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Sr Construction Underwriter

Date: Oct 12, 2021

Location: Houston, US

Company: SCOR

     AMERICAS     

Houston United States (US) 

|

Sr Construction Underwriter 

Permanent 

Underwriting 

 

Specialty Insurance

The Art & Science of Risk Are Part of Our DNA

In a changing and expanding risk universe, our worldwide experts form a formidable, combined Specialty unit that protects our Commercial Insurance clients from the latest global threats.

Representing 25% of P&C gross written premiums, SCOR’s Specialty unit offers its clients a broad range of value-added products, solutions and services through:

• Single risk underwriting: focusing on large industrial and specialty risks or facultative reinsurance, with flexible access to different licenses.

• Risk Portfolio underwriting/MGA: focusing on risks for niche and small and medium-sized enterprises, with underwriting authority delegated to partners in the U.S., Brazil, and EMEA.

 

Our teams service the marketplace with their deep-rooted understanding of industry and their technical, innovative and scientific know-how.

 

Job Specification

•           Produce new business from the North America region in Builders Risks, Contractors All Risks (CAR) and Erection All Risks (EAR) policies on a Single Project or Annual basis form, insurance, and facultative reinsurance within Power, Oil & Gas, Infrastructure, Renewables, and Buildings segments.

•           Contribute to the development and quality of the portfolio in accordance with the underwriting policy and the direction being selected by the Global Line of business.

•           Contribute to the commercial activity for the Region, in coordination with other Lines of Business.

•           Give added value to the Global Construction teams on specific technical and/or language skills

 

 

Principal Duties & Responsibilities

Under the direct authority of the New York based NA Regional Head of Construction:

 

Principal activities

•           Underwrite, build and maintain a profitable portfolio in accordance with the Specialty Insurance underwriting guidelines

•           Underwrite in a technical manner to assess risks in order to determine their insurability and apply appropriate terms and conditions.

•           Identify new business targets in order to develop a profitable profile for Specialty Insurance.

•           Build and maintain relationships with clients and their intermediaries (brokers, risk managers, ceding companies).

•           Visit regularly our clients and project sites (approx. 15-30 days of business travel per year)

•           Promote SCOR to our customers by using the communication and marketing products (seminars, forums, materials, etc.).

•           Work in close cooperation and coordination with your colleagues in the SCOR network with appropriate sharing of business objectives to produce the best response to your producers and for the division.

•           Analyse the construction portfolio paying particular attention to profitability.

•           Responsibly manage data recorded in our information systems to give an accurate representation of the risks subscribed and to allow portfolio analysis.

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

•           Regularly interact with our claims team to inform the underwriting process.

 

Contract management

•           Maintain reliable data in the IT tools – FW, Omega, DMS

•           Ensure proper management of contracts (endorsements, renewals, claims, etc.) and proper control of the accuracy of data keyed into the IT system;

•           Maintain profitability and sustainability as a key driver for decision making

 

Client management

•           Adopt a solution-oriented customer centric view, in building on cross selling with other Lines of business or with treaty for fac services.

 

Global Construction team

•           Participating in broader Global construction initiatives and projects.

 

 

Training, experience and skills required

You are a senior underwriter with at least 10 years of experience in your insurance market with exposure to all types of international construction risks.  Previous experience of working in the construction industry is also desirable.

 

Key characteristics sought include:

•           Active engagement and contribution to the global construction team is essential

•           An enquiring mindset with the ability to work independently as a motivated and pro-active self-starter

•           A clear understanding of the value and role of leadership together with an active approach to risk management

•           Self-disciplined, principled and decisive decision making

•           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 and confident to represent SCOR at conferences, meetings or professional associations

•           Able to travel regularly

 

Experience and educational skills required

Engineering degree and/or recognized professional insurance qualifications.

 

Please contact your HR team should you have any question.