The posting
Job Description
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 rating methodologies for facultative construction business
- 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
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.
Hybrid Work Policy:
SCOR is committed to an “in-office” culture where people can collaborate, exchange ideas, and establish stronger working relationships while ll 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.
At SCOR, we CARE about clients, people, and societies, and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical, financial, and emotional well-being of the people who make our company successful – you.
Benefits We Offer
• 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
• And More!
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. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long term incentives. In addition, we provide a variety of benefits to employees, including health insurance
coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.
About Us
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. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.
As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
