Job DescriptionThe position is responsible for developing, marketing, and underwriting of General Casualty treaty business as well as cross train into Professional Lines.ResponsibilitiesUnderwriting
- Evaluate new and renewal GeneralCasualty and potentially, Professional Liability treaties.
- Structure and negotiate appropriate terms and conditions on deals that support SCOR appetite.
- Evaluate and negotiate contract wordings.
- Evaluate and negotiate pricing, in conjunction with actuarial support.
- Actively engage in and perform underwriting audits as well as participate in meetings for both current and potential clients.
- Discuss underwriting and management issues with executives at primary insurance client companies.
- Actively monitor market trends and engage in strategic discussions with internal and external parties.
- Actively mentor and assist in the training and development of less experienced underwriting staff on various lines of business supported by SCOR.
- Support and actively engage in internal projects.
Marketing
- Identify clients and new business that align with and support SCOR strategy and targets.
- Identify brokers and build relationships with those that handle accounts that fit the SCOR underwriting goals.
- Perform marketing trips to broker offices and build market presence.
- 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, and diligently maintain all documentation for assigned accounts as per SCOR guidelines and process.
- Understand and follow all SCOR underwriting and pricing guidelines.
Qualifications
- Minimum of 7 to 10 years of reinsurance underwriting or reinsurance broking experience required. General Casualty line focus - GL, Auto, UMB, Construction, Energy, Environmental, etc.
- Strong knowledge regarding Liability reinsurance is preferred - General Casualty line focus - GL, Auto, UMB, Construction, Energy, Environmental, etc.
- Strong understanding of actuarial methods and pricing philosophy key to the reinsurance purchase. Ability to work with and engage actuaries.
- Excellent analytical skills
- Strong communication, interpersonal and negotiation skills
- Positive attitude and a wiliness to contribute and work collaboratively in a fast paced environment
- Strong Microsoft office skills, particularly excel.
- Willingness to learn and expand knowledge to support both GL and PL lines of business.
- Willingness to work collaboratively and mentor rising star talent
- College degree and equivalent work experience.
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. In compliance with local law, we are disclosing the compensation, or range thereof, for roles that will be performed in New York. 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. Pay Range: $245k-$275k salary per year. 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.About UsSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver The Art & Science of Risk , SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients. In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face. At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.