Job DescriptionJob Summary: As a junior member of the US Property Treaty team, the candidate will be primarily responsible for developing, marketing, and underwriting profitable property treaty accounts alongside more senior underwriting professionals. The candidate should possess a willingness to cross train in other functions (e.g. claims, pricing, accounting) within SCOR. Over time, the candidate will be expected to assume client management responsibilities which requires strong communication skills and engagement across supporting functions and lines of business. ResponsibilitiesUnderwriting o Evaluate new and renewal property treaty reinsurance programs o Structure and negotiate appropriate terms and conditions o Evaluate and negotiate contract wording o Evaluate and negotiate pricing in conjunction with actuarial & modeler support o Monitor & adhere to cat capacity aggregations and allocations o Perform underwriting audits for current and potential clients o Work with Client Managers to support management of client relationships o Actively monitor market trends and engage in strategic discussions with internal and external parties. o Actively participate and contribute to internal projects. Marketing o Attend marketing visits to broker offices and establish marketing presence. o Identify clients that align with SCOR's appetite and are additive to the overall portfolio. o Identify brokers that handle accounts that fit the SCOR underwriting targets. o Attend industry conventions to promote SCOR and develop business relationships. Account Management o Work collaboratively with all internal parties to manage individual deals and overall client relationships. o Diligently maintain all documentation for assigned accounts as per SCOR guidelines. o Understand and adhere to SCOR underwriting and pricing guidelines. QualificationsRequired experience & competencies:
- Prior experience in US (re)insurance market; knowledge in property treaty reinsurance is a plus or willingness to be trained and mentored for further development
- Strong origination skills and knowledge of the US property reinsurance/insurance market preferred.
- Willingness to travel up to 25% of the time and dedicate a considerable amount of time to develop broker and client relationships.
- Ability to collaborate and deliver in a cross functional team environment.
- Excellent negotiation and analytical skills
- Proficient with Word, Excel and Power Point
- Working knowledge of Salesforce and Tableau a plus
- Working knowledge of RMS and/or AIR a plus
- Ideal candidate has 2 - 5 years of prior experience in (re) insurance industry
- College degree or equivalent experience required
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 experience, exams passed, and attained designations or certifications. The range listed is just one component of SCOR's total compensation package for employees. Pay Range: $100,000 - $150,000 salary pay year. Other rewards may include annual bonuses, short- and long-term incentives, and program-specific awards. In addition, we provide a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, a retirement saving plan, paid holidays, and paid time off. About Us SCOR, 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.