Senior Portfolio Underwriter - Business Solutions; SBS

Senior Portfolio Underwriter – SCOR Business Solutions (SBS)

SCOR, a leading global reinsurer based in City of London, is seeking a Senior Portfolio Underwriter to join our Political and Credit Risk (PCR) team. The successful candidate will lead the credit underwriting process across a portfolio of counter parties, ensuring alignment with PCR’s risk appetite. The role involves assessing complex credit proposals, managing portfolio‑level risks, mentoring junior underwriters, and contributing to strategic portfolio decisions.

• Manage existing portfolio programs (renewals, endorsements, risk and client visits, client meetings, claims involvement).
• Contribute positively to SBS results with sound technical underwriting and profitability.
• Develop SCOR’s market share and leadership position.
• Negotiate bespoke service lines and wordings.
• Represent SCOR at international events, both industry conferences and client‑hosted conferences.
• Explore delegation opportunities and ensure adherence to underwriting parameters and consistency where PCR delegates.
• Develop PCR’s pragmatic underwriting approach.
• Support the PCR Global Line Head to develop and expand the portfolio business line.
• Lead the underwriting of new and existing portfolios of counter party credit risks.
• Receive, select and evaluate offers of business, calculate ratings and negotiate bespoke wordings.
• Generate and promote new offers through proactive marketing aligned with the SBS roadmap.
• Maintain accurate records of quotes, risks accepted and declinations.
• Control and verify premium income according to the business plan.
• Oversee submission of special acceptances to the SCOR Underwriting Committee and reinsurers for deals outside guidelines.
• Monitor portfolio performance and risk metrics across sectors and geographies.
• Set key underwriting thresholds and ensure ongoing monitoring.
• Work with the portfolio analyst to identify risk concentrations, trends and propose mitigation strategies.
• Support portfolio optimisation initiatives to improve risk‑adjusted returns.
• Ensure underwriting decisions comply with internal credit policies and external regulations.
• Contribute to development and refinement of underwriting frameworks and risk appetite statements.
• Assist the Global Line Head to produce reports in various formats.
• Contribute to the claims settlement process with the claims department.
• Ensure compliance with international licensing requirements.
• Work with PCR head of credit risk analysis to design reporting procedures.
• Maintain and develop relationships with clients and brokers; travel as required.
• Attend market, broker and client hosted events.
• Attend SCOR’s Lloyd’s box to service brokers’ submissions and negotiate policy terms.
• Represent SCOR on the LMA panel on an ad‑hoc basis.
• Provide guidance and oversight to junior underwriters and the portfolio analyst.

• Provide coaching and oversight to junior underwriters and portfolio analysts.
• Initially, no direct reporting responsibilities; opportunities may arise over time.

• Educated to A‑Level or equivalent.
• Relevant university degree or equivalent.
• Extensive experience in credit underwriting, portfolio management, or related roles.
• Deep understanding of credit risk, financial analysis and counter party assessment.
• Experience with complex credit structures, syndicated lending or derivatives.
• Proven underwriting skills including wording negotiation.
• Good market relationships and established client relationships.
• Experience writing international business.

• ACII qualified.
• Actuarial background.
• Experience presenting to reinsurers.
• Experience writing direct (non‑brokered) international business.
• Experience in the London insurance market.

• Sound technical portfolio underwriting skills.
• Excellent written and verbal communication, especially for senior stakeholder engagement.
• Ability to manage competing priorities and make sound judgments under pressure.
• Knowledge of competitors, cedants, reinsurers and brokers in the London market and internationally.
• Commercial and tactical vision.
• Ability to negotiate face‑to‑face with brokers.
• Ability to lead business and promote the underwriting policy.
• Adaptability to SCOR’s structure and philosophy, including technical underwriting and referrals.
• Rapid acquisition of SCOR’s underwriting policy and guidelines.
• Team player with initiative.

• Be part of a world‑leading reinsurer with a reputation for innovation and excellence.
• Work alongside industry experts in a dynamic, international environment.
• Enjoy career development, global exposure, and a culture that values expertise and initiative.

Ready to lead with impact? Apply now and help shape the future of specialty underwriting at SCOR.

• Seniority level:
  Mid‑Senior level
• Employment type:
  
  Full‑time
• Job function:
  Analyst and Finance
• Industries:
  Banking, Financial Services, and Insurance
• Location:
  
  City of London, England, United Kingdom