Lead Underwriter Construction, Europe Facultative Reinsurance

SCOR; Köln; Vor Ort; EUR 80.000 - 120.000; Vollzeit

Zusammenfassung

A leading reinsurance company is seeking a Lead Underwriter for their EMEA Facultative Reinsurance team in Köln. This role involves developing client relationships, driving business development, and optimizing facultative products. The candidate will be crucial in managing pricing negotiations and ensuring compliance with regulatory requirements, contributing to the overall profitability of the division.

Qualifikationen

• Experience in facultative underwriting in an international environment.
• Ability to negotiate profitable business while managing risks effectively.

Aufgaben

• Drive strategic engagement for business development in facultative reinsurance.
• Negotiate terms and conditions for facultative reinsurance solutions.
• Manage existing portfolio of facultative deals and assess placements.

Kenntnisse

Negotiation

Risk Assessment

Analytical Thinking

Commercial Acumen

Stakeholder Management

Ausbildung

Comprehensive technical knowledge of facultative underwriting

Jobbeschreibung

SCOR has created a new 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 market leader. 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 SCORs Facultative Reinsurance offering, across EMEA, developing relationships with clients, and our underwriters.

As a Lead Underwriter, Construction, EMEA Facultative Reinsurance, you will drive the strategic engagement for our business development, including business origination and maintenance of the SCOR Cedant Facultative offering to clients 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 your regional line of business, 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 are achieved through your skill at developing SCOR’s market share and leadership position across Cedant Facultative Reinsurance through enhancing the Group image in the market by efficient and innovative support of client needs, being the partner our clients not only need, but ask for.

Strategic Client Engagement – Support the development & delivery of the regional facultative ceding strategy across your line of business through the origination of placements in line with capacity and risk appetite

Team Collaboration – Create strong, collaborative relationships with internal 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, managing and prioritising facultative submissions

Portfolio Optimisation - Manage and renew an existing portfolio of facultative deals currently in place, assessing placements against our risk profile to identify exposures

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 clients and brokers, showcasing our position in the market, and additional value provided through our expertise

Operational Excellence - Contribute to the deal maintenance, including reporting, reserving and claims settlements in conjunction with the relevant department

Compliance - Ensure facultative placements meeting internal governance, compliance and regulatory requirements, firmly within our Internal Control Systems process 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 structure

Required experience & competencies

• Industry experience in facultative underwriting in an international environment
• Comprehensive technical knowledge of subjects associated to facultative underwriting as well as a wider awareness of related actuary, accounting, legal, & regulatory topics

Cycle Management – Able to build underwriting decisions and relationships around the markets’ cyclical nature; able to flex mindset around underwriting strategy, capacity management, portfolio management and long-term partnerships to achieve successful and profitable underwriting decisions

Commercial Business Acumen - The ability to negotiate profitable business with a structure that works for both client and SCOR. Be the “closer” that leaves the client happy with the service provided, whilst maintaining correct internal risk management

Critical Thinking - Assess complex risks, analysing market trends, and making data-drive underwriting decisions to improve profitability whilst mitigating exposure

Entrepreneurial Spirit - Identifying new market opportunities, developing innovative products and adapting to emerging risks

Solution Mindset - The ability to view a client problem and provide a range of solutions that could improve their risk profile or their solvency. Able to cross-sell when another SCOR proposition would best suit requirements. Be seen as a true advisor to the client; a go to provider

Intellectual Curiosity (Continuous Learning Leader) - Have the genuine desire to learn, understand and explore new ideas, concepts and perspectives, and produce credible industry collateral to positive SCOR as a Market Thought Leader

Cultural Awareness - Understanding diverse market dynamics, regulatory environments, and client needs across different regions to build strong global relationships

Cross-Functional Collaboration - Collaborate across departments to develop comprehensive and innovative risk solutions

Stakeholder Management - Clearly able to explain risk decisions and understanding client needs; reflecting these is productive discussions to progress business relationships