VP - Sr Facilities Underwriter, Property, Cedant Fac Re

SCOR; New York (NY); Hybrid; USD 225,000 - 304,000; Full time

Benefits offered by this job

Medical coverage

401(k) Plan

Life insurance

Disability insurance

Summer Fridays

Wellness tools

Gym memberships

Job summary

SCOR is seeking an experienced Senior Underwriter for property and facilities in the United States. You will support regional facultative offerings, originate placements with cedants and brokers, and collaborate with global teams to enhance profitability and market leadership.

The role requires 8+ years of U.S. facultative underwriting, strong negotiation skills, and deep knowledge of property risk, pricing, and regulatory considerations.

Qualifications

• Degree in insurance, risk management, math, engineering or science.
• Minimum of 8 years of relevant U.S. facultative property underwriting experience.
• Proficiency in pricing, contracts governance, bordereaux analysis, and new business origination.
• Strong expertise in property lines, risk assessment, pricing and regulatory requirements.
• Experience building and steering a book of business through cycles.
• Understanding end-to-end underwriting processes and related considerations.
• Ability to work in a matrixed, international environment.
• Agile work style with a bias for action.

Responsibilities

• Strategic client engagement to originate placements that fit capacity and risk appetite.
• Collaborate with reinsurance and insurance colleagues to generate profitable business.
• Negotiate terms, pricing and conditions for facultative solutions.
• Manage and renew the portfolio, assess risk exposures and optimize capacity.
• Work with analytics teams to determine facultative needs based on exposure and loss scenarios.
• Maintain relations with cedants and brokers to showcase SCOR's market position.
• Ensure accurate deal documentation, reporting, and claims settlements.

Skills

Negotiation

Client engagement

Market knowledge

Portfolio management

Collaborative teamwork

Education

Degree in insurance/risk management/math/engineering/science

Job description

About SCOR: 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.

Job Summary: SCOR has created a new global 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 key market in the industry. Creating this book of business, in collaboration with the wider Insurance and Reinsurance teams is where this role begins. Within this role, you play a key role in SCOR’s facultative property reinsurance offering, across the United States, developing and strengthening relationships with cedants and brokers and collaborating internally with peers and counterparts in the global SCOR organization. You will not only assess single property risks but also underwrite facilities, negotiate terms with brokers and cedants, manage bordereaux’s, portfolio performance and long‑term profitability.

As a senior underwriter for property and facilities, you will support business development efforts, including business origination and ongoing maintenance of SCOR’s facultative offering to cedants and brokers, in the region. You support the achievement of the plan and contribute to the profitability of the cedant facultative transactions in the US and play an important part of the regional underwriting success. Your individual contributions help advance the regional and global cedant facultative ambition through sound technical and profitable underwriting. These goals require experienced underwriting and commercial skills to develop SCOR's market share and leadership position across facultative reinsurance.

Responsibilities

• Strategic Client Engagement - Support the development & delivery of the regional facultative ceding strategy within your line of business by helping through originate placements that align capacity and risk appetite requirements
• Team Collaboration - Build strong, collaborative relationships with reinsurance & insurance colleagues to help generate profitable business to ensure SCOR is represented consistently to clients
• Market Negotiation - Negotiate terms, pricing and conditions to secure and provide the best possible facultative reinsurance solutions
• Portfolio Optimization - Assist in managing and renewing the existing portfolio of facultative placements, assessing placements against our risk profile, identify exposures and optimize capacity allocation
• Analytics Discovery - Collaborate with analytics and risk modelling teams to determine optional facultative reinsurance needs based on exposure and loss scenarios
• Client Management - Maintain constructive relationships with cedants and brokers, showcasing our position in the market, and additional value provided through our expertise
• Operational Excellence - Ensure accurate and timely deal documentation, including reporting, reserving and claims settlements in conjunction with the relevant departments
• Compliance - Ensure facultative placements meeting internal governance, compliance and regulatory requirements, aligned with the Internal Control System 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 portfolio management

Desired Qualifications

• Degree in insurance, risk management, math, engineering or science
• Minimum of 8 years of relevant industry experience in U.S. facultative property underwriting, construction background is an advantage
• Proficiency in treaty and facility pricing, legal contract governance, bordereaux analysis, negotiating terms and new business origination
• Strong expertise in property lines, strong command of technical risk assessment, pricing, U.S. regulatory requirements, and market best practices
• Experience in both experience‑based and exposure‑based rating methodologies for facultative property business
• Experience building, managing, and steering a book of business through market cycles
• Good understanding of value creation, end‑to‑end underwriting processes, and related actuarial, accounting, legal, and regulatory considerations
• Exposure to working within matrixed organizations and fast‑evolving international environments
• Agile work style with a bias for action
• Strong team orientation and collaborative mindset
• Established relationships with key broking and cedant partners
• Strong negotiation, presentation, and marketing capabilities

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.

At SCOR, we CARE about clients, people, and societies, and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical, financial, and emotional well‑being of the people who make our company successful - you.

Benefits We Offer

• 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
• Unlimited Sick Days
• Summer Fridays
• 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 for roles performed in NY: $225,000 - $304,000 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.