Senior Underwriter, Construction - SCOR Business Solutions (SBS)

Senior Underwriter, Construction – SCOR Business Solutions (SBS)

SCOR, City Of London, England, United Kingdom

As Senior Underwriter in the SBS EMEA construction team, you are responsible for properly underwriting and managing key accounts and projects in the region from London brokers and other sources across Continental Europe, Middle East and Africa. You will bring your expertise in Construction & Engineering Insurance and your experience of the London market to our highly experienced Scor Business Solutions Construction practice located in Paris and London to achieve our objectives in the construction segment.

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.” We work with actuaries, data scientists, underwriters, risk modelers, engineers, and many others to find solutions to pressing challenges facing societies worldwide.

Key duties and responsibilities

Underwriting activities

• Produce new business from the EMEA region in Contractors All Risks (CAR) and EAR (Erection All Risks) policies on a single project or annual basis for insurance and reinsurance.
• Underwrite, build and maintain a profitable portfolio in accordance with the SBS underwriting guidelines, roadmaps and ad‑hoc guidance.
• Underwrite in a technical manner to assess risks, determine insurability and apply appropriate terms and conditions.
• Contribute to the development and quality of the portfolio in accordance with the underwriting policy and the direction selected by the Global Line of Business.
• Give added value to the Global Construction teams on specific technical and/or language skills.
• Correctly service the in‑force portfolio paying particular attention to profitability.
• Manage data in our information systems to provide an accurate representation of risks subscribed and enable portfolio analysis.
• Populate and maintain the Underwriting platform and supervise the administration of the OMEGA back‑office tool in relation to new or existing accounts.
• Regularly interact with our claims team to inform the underwriting process.

Contract Management

• Comply with internal risk management and compliance, ensuring data quality and reporting to all our IT systems (Forewriter, Omega, UP, Salesforce).
• Ensure proper management of contracts (endorsements, renewals, claims…) and control the accuracy of data keyed into the IT system.
• Maintain compliance, profitability and sustainability as key drivers for decision making.

Segment and Client Management

• Contribute to the commercial activity for the region, focusing on London brokers and opportunities in Continental Europe & Middle East.
• Build and maintain relationships with clients and intermediaries (brokers, ceding companies) with a focus on lead placements and long‑term clients.
• Visit clients and project sites (approx. 10‑20 days of business travel per year).
• Promote SCOR to our customers using communication and marketing products (seminars, forums, materials).
• Identify new business targets to develop a profitable profile for Scor Business Solutions.
• Cooperate closely with colleagues in the SBS network to share business objectives and optimize responses to producers and the division.
• Adopt a solution‑oriented, customer‑centric view, building on cross‑selling with other lines of business or P&C treaty for facultative services.

Global Construction Team

• Participate in broader global construction initiatives and projects.

Required experience & competencies

Experience

• Established underwriter with several years of direct construction underwriting experience in the London market or elsewhere.
• Proven underwriting skills including technical expertise and wording negotiation.
• Good market relationships.
• Experience writing international business.
• Reinsurance and insurance knowledge.
• Industry background in construction (civil or mechanical engineering, or construction contract management).
• Sound technical knowledge of subjects associated to underwriting and a broader understanding of related legal, risk management, social and economic topics.
• Ability to negotiate face‑to‑face with brokers.
• Ability to lead business and promote the underwriting policy.
• Understanding of company computer systems.
• Active engagement and contribution to the global construction team are essential.
• Team player with an enquiring mindset, able to work independently as a motivated and proactive self‑starter.
• Self‑disciplined, principled and decisive decision maker.
• Organised and able to prioritise under pressure.
• Ability to evaluate, condense and summarise key information.
• Confidence to develop and maintain a network of brokers and clients.
• Excellent communication and presentation skills; confident representing SBS at conferences, meetings or professional associations.
• Travel will be required.

Seniority level

• Mid‑Senior level

Employment type

• Full‑time

Job function

• Analyst, Business Development, and General Business

Industries

• Insurance Carriers and Insurance

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.