Senior Portfolio Underwriter - SCOR Business Solutions (SBS)

•  Manage existing portfolio programs (renewals, endorsements, risk and client visits, client meetings, claims involvement). 

• Contribute positively to the overall results of SCOR Business Solutions (SBS) with demonstrably sound technical and profitable underwriting

• Develop SCOR’s market share and leadership position

• Negotiate bespoke service lines specific wordings

• Represent SCOR at international events, both general industry conferences and client hosted annual conferences

• Exploring opportunities to delegation and ensuring adherence to existing underwriting parameters and consistency where PCR delegates

• Developing PCR’s pragmatic underwriting approach 

• Support the PCR Global Line Head to develop and expand the portfolio business line.

Underwriting

• Lead the underwriting of new and existing portfolios of counterparty credit risks, including complex and high-value exposures.

• Receive, select and evaluate offers of business from various sources, calculate ratings and negotiate the bespoke wordings of the contracts

• Generate and originate new offers and promote SCOR by pro-active marketing in accordance with the strategy and guidelines defined in the SBS Roadmap and relevant guidelines.
  
  Portfolio Oversight 

• Maintain accurate records of quotes, risks accepted and declinatures

• Control and verify premium income according to business plan

• Oversee the submission of special acceptances to SCOR Underwriting Committee and Reinsurers for those deals which fall outside Underwriting Guidelines and pre-agreed reinsurance treaty terms

• Monitor portfolio performance and risk metrics across sectors and geographies. 

• Set key underwriting thresholds and ensure these are reported and monitored on an ongoing basis

• Work with the portfolio analyst to identify portfolio risk concentrations, trends, and propose proactive mitigation strategies. 

• Support portfolio optimization initiatives to improve risk-adjusted returns.
  
  Reporting and Governance 

• Ensure underwriting decisions comply with internal credit policies and external regulations. 

• Contribute to the development and refinement of underwriting frameworks and risk appetite statements.

• Assist the Global Line Head to produce reports of various formats for reporting purposes as required

• Contribute to the claims settlement process in conjunction with the claims department

• Ensure compliance with all relevant international licensing requirements for SCOR’s various offices
  
  Stakeholder Engagement 

• Work with PCR head of credit risk analysis to design reporting procedures.

• Maintain and develop relationships with clients and brokers; travel as and when required to do so

• Attend market, broker and client hosted events

• Attend SCOR’s Lloyd’s box to service brokers submissions and endorsements, and negotiate policy terms

• Represent SCOR on the LMA panel on an ad hoc basis

  Leadership & Mentoring

• Provide guidance and oversight to junior underwriters and the portfolio analyst.

• Initially, this role does not have reporting responsibilities, but these may emerge over time.

 Essential

• Educated to A Level, or equivalent qualifications

• Relevant university degree, or equivalence 

   

Desirable

• ACII Qualified

Actuarial background


Experience 

Essential

• Extensive experience in credit underwriting, portfolio management, or related roles. 

• Deep understanding of credit risk, financial analysis, and counterparty assessment. 

• Experience with complex credit structures, syndicated lending, or derivatives (as applicable).

• Proven underwriting skills including wording negotiation.

• Good market relationships.

• Established client relationships.

• Experience of writing international business.

  Desired

• Experience of presenting to reinsurers.

• Experience of writing direct (i.e. non-brokered) international business.

• Experience in the London insurance market.

   

  Competencies 

• Sound technical portfolio underwriting skills

• Excellent written and verbal communication, especially for senior stakeholder engagement. 

• Ability to manage competing priorities and make sound judgements under pressure.

• Knowledge of competitors, cedants, reinsurers and brokers within the London market and internationally

• Commercial and tactical vision
  Ability to successfully negotiate face-to-face with brokers

• Ability to lead business

• Ability to promote the underwriting policy

• Able to adapt well to SCOR structure and philosophy, which includes technical underwriting and technical referrals

• Ability to quickly acquire a thorough understanding of SCOR’s underwriting policy and guidelines

• Team player as well as capable of working on own initiative