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 play a key role in SCORs facultative property reinsurance offering, across the United States, developing and strengthening relationships with cedants and brokers and collaborating internally with peers and counterparts in the global SCOR organisation.
As a senior underwriter for property, you will support business development efforts, including business origination and ongoing maintenance of SCORs facultative offering to cedants and brokers , in the region.
You support the achievement of the plan and contribute to the profitability of the cedant facultative transactions in the US and play an important part of the regional underwriting success. Your individual contributions help advance the regional and global cedant facultative ambition through sound technical and profitable underwriting.
These goals require experienced underwriting and commercial skills to develop SCOR’s market share and leadership position across facultative reinsurance.
Key duties and responsibilities
Strategic Client Engagement – Support the development & delivery of the regional facultative ceding strategy within your line of business by helping through originate placements that align capacity and risk appetite requirements
Team Collaboration – Build strong, collaborative relationships with reinsurance & insurance colleagues to help generate profitable business to ensure SCOR is represented consistently to clients
Market Negotiation - Negotiate terms, pricing and conditions to secure and provide the best possible facultative reinsurance solutions
Portfolio Optimisation – Assist in managing and renewing the existing portfolio of facultative placements, 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 constructive relationships with cedants and brokers, showcasing our position in the market, and additional value provided through our expertise
Operational Excellence – Ensure accurate and timely 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, aligned with the Internal Control System and guidelines within the region
New Market Ideation – Stay informed on market developments, pricing shifts, and capacity changes, using this market intelligence to optimise Facultative products, timing and portfolio management
Required experience & competencies
Degree in insurance, risk management, math, engineering or science
Minimum of 8 years of relevant industry experience in U.S. facultative property underwriting
Strong expertise in property lines, strong command of technical risk assessment, pricing, U.S. regulatory requirements, and market best practices
Experience in both experience‑based and exposure‑based rating methodologies for facultative property business
Experience building, managing, and steering a book of business through market cycles
Good understanding of value creation, end‑to‑end underwriting processes, and related actuarial, accounting, legal, and regulatory considerations
Exposure to working within matrixed organizations and fast‑evolving international environments
Agile work style with a bias for action
Strong team orientation and collaborative mindset
Established relationships with key broking and cedant partners
Strong negotiation, presentation, and marketing capabilities
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
- Long- and Short-Term Disability
- Learning & Development Resources
- Personal Wellness Tools and Rewards
- Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios
Pay Range for roles performed: 225,000 - 304,000 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.
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.
