AVP, Property Treaty Underwriter

SCOR; Chicago (IL); On-site; USD 171,000 - 251,500; Full time

Benefits offered by this job

Medical, vision, dental coverage

401(k) Plan with match

Company-funded Retirement Program

Life and AD&D insurance

Disability coverage

Hybrid work arrangement

Job summary

SCOR is seeking a junior member of the US Property Treaty team to develop, market, and underwrite profitable property treaty accounts alongside senior underwriters. The role offers cross-training across claims, pricing and accounting, with eventual client-management responsibilities.

In-office several days a week in Chicago or New York City, the position supports SCOR’s hybrid work culture. Responsibilities include evaluating new and renewal programs, structuring terms, negotiating pricing with

Qualifications

• College degree or equivalent experience required.
• Prior experience in US (re)insurance market; knowledge in property treaty reinsurance is a plus or willingness to be trained and mentored for further development
• Strong origination skills and knowledge of the US property reinsurance/insurance market preferred.
• Willingness to travel up to 25% of the time and dedicate a considerable amount of time to develop broker and client relationships.
• Ability to collaborate and deliver in a cross functional team environment.
• Excellent negotiation and analytical skills
• Proficient with Word, Excel and Power Point
• Working knowledge of Salesforce and Tableau a plus • Ideal candidate has 2 – 5 years of prior experience in (re) insurance industry

Responsibilities

• Evaluate new and renewal property treaty reinsurance programs
• Structure and negotiate appropriate terms and conditions
• Evaluate and negotiate contract wording; evaluate and negotiate pricing with actuaries/modelers
• Monitor cat capacity aggregations and allocations
• Perform underwriting audits for current and potential clients
• Work with Client Managers to support management of client relationships
• Actively monitor market trends and engage in strategic discussions with internal and external parties.
• Attend marketing visits to broker offices and establish marketing presence
• Identify clients and brokers that fit SCOR’s underwriting targets
• Attend industry conventions to promote SCOR and develop business relationships
• Work collaboratively with internal parties to manage deals and client relationships
• Diligently maintain documentation for assigned accounts per SCOR guidelines
• Understand and adhere to SCOR underwriting and pricing guidelines

Skills

Origination

Negotiation

Analytical skills

Communication

Cross-functional collaboration

Salesforce

Tableau

Word, Excel, PowerPoint

US property reinsurance knowledge

Travel readiness

Education

College degree or equivalent experience

Tools

Salesforce

Tableau

Word

Excel

PowerPoint

RMS

AIR

Job description

As a junior member of the US Property Treaty team, the candidate will be primarily responsible for developing, marketing, and underwriting profitable property treaty accounts alongside more senior underwriting professionals. The candidate should possess a willingness to cross train in other functions (e.g. claims, pricing, accounting) within SCOR. Over time, the candidate will be expected to assume client management responsibilities which requires strong communication skills and engagement across supporting functions and lines of business.

This position will be based in a SCOR office, either Chicago or New York City; the candidate is expected to be in office several days per week.

Responsibilities

• Evaluate new and renewal property treaty reinsurance programs
• Structure and negotiate appropriate terms and conditions
• Evaluate and negotiate contract wording o Evaluate and negotiate pricing in conjunction with actuarial & modeler support
• Monitor & adhere to cat capacity aggregations and allocations
• Perform underwriting audits for current and potential clients
• Work with Client Managers to support management of client relationships
• Actively monitor market trends and engage in strategic discussions with internal and external parties.

Marketing

• Attend marketing visits to broker offices and establish marketing presence.
• Identify clients that align with SCOR’s appetite and are additive to the overall portfolio.
• Identify brokers that handle accounts that fit the SCOR underwriting targets.
• Attend industry conventions to promote SCOR and develop business relationships.

Account Management

• Work collaboratively with all internal parties to manage individual deals and overall client relationships.
• Diligently maintain all documentation for assigned accounts as per SCOR guidelines.
• Understand and adhere to SCOR underwriting and pricing guidelines.

Qualifications

• College degree or equivalent experience required.
• Prior experience in US (re)insurance market; knowledge in property treaty reinsurance is a plus or willingness to be trained and mentored for further development
• Strong origination skills and knowledge of the US property reinsurance/insurance market preferred.
• Willingness to travel up to 25% of the time and dedicate a considerable amount of time to develop broker and client relationships.
• Ability to collaborate and deliver in a cross functional team environment.
• Excellent negotiation and analytical skills
• Proficient with Word, Excel and Power Point
• Working knowledge of Salesforce and Tableau a plus
• Working knowledge of RMS and/or AIR a plus · Ideal candidate has 2 – 5 years of prior experience in (re) insurance industry

You may not meet every requirement listed in the job description. If you bring broad expertise and alignment to the role and resonate with our core values, we encourage you to apply.

Relocation assistance within the U.S. is available for this position. Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

Hybrid Work Policy

SCOR is committed to an “in‑office” culture where people can collaborate, exchange ideas, and establish stronger working relationships while 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.

Benefits

• Medical, vision, and dental coverage
• 401(k) Plan with a competitive match
• Company-funded Defined Contribution Retirement Program
• Life and AD&D insurance
• Long- and Short-Term Disability
• Flexible Parental Leave
• Unlimited Sick Days
• Volunteer Time
• Summer Fridays
• Learning & Development Resources
• Personal Wellness Tools and Rewards
• Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios
• And More!

Pay Range

Pay Range for roles performed in NY & CHI: $185,500-251,500 and $171,000-$231,500 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.

Locations

• 233 S. Wacker Drive, Chicago, IL, 60606, US