Senior Portfolio Underwriter - SCOR Business Solutions (SBS)

Responsibilities

• 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.
• Explore 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.
• 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.
• 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.
• 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.
• 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.
• 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.

Qualifications

• 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.

Experience (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.