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.

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

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 binding

Review and analyze deals structured and pricing by our business partners

Underwrite 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 companies

Provide structuring and underwriting support to Reinsurance and Insurance teams for key accounts, including solution design, pricing approach, wordings considerations and transaction governance preparation

Respond to submissions within agreed service levels; manage priorities and timelines to meet broker/client expectations and internal review and approval requirements

Maintain effective relationships with clients, brokers and internal stakeholders to ensure alignment on structure, risk appetite, documentation and execution readiness for ART transactions

Care for 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 departments

Cook with other internal stakeholders 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 sharing

Desired 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.
• Ideal, a minimum of 2 years' work experience on "alternative risk transfer" in an international environment, additional (re)insurance experience a plus
• Proven underwriting skills (marketing, negotiation, structuring, pricing, wordings),
• Proven ability to define and implement a business plan
• Proven ability to develop a commercial and tactical vision
• Proven ability to successfully negotiate "face-to-face" with brokers and clients
• Proven ability to use complex spreadsheets, word and power point
• Sound technical knowledge of subjects associated to non-traditional underwriting as well as a wider understanding of related actuary, accounting, legal, regulatory and capital management topics
• Knowledge of competitors, clients and brokers
• Ability to manage projects in coordination with various stakeholders - Team player
• International minded
• Communication and interpersonal skills
• Flexibility, Proactive, Autonomy
• Analytical, organizational and reporting skills
• Pricing / cash flow modelling experience would be a plus