VP - Sr Facilities Underwriter, Property, Cedant Facultative Reinsurance

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 play a key role in SCORs facultative property 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 organization.

You will not only assess single property risks but also underwrite facilities, negotiate terms with brokers and cedants, manage bordereaux’s, portfolio performance and long-term profitability.

As a senior underwriter for property and facilities, you will support business development efforts, including business origination and ongoing maintenance of SCORs facultative offering to cedants and brokers, in the region.

You support the achievement of the plan and contribute to the profitability of the cedant facultative transactions in the US and play an important part of the regional underwriting success. Your individual contributions help advance the regional and global cedant facultative ambition 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.

• Strategic Client Engagement – Support the development & delivery of the regional facultative ceding strategy within your line of business by helping through originate placements that align capacity and risk appetite requirements
• Team Collaboration – Build strong, collaborative relationships with reinsurance & insurance colleagues to help generate profitable business to ensure SCOR is represented consistently to clients
• Market Negotiation - Negotiate terms, pricing and conditions to secure and provide the best possible facultative reinsurance solutions
• Portfolio Optimization – Assist in managing and renewing the existing portfolio of facultative placements, 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 constructive relationships with cedants and brokers, showcasing our position in the market, and additional value provided through our expertise
• Operational Excellence – Ensure accurate and timely 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, aligned with the Internal Control System 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 insurance, risk management, math, engineering or science
• Minimum of 8 years of relevant industry experience in U.S. facultative property underwriting, construction background is an advantage
• Proficiency in treaty and facility pricing, legal contract governance, bordereaux analysis, negotiating terms and new business origination
• Strong expertise in property lines, strong command of technical risk assessment, pricing, U.S. regulatory requirements, and market best practices
• Experience in both experience‑based and exposure‑based rating methodologies for facultative property business
• Experience building, managing, and steering a book of business through market cycles
• Good understanding of value creation, end‑to‑end underwriting processes, and related actuarial, accounting, legal, and regulatory considerations
• Exposure to working within matrixed organizations and fast‑evolving international environments
• Agile work style with a bias for…