AVP, Casualty Underwriter

Scor; New York (NY); Hybrid; USD 160,000 - 190,000; Full time

Job summary

An established industry player is seeking a skilled Casualty Underwriter to join their dynamic team in New York. This role involves reviewing and underwriting Excess Casualty business for large clients across various sectors, including Energy and construction. You will leverage advanced analytical tools to assess risk and develop pricing strategies while building strong relationships with clients and brokers. The company promotes a collaborative culture with a hybrid work model, allowing for flexibility while fostering teamwork. If you have a passion for risk management and a commitment to excellence, this opportunity could be your next career move.

Benefits

Health Insurance

Life and Disability Insurance

Retirement Savings Plan

Paid Holidays

Paid Time Off

Annual Bonuses

Short- and Long-term Incentives

Qualifications

• 7+ years experience in casualty underwriting, with 2+ years in Excess Casualty.
• Strong analytical and quantitative skills are essential.

Responsibilities

• Review and underwrite Excess Casualty submissions and renewals.
• Conduct risk assessments and develop pricing strategies.

Skills

Analytical Skills

Communication Skills

Negotiation Skills

Risk Assessment

Underwriting Software Proficiency

Education

Bachelor's Degree in Finance or related field

Tools

Underwriting Software

Pricing Models

Job description

Reporting to the Casualty RLM, Specialty Insurance Americas who reports to the Casualty GLH, Special Casualty Worldwide. This casualty underwriter will be involved in the review and underwriting of Excess Casualty business, including underwriting quality, appetite guidance and overall execution of the Excess Casualty lines for large Energy, Non-Energy and construction risks. The underwriter will utilize several paper companies for admitted, non-admitted and reinsurance companies. This position completes a team of existing underwriters writing Excess Casualty business in the Americas. Our clients include Fortune 500 companies and others in vast and varying industries. The Underwriter will have a level of Casualty underwriting authority and is accountable for underwriting decisions on our largest and most complex accounts.

Responsibilities

Key Duties and Responsibilities

Submissions and Underwriting Process

• Review new and renewal submissions, ensuring accuracy and adequacy of data; evaluate risk and account quality, including exposures and loss potentials; price accounts using SCOR's pricing models as necessary; and determine acceptable underwriting terms and conditions.
• Prepare clear and concise underwriting information for use in case of referrals.
• Communicate quotations, authorizations, declinations, and binders to the broker / client and handle negotiations and changes on the account.
• Evaluate claims in cooperation with the claims department.
• Ensure necessary paperwork is accurate and issued, and maintain complete underwriting files.

Risk Assessment and Analysis

• Conduct thorough risk assessments and analyses to determine the viability and profitability of potential reinsurance treaties.
• Utilize advanced analytical tools and techniques to assess risk exposure and develop appropriate pricing strategies.
• Monitor and analyze industry trends, regulatory changes, and market conditions to inform underwriting decisions.

Client and Broker Relations

• Build and maintain strong relationships with clients and brokers to facilitate effective communication and negotiation.
• Provide exceptional customer service by addressing client inquiries and concerns promptly and professionally.
• Collaborate with brokers to develop tailored reinsurance solutions that meet client needs and objectives.

Team Collaboration and Development

• Work closely with other underwriters, actuaries, and claims professionals to ensure a cohesive approach to underwriting and risk management.
• Participate in team meetings and contribute to the development of underwriting strategies and best practices.

Qualifications

Desired Qualifications :

• 7+ years experience in primary casualty or excess casualty underwriting (2+ years Excess Casualty minimum)
• Strong analytical and quantitative skills, with proficiency in underwriting software and pricing models.
• Excellent communication and negotiation skills, with the ability to build and maintain relationships with clients and brokers.
• Knowledge of industry regulations and compliance requirements.
• Brokerage and / or direct insurance experience.

Hybrid Work Policy : SCOR is committed to an "in-office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.

Pay Range for roles performed in New York : $160,000-$190,000 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long-term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off."

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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Underwriter Casualty • New York, NY, United States