SVP, Lead Underwriter Property/ Construction, Cedant Facultative Reinsurance, North America

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 property/ construction 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 lead underwriter for property/ 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/ Construction line of 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 underwriting and 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 Optimisation - 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 optimise Facultative products, timing and portfolio management Degree in engineering, science, risk management, or insurance Minimum of 10 years of relevant industry experience in U.S. facultative property and construction underwriting Deep expertise in property and construction lines, including engineering and builder’s risk programs; strong command of technical risk assessment, pricing, U.S. regulatory requirements, and market best practices Proven proficiency in both experience based and exposure based rating methodologies for facultative property and construction business Extensive experience building, managing, and steering a book of business through market cycles Experience managing facultative facilities Broad understanding of value creation, end to end underwriting processes, and related actuarial, accounting, legal, and regulatory considerations Demonstrated effectiveness working within matrixed organizations and fast evolving international environments Agile work style with a bias for action Leadership experience, including managing and developing teams Strong team orientation and collaborative mindset Well established relationships with key broking and cedant partners Strong negotiation, presentation, and marketing capabilities 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 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. 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.