SVP - Lead Underwriter, Construction, Cedant Facultative Reinsurance

You enjoy working in a fast-paced environment, with the autonomy to make the right underwriting decisions for SCOR as you contribute 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 our clients’ challenges and help find solutions that deliver what is needed. If this is what you want your day to be like, keep reading. 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 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 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 play a key role in the achievement of the plan, and for the profitability of the cedant facultative transactions in the US 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 SCOR’s market share and leadership position across facultative reinsurance. ### Responsibilities **Key duties and 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** - Degree in insurance, risk management, math, engineering or science - 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 - Proven proficiency in both experience‑based and exposure‑based ra…