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Energy Underwriter

Date: Sep 24, 2021

Location: Houston, US

Company: SCOR

     AMERICAS     

Houston United States (US) 

|

Energy Underwriter 

Permanent 

Underwriting 

 

 

          About SCOR         

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.

 

Job Summary

 

Scor Business Solutions is a Division of SCOR Global P&C dedicated to the underwriting of the insurance and reinsurance programs of large Corporate Clients, with regional underwriting centers located in Europe, Americas and APAC.

The CUO for onshore energy worldwide defines and is responsible for the global underwriting strategy and manages the portfolio of onshore clients. The head of the Americas manages the local resources in the US, he then contributes to the implementation of the strategy.

 

An onshore energy underwriter is responsible for underwriting individual large and risk engineered energy accounts in the US whether providing property insurance or reinsurance. She/he will maintain technical underwriting expertise, and communicate market developments. In addition, this individual also will contribute to the growth and expansion of other SBS and Scor products and footprint in the energy sector.

The successful candidate will have strong connections and recognized experience in the energy industry or energy insurance in the U.S. The ideal candidate would possess strong business development and program management skills and have a deep understanding of client needs. She/he will be working in tandem with a senior property underwriter in Houston who also is a key client manager, she/he will assist him to grow the portfolio and Scor’s reputation in the energy segment.

 

 

Key duties and responsibilities

 

Property underwriting

 

•    Underwrite Corporate Accounts and build up portfolio, according to the onshore energy  Underwriting Guidelines,

•    Market retail brokers, reinsurance brokers, and insurance companies to obtain suitable business and negotiate acceptable terms and conditions. Travel throughout the region serviced by the office is required.

•    Get an extensive knowledge of energy property broker network.

•    Evaluate the technical aspects of risks, both from an engineering and underwriting standpoint. 

•    Determine acceptable underwriting terms and conditions to write profitable business.

•    Determine exposures, normal loss expectancies (NLE’s), maximum possible loss (MPL) and FMLS.

•    Determine pricing of risks for both quota share, and excess layers.

•    Issuance of necessary paperwork such as binders, policies, certificates and endorsements.

•    Maintenance of complete underwriting files.

•    Service accounts for renewals and other items, including meetings with Brokers, Insurance Companies, and Risk Managers.

•    Review and approval of policy wording.

•    Assistance with premium collections when necessary.

•    Evaluation of claims, in co-operation with the claims department.

•    Report on accounts and marketing activity,

•    Supervise the administration of OMEGA/Forewriter back-office tool (in liaison with the Technical Assistants ) in relation to new or existing accounts,

•    Produce marketing materials and intelligence documentation based on research and analysis of both the portfolio results and the market data.

 

Client management

 

•    Contribute in developing and executing a growth strategy for specific SBS clients within the energy sector in the U.S.

•    Participation in regional, national and international business development activities.

•    Track and provide advice to SBS Underwriting and Management Team regarding market trends and opportunities

•    Help the Key Client Manager in growing SBS penetration in that particular sector.

•    Utilize energy and industry knowledge to provide strategic and tactical support on a multi-million dollar book of business.

•    Help maintain the current book of business through the development of strong relationships between Scor and senior points of contact in the organization of our key  clients, resulting in high client satisfaction and retention.

•    For some selected clients, help the key client manager to reinforce his interface between them and SBS or other Scor cross functional teams.

•    Maintain energy risk and insurance knowledge, through participation in industry events, training programs and consistent market research/engagement.

•    Engage our key energy clients in proactive, value driven discussions.

•    Prepare and present materials to the client to increase client engagement and drive awareness of Scor and SBS’s value.

•    Manage key performance indicators (KPI’s) in terms of revenues and profitability objectives as well as key client information updating on salesforce for assigned accounts.

 

 

Required experience & competencies

 

Experience

 

•    Bachelor’s or Master’s Degree in mechanical engineering, Energy, Sustainability or similar and in Business Administration.

•    Minimum 3 years’ experience in project management or technical services to the energy sector with an emphasis in risk management. You will have strong business acumen and be well informed of the energy markets you operate in, therefore an understanding of the broader Energy/Utilities sector and the risk issues affecting it, ideally gained first hand from working directly in the sector or its supply chain (OR) Minimum 3 years’ experience in the property insurance sector, (including business development and/or client management experience).

•    Strong business and financial acumen.

 

Skillsets and Competences

 

•    Self-motivated, strong initiative, and effective oral and written skills.

•    Strong presentation skills, with advanced knowledge of Microsoft Office tools.

•    Must be able and willing to travel to other SBS and client locations within the U.S, most of the transactions are client facing meetings.

•    Positive, flexible, and team-oriented approach

•    Ability to see trends in data, understand origin of data, and incorporate data into meaningful reports and/or presentations.

•    Experience working with customer CRM software, Salesforce experience preferred

•    Relationship building skills

•    Internal coordination/project management

•    Issue Management/Resolution

 

 


Nearest Major Market: Houston