired Experience:

• 10 years of relevant industry experience in facultative underwriting in the US, preferably with expertise in engineering, construction, and/or property.
• Comprehensive technical knowledge of subjects associated to facultative underwriting as well as a wider awareness of related actuary, accounting, legal, & regulatory topics.
• Experience working in matrix organizations and in an international environment.
• Team player and strong collaborator.
• Excellent presentation and marketing skills.

Desired Education:

• Engineering, Science, Rik Management or Business degree.
• Underwriting Designations, including ARe and/or CPCU.

Relocation assistance within the U.S. is available for this position. Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

At SCOR, we CARE about clients, people, and societies, and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical, financial, and emotional well-being of the people who make our company successful - you.

Benefits We Offer

• Medical, vision, and dental coverage
• 401(k) Plan with a competitive match
• Company-funded Defined Contribution Retirement Program
• Life and AD&D insurance
• Long- and Short-Term Disability
• Flexible Parental Leave
• Unlimited Sick Days
• Volunteer Time
• Summer Fridays
• Learning & Development Resources
• Personal Wellness Tools and Rewards
• Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios
• And More

Hybrid Work Policy: SCOR is committed to an "in office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.

Pay Range for roles performed in NY: $254,000-$344,000 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short and long-term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.