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VP - Sr. Underwriter, Property, Cedant Facultative Reinsurance, North America

Job in New York, New York County, New York, 10261, USA
Listing for: SCOR
Full Time position
Listed on 2026-10-05
Job specializations:
  • Insurance
    Underwriter, Risk Manager/Analyst, Insurance Risk / Loss Control
Salary/Wage Range or Industry Benchmark: 290000 - 392500 USD Yearly USD 290000.00 392500.00 YEAR
Job Description & How to Apply Below
Location: New York

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.

About SCOR

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.

Overview

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 SCOR's 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.

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 -…

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