AVP, Alternative Solutions Underwriter

About SCOR: 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.Job Summary: Alternative Solutions is a department within SCOR P&C, tasked to deliver sophisticated solutions to structure, finance and transfer (re)insurance risks. The SCOR Alternative Solutions offering includes: - Structured (re)insurance (e.g., multi-year/multi-line, retrospective solutions, structured quota share, second-event protections) - Parametric solutions - Fronting solutions Alternative Solutions team members are located in Paris, Zurich, London, New York and Singapore and beneficiate from P&C division support, work closely with other P&C market & (re)insurance managers, and have direct contact with clients, brokers and other intermediaries to: - Contribute to the achievement of the underwriting plan - Contribute to Group results through disciplined, profitable underwriting - Develop SCOR's market share and leadership position - Enhance SCOR's market profile through responsive, innovative client support In this role, you develop and deliver SCOR's Alternative offering primarily for North America, supporting internal underwriting teams, clients and brokers. You are accountable for underwriting quality and the profitability of the portfolio you are in charge of. Responsibilities: Manage, monitor and renew an existing portfolio of ART / structured (re)insurance transactions, including performance tracking versus plan, accumulation monitoring, exposure changes, and remediation actions (as needed)Drive and manage the origination pipeline by promoting ART capabilities to clients, brokers and internal underwriting teams; identify opportunities, qualify submissions and coordinate next steps through to bindingReview and analyze deals structured and pricing by our business partnersUnderwrite and price Alternative Risk Transfer (ART) / structured (re)insurance transactions (e.g., multi-year insurance covers, captive protections, structured quota-share reinsurance, second-event protections) with a main focus on solutions to industrial and commercial companiesProvide structuring and underwriting support to Reinsurance and Insurance teams for key accounts, including solution design, pricing approach, wordings considerations and transaction governance preparationRespond to submissions within agreed service levels; manage priorities and timelines to meet broker/client expectations and internal review and approval requirementsMaintain effective relationships with clients, brokers and internal stakeholders to ensure alignment on structure, risk appetite, documentation and execution readiness for ART transactionsSupport post-bind deal maintenance for ART transactions, including documentation follow-up, booking instructions, controls/audit trail, reporting (e.g., bordereaux and portfolio monitoring), reserving and claims coordination in conjunction with the relevant departmentsCoordinate with other internal stakeholder on the policy or treaty servicing (claims, accounting, binders & endorsements issuances etc.)Contribute to the technical knowledge base for ART / structured (re)insurance (e.g., structuring approaches, pricing methodologies, wordings issues and lessons learned), including internal training and knowledge sharingDesired Qualifications: A minimum of a college degree in Actuarial Science, Engineering, Finance or equivalent discipline. Business degree in addition would be a plus.Fluency in another language would be a plus.Ideally, a minimum of 2 years' work experience on "alternative risk transfer" in an international environment, additional (re)insurance experience a plusProven underwriting skills (marketing, negotiation, structuring, pricing, wordings),Proven ability to define and implement a business planProven ability to develop a commercial and tactical visionAbility to successfully negotiate "face-to-face" with brokers and clientsAbility to use complex spreadsheets, word and power pointSound technical knowledge of subjects associated to non-traditional underwriting as well as a wider understanding of related actuary, accounting, legal, regulatory and capital management topicsKnowledge of competitors, clients and brokersAbility to manage projects in coordination with various stakeholders - Team playerInternational mindedCommunication and interpersonal skillsFlexibility, Proactive, AutonomyAnalytical, organizational and reporting skillsPricing / cash flow modelling experience would be a plusRelocation 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 OfferMedical, vision, and dental coverage401(k) Plan with a competitive matchCompany-funded Defined Contribution Retirement ProgramLife and AD&D insuranceLong- and Short-Term DisabilityFlexible Parental LeaveUnlimited Sick DaysVolunteer TimeSummer FridaysLearning & Development ResourcesPersonal Wellness Tools and RewardsCompetitively priced gym memberships from a large nationwide network of gym brands and local fitness studiosAnd 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: $185,500-$251,500 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.