SVP - Lead Underwriter, Construction, Cedant Facultative Reinsurance

Summary

You enjoy working in a fast-paced environment, contributing to building the regional book of profitable and diversified businesses. You spend your time working alongside international experts, developing and underwriting business across multiple platforms. You can understand clients' challenges and help find solutions that deliver what is needed.

About the Role

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. Working at SCOR means engaging with some of the best minds in the industry, as we work together to find solutions to pressing challenges facing societies.

Responsibilities

• Strategic Client Engagement - Support the development & delivery of the regional facultative 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 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, along with the Internal Control Systems and guidelines within the region
• New Market Ideation - Stay informed on market developments, pricing shifts, and capacity changes, to optimise facultative offerings, timing and portfolio management

Qualifications

• Required experience & competencies
• Minimum of 12 years of relevant industry experience in U.S. facultative construction underwriting
• Deep expertise in construction lines, strong command of technical risk assessment, pricing, U.S. regulatory requirements, and market best practices
• Extensive experience building, managing, and steering a book of business through market cycles
• Pricing and 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 in the US and beyond
• Strong negotiation, presentation, and marketing capabilities

Benefits

• Medical, vision, and dental coverage
• 401(k) Plan with a competitive match
• Company-funded Defined Contribution Retirement Program
• Life and AD&D insurance
• Long- and Short-Term Disability
• Flexible Parental Leave
• Unlimited Sick Days
• Volunteer Time
• Summer Fridays
• 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

Pay Range for roles performed: 290,000 - 392,500 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance.