The position is responsible for developing, marketing, and underwriting of US Property Treaty business. While the skillful underwriting of a program is paramount, the candidate should be also be a team player, willing to contribute to the larger goals of the team. As such, the candidate needs effective communication and project management skills, working with external and internal stakeholders (clients, brokers, SCOR teams, claims, actuarial, legal, strategy and senior management).
We are looking for a candidate who is comfortable with open-ended challenges where the candidate can succinctly and confidently recommend solutions knowing that the process to solutions is as important as the outcome. The candidate will be expected to assume client management responsibilities which requires strong communication skills and engagement across supporting functions and lines of business.
This position will be based in a SCOR office, either Chicago or New York City and the candidate is expected to be in office several days per week. 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.
- Evaluate new and renewal property treaty reinsurance programs
- Structure and negotiate appropriate terms and conditions that support SCOR appetite
- Evaluate and negotiate contract wording
- Evaluate and negotiate pricing in conjunction with actuarial & modeler support
- Monitor & adhere to cat capacity aggregations and allocations
- Perform underwriting audits for current and potential clients
- Discuss underwriting and management issues with executives at primary insurance client companies
- Work with Client Managers to support management of client relationships
- Actively monitor market trends and engage in strategic discussions with internal and external parties.
- Actively participate and contribute to internal projects. Marketing
- Attend marketing visits to broker offices and establish marketing presence
- Identify clients that align with SCOR’s appetite and are additive to the overall portfolio
- Identify brokers that handle accounts that fit the SCOR underwriting targets
- Attend industry conventions to promote SCOR and develop business relationships Account Management
- Work collaboratively with all internal parties to manage individual deals and overall client relationships
- Diligently maintain all documentation for assigned accounts as per SCOR guidelines
- Understand and adhere to SCOR underwriting and pricing guidelines
- College degree or equivalent work experience.
- Minimum of 5-7 years of prior reinsurance underwriting/reinsurance broking experience.
- Strong knowledge of property (re)insurance market
- Strong communication, interpersonal and negotiation skills
- Willingness to travel up to 25% of the time and dedicate a considerable amount of time to develop broker and client relationships
- Positive attitude and a wiliness to contribute and work collaboratively in a fast-paced environment
- Expertise in Cat XL underwriting a plus
- Strong Microsoft office skills, particularly excel
- Working knowledge of Salesforce and Tableau a plus
- Working knowledge of RMS and/or AIR a plus
Willingness to work collaboratively and mentor rising star talent
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You may not meet every requirement listed in the job description. If you bring broad expertise and alignment to the role and resonate with our core values, we encourage you to apply.
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.
Hybrid Work Policy:
SCOR is committed to an “in-office” culture where people can collaborate, exchange ideas, and establish stronger working relationships while ll 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.
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!
Pay Range for roles performed in NY and CHI: $218,000-294,500 and $200,500-$271,500 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.
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.
