VP - Sr Facilities Underwriter, Property, Cedant Facultative Reinsurance,

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

Benefits offered by this job

Medical, vision, and dental coverage

401(k) Plan with a competitive match

Defined Contribution Retirement Plan

Life and AD&D insurance

Long- and Short-Term Disability

Personal Wellness Tools and Rewards

Gym memberships

Job summary

SCOR, a leading global reinsurer, seeks a senior underwriter for property and facilities to drive facultative business across the United States. You will develop relationships with cedants and brokers, underwrite facilities and single property risks, and coordinate with SCOR's global teams.

Responsibilities include strategy development, market negotiations, portfolio optimization, and ensuring compliance and timely documentation.

Qualifications

• Degree in insurance, risk management, math, engineering or science
• Minimum of 8 years of relevant industry experience in U.S. facultative property underwriting
• Proficiency in treaty and facility pricing, legal contract governance, bordereaux analysis, negotiating terms and new business origination
• Strong expertise in property lines, 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 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
• Relocation assistance within the U.S. is available for this position.
• Candidates must have valid authorization to work in the U.S. without employer sponsorship now or in the future.

Responsibilities

• Strategic Client Engagement – Support the development and delivery of the regional facultative ceding strategy and originate placements
• Team Collaboration – Build strong, collaborative relationships with reinsurance and insurance colleagues to generate profitable business
• Market Negotiation – Negotiate terms, pricing and conditions to secure best facultative solutions
• Portfolio Optimization – Manage and renew the portfolio, assess exposures and optimize capacity allocation
• Analytics Discovery – Collaborate with analytics and risk modelling teams to determine facultative needs
• Client Management – Maintain relationships with cedants and brokers, showcasing value
• Operational Excellence – Ensure accurate deal documentation, reporting, reserving and claims handling in coordination with departments
• Compliance – Ensure placements meet governance and regulatory requirements
• New Market Ideation – Stay informed on market developments to optimize products and portfolio

Skills

Strategic client engagement

Team collaboration

Market negotiation

Portfolio optimization

Analytics discovery

Client management

Operational excellence

Compliance

New market ideation

Strong negotiation

Presentation

Marketing capabilities

Education

Degree in insurance, risk management, math, engineering or science

Job description

New York, New York, United States

Job Description

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 SCORs 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 SCORs 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

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

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 ll 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
• Personal Wellness Tools and Rewards
• Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios

And More!

PayRangeforrolesperformed in NY:$225,000 - $304,000 basesalaryperyear.Actualsalariesmayvarybasedonvariousfactorsincluding

butnotlimitedtolocation,experience,roleandperformance.TherangelistedisjustonecomponentofSCOR'stotalcompensation packageforemployees.Otherrewardsmayincludeannualbonuses,short-andlong termincentives.Inaddition,weprovideavarietyofbenefitstoemployees,includinghealthinsurance

coverage,lifeanddisabilityinsurance,aretirementsavingplan,paidholidaysandpaidtimeoff.

• Locations 28 Liberty Street, New York, NY, 10005, US

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.