VP - Sr. Underwriter, Property, Cedant Facultative Reinsurance, North America

About the role

You will work in a fast-paced environment with the autonomy to make underwriting decisions for SCOR as you contribute to building the regional book of profitable and diversified businesses. This role involves collaborating with international experts to develop and underwrite business across multiple platforms, understanding clients' challenges, and delivering tailored solutions.

SCOR has created a new global facultative reinsurance team to strengthen its position in the market. As the lead underwriter for construction, you will drive strategic engagement, business development, and maintain SCOR’s facultative offering to cedants and brokers in the United States. You will collaborate internally with peers and counterparts across the global SCOR organization to achieve profitability and growth targets.

About SCOR

As a leading global reinsurer, SCOR offers clients a diversified and innovative range of reinsurance and insurance solutions to control and manage risk. Applying "The Art & Science of Risk," SCOR leverages industry-recognized expertise and cutting-edge financial solutions to serve clients and contribute to societal resilience in around 160 countries worldwide.

Working at SCOR means engaging with experts across disciplines—actuaries, data scientists, underwriters, risk modelers, and engineers—to address pressing societal challenges. SCOR’s culture, "The SCOR Way," is defined by five core values: caring about clients, people, and societies; performing with integrity; acting with courage; encouraging open minds; and thriving through collaboration.

SCOR supports inclusion and diversity, and all positions are open to people with disabilities.

Responsibilities

• Support the development and delivery of the regional facultative strategy for your line of business by originating placements aligned with capacity and risk appetite requirements.
• Build strong, collaborative relationships with reinsurance and insurance leaders to drive profitable business and ensure SCOR is represented consistently to clients.
• Negotiate terms, pricing, and conditions to secure and provide optimal facultative reinsurance solutions.
• Manage and renew an existing portfolio of facultative deals, assessing placements against SCOR’s risk profile, identifying exposures, and optimizing capacity allocation.
• Collaborate with analytics and risk modeling teams to determine facultative reinsurance needs based on exposure and loss scenarios.
• Maintain relationships with cedants and brokers, showcasing SCOR’s market position and the added value of its expertise.
• Ensure operational excellence through adequate deal documentation, reporting, reserving, and claims settlements in conjunction with relevant departments.
• Ensure facultative placements meet internal governance, compliance, and regulatory requirements, as well as regional Internal Control Systems and guidelines.
• Stay informed on market developments, pricing shifts, and capacity changes to optimize facultative offerings, timing, and portfolio management.

Qualifications

• Degree in insurance, risk management, math, engineering, or science.
• Minimum of 10 years of relevant industry experience.
• Expertise in construction lines, including 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 construction business.
• Extensive experience building, managing, and steering a book of business through market cycles.
• Experience 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 U.S. and beyond.
• Strong negotiation, presentation, and marketing capabilities.

You may not meet every requirement listed in the job description. If you bring broad expertise and alignment to the role and resonate with our core values, we encourage you to apply. 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.

Schedule

SCOR operates with a hybrid working arrangement. Employees work 3 days per week in the office with the flexibility to work 2 days per week remotely.

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 this role: $225,000 - $304,500 base salary per year. Actual salaries may vary based on factors including but not limited to location, experience, role, and performance. The range listed is one component of SCOR's total compensation package, which may also include annual bonuses, short- and long-term incentives, and benefits such as health insurance coverage, life and disability insurance, a retirement savings plan, paid holidays, and paid time off.