Senior Underwriter, Construction - SCOR Business Solutions (SBS)

SCOR; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading global reinsurer seeks a Senior Underwriter in Construction to manage key accounts and projects within the EMEA region. The role involves technical underwriting expertise in Construction & Engineering Insurance, in addition to fostering relationships with brokers and clients for profitable business growth.

Qualifications

• Established underwriter with several years of direct construction underwriting experience.
• Proven underwriting skills and good market relationships.
• Ability to lead business and negotiate with brokers.

Responsibilities

• Produce new business in Contractors All Risks (CAR) and Erection All Risks (EAR).
• Underwrite and maintain a profitable portfolio in accordance with guidelines.
• Manage data quality and client relationships effectively.

Skills

Underwriting

Risk Assessment

Technical Expertise

Negotiation

Relationship Management

Education

Bachelor's degree in relevant field

Job description

Senior Underwriter, Construction - SCOR Business Solutions (SBS)

SCOR City Of London, England, United Kingdom

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Senior Underwriter, Construction - SCOR Business Solutions (SBS)

SCOR City Of London, England, United Kingdom

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As Senior underwriter in the SBS EMEA construction team, you are responsible and accountable for properly underwrite and manage key accounts and projects in the region coming from London brokers or other sources in Continental Europe and Middle East and Africa. You will be adding your specific technical expertise in Construction & Engineering Insurance and your experience of the London market to the highly experienced Scor Business Solutions Construction practice located in Paris and London in order to achieve the objectives of Scor Business Solutions in the construction segment.

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.

At SCOR Business Solutions, we offer a comprehensive insurance product range to address large corporate and industrial clients' complex and evolving needs worldwide. We can do this thanks to our dedicated local expert teams in more than 30 countries, with an underwriting DNA based on technical expertise and in-depth industry knowledge.

We get excited about offering our clients 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 SCOR Group generated premiums of EUR 20 billion in 2024 and serves clients in around 160 countries from its 35 offices worldwide.

Key duties and responsibilities

Under the direct authority of the EMEA construction manager and the strong support of the Global Head of Construction and in coordination with the commercial managers, risk engineers and other lines of business, you will

Underwriting activities

• 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 reinsurance.
• Underwrite, build and maintain a profitable portfolio in accordance with the SBS 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.
• 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.
• Give added value to the Global Construction teams on specific technical and/or language skills
• 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.
• Populate and maintain the Underwriting platform and supervise the administration of the OMEGA back-office tool (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

• Comply with internal risk management and compliance, ensure data quality and reporting to all our IT systems, Forewriter, Omega, UP, Slesforce.
• Ensure proper management of contracts (endorsements, renewals, claims…) and proper control of the accuracy of data keyed into the IT system;
• Maintain compliance, profitability and sustainability as key drivers for decision making
  
  

Segment and Client Management

• Contribute to the commercial activity for the Region, with a specific focus on London brokers and a clear opening to Continental Europe & Middle East opportunities.
• Build and maintain relationships with clients and their intermediaries (brokers, ceding companies) with a specific focus on lead placements and long term clients.
• 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).
• Identify new business targets in order to develop a profitable profile for Scor Business Solutions.
• Work in close cooperation and coordination with your colleagues in the SBS network where appropriate for sharing of business objectives to produce the best response to your producers and for the division.
• Adopt a solution-oriented customer centric view, in building on cross selling with other lines of business or with P&C treaty for facultative services

Global Construction Team

• Participate to broader Global construction initiatives and projects.

Experience

• Established underwriter with several years of direct construction underwriting experience in the London market or elsewhere
• Proven underwriting skills including technical expertise and wording negotiation
• Good market relationships
• Experience of writing international business
• Reinsurance and Insurance knowledge
• Industry background in the construction industry would be appreciated, Civil engineering or mechanical engineering, or construction contract management.
• Sound technical knowledge of subjects associated to underwriting as well as a wider understanding of related legal, risk management, social and economic topics
• Ability to successfully negotiate "face-to-face" with brokers
• Ability to lead business
• Ability to promote the underwriting policy
• Understanding of company computer systems
• Active engagement and contribution to the global construction team is essential
• Team player as well as an enquiring mindset with the ability to work independently as a motivated and pro-active self-starter
• 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 SBS at conferences, meetings or professional associations
• Able to travel

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  General Business

• Industries

  Insurance

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