AVP, Underwriter - SBS / Single Risk

SCOR; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading global reinsurer in Toronto is seeking an experienced underwriter to manage insurance portfolios and negotiate contracts. You will be responsible for delivering profitable growth, supporting the development of new market opportunities, and collaborating across teams. The ideal candidate has over 5 years of experience in property underwriting and strong analytical skills. This role offers an opportunity to work with top professionals in a dynamic environment, focused on client satisfaction and innovation.

Qualifications

• 5+ years' experience in property underwriting or insurance.
• Strong knowledge of the primary broker network.
• Advanced analytical and negotiation skills.

Responsibilities

• Deliver profitable growth and diversify the portfolio.
• Negotiate contract conditions with clients.
• Develop marketing materials based on research.

Skills

Analytical skills

Negotiation skills

Communication skills

Critical thinking

Education

Bachelor's degree

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

Overview

At SCOR Business Solutions, we offer a comprehensive insurance product range to address large corporate and industrial clients’ complex and evolving needs worldwide. We operate with dedicated local expert teams and an underwriting DNA based on technical expertise and in-depth industry knowledge. We are large but small, working in a global product-oriented structure where client—not geography—comes first. We provide a diversified and innovative range of 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. The Group generated premiums of EUR 19.4 billion in 2023 and serves clients in around 160 countries from its 35 offices worldwide.

Job Summary: No two days are the same, but that is how we become the experts that our clients expect to work with. Producing and managing your portfolios of accounts, through the strong market relationships you have, is at the core of your role at SCOR. The guidelines we develop support the underwriting business plan for your line of business, but you will have the chance to contribute to portfolio growth and diversification, supporting the overall organization strategy. There is always a lot to do, but everything is linked to the overall results of SCOR Business Solutions, developing our market share, and enhancing our market image. When you receive, select and evaluate offers of business from various sources, your role is to produce terms and negotiate the bespoke wordings of the contracts. You will also support the development of our submission pipeline and promote SCOR by proactive marketing in line with strategy and guidelines defined by us. Business and market relationships are key to your and our success; by maintaining and developing these relationships with clients and brokers and attending broker and client hosted events, you will be part of our growth. We want you to be curious and innovative, with research and development as an important part of our work, looking at new areas of potential profitable growth. It is important to emphasize the importance of working as a team at SCOR, across underwriting, or with Claims and Pricing; we are successful because of this collaboration.

Responsibilities

• Be part of the team delivering profitable growth and diversify the portfolio in accordance with strategy and in accordance with the SBS Insurance Guidelines and practices
• Receive, select, and evaluate offers of business from various sources, calculate pricing, and negotiate conditions of the contracts
• Identify, research, develop and report on new areas of profitable growth
• Market all SBS capabilities and product solutions to Corporate Risk Managers, Brokers and Ceding Companies with a specific emphasis on Property
• Develop marketing materials and intelligence documentation based on research and analysis of portfolio results and market data
• Provide technical expertise, best practices and mentoring to underwriters in the region to assist in sourcing new business opportunities
• Collaborate with peers in other regions to share market intelligence and best practices, ensuring consistent underwriting methodology worldwide
• Assist other business lines in local market interactions to support cross-LOB growth
• Collaborate with the Claims Function in negotiating/resolving claims arising from your portfolio
• Ensure data quality and reporting to all IT systems
• Demonstrate strong underwriting experience across the market
• Demonstrate high technical acumen of reinsurance and insurance principals

Key Competencies

• Cycle Management – manage underwriting decisions and relationships around market cycles, balancing underwriting strategy, capacity management, portfolio management, and long-term partnerships
• Commercial Business Acumen – negotiate profitable business with a structure that works for both client and SCOR
• Critical Thinking – assess complex risks, analyze market trends, and make data-driven underwriting decisions
• Negotiation & Persuasion – lead negotiations involving complex policies, ensuring client satisfaction and profitability
• Entrepreneurial Spirit – identify new market opportunities and develop innovative products
• Intellectual Curiosity – learn, understand and explore new ideas and produce credible industry collateral
• Emerging Risk Discovery – identify and evaluate new risks, monitor non-traditional risks, and develop policies to address them

Required experience & competencies

• A minimum of 5+ years' experience in property underwriting, property insurance loss control, property insurance loss adjustment, or operations in a large industrial company risks is required
• A strong knowledge of the primary broker network that places these risks
• Excellent analytical and communication skills and negotiating ability
• Advanced in use of Microsoft Word, Excel and PowerPoint

Required Education

• Bachelor’s degree required — engineering degree preferred but not mandatory
• CIP or FCIP designations or other insurance studies preferred

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.