AVP, Property Power Underwriter, Cedant Facultative Reinsurance

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 SCORs 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 5 years of relevant industry experience in U.S. facultative property and construction underwriting
• Deep expertise in property and construction lines including engineering and builders 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. .

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SalaryRangeforrolesperformed in:

NY: $218000-$294500
Houston: $188500 - $254000