Senior Construction Underwriter

Construction & Engineering Underwriter - SCOR Business Solutions (SBS)

Job Description

• Produce new business from the EMEA region in Contractors All Risks (CAR) and EAR (Erection All Risks) policies on a Single Project or Annual basis form, insurance, and facultative reinsurance.
• Contribute to the development and quality of the portfolio in accordance with the underwriting policy and the direction being selected by the Global Line of business.
• Contribute to the commercial activity for the Region, with a specific focus on German speaking markets and continental Europe in coordination with other Lines of Business.
• Give added value to the Global Construction teams on specific technical and/or language skills

Responsibilities

Under the direct authority of the Zürich based Global Head of construction for SBS and in close cooperation with the SBS EMEA teams based in London, Paris, Zürich and Cologne:

Principal activities

• Underwrite, build and maintain a profitable portfolio in accordance with the SCOR Business solutions underwriting guidelines, Roadmaps and more specific ad ’hoc guidance.
• Underwrite in a technical manner to assess risks in order to determine their insurability and apply appropriate terms and conditions.
• Identify new business targets in order to develop a profitable profile for SCOR Business solutions.
• Build and maintain relationships with clients and their intermediaries (brokers, ceding companies).
• Visit regularly our clients and project sites (approx. 10-20 days of business travel per year)
• Promote SCOR to our customers by using the communication and marketing products (seminars, forums, materials etc).
• Work in close cooperation and coordination with your colleagues in the Scor Business solutions network with where appropriate the sharing of business objectives to produce the best response to your producers and for the division.
• Correctly service the In-force portfolio paying particular attention to profitability.
• Responsibly manage data recorded in our information systems to give an accurate representation of the risks subscribed and to allow portfolio analysis.
• Supervise the administration of the back-office plateform (in liaison with the Technical Assistants) in relation to new or existing accounts
• Regularly interact with our claims team to inform the underwriting process.

Contract management

• Maintain reliable data in the IT tools – Underwriting plateform, backoffice plateform,
• Ensure proper management of contracts (endorsements, renewals, claims…) and proper control of the accuracy of data keyed into the IT systems;
• Maintain profitability and sustainability as a key driver for decision making

Client management

• Adopt a solution-oriented customer centric view, in building on cross selling with other lines of business or with treaty for facultative services.

Global Construction team

• Participating to broader Global construction initiatives and projects.

Qualifications

You are an underwriter with at least 5 years of experience in your insurance market with exposure to international construction risks. Previous experience of working with the German Speaking markets (DACH) is a must.

• Key characteristics sought include:
• Active engagement and contribution to the global construction team is essential
• An enquiring mindset with the ability to work independently as a motivated and pro-active self-starter
• A clear understanding of the value and role of leadership together with an active approach to risk management
• Self-disciplined, principled and decisive decision making
• Organised and able to prioritise under pressure
• Ability to evaluate, condense and summarise key information
• Confidence to develop and maintain a network of brokers and clients
• Excellent communication and presentation skills and confident to represent Specialty Insurance at conferences, meetings or professional associations
• Able to travel
• Mechanical Engineering degree and/or recognized professional insurance qualifications
• Proactive – team player – international minded

Job Info

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.

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