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Surety underwriter

Date: Jun 24, 2019

Location: Miami, US

Company: SCOR

     Americas     

Miami United States (US) 

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Surety underwriter 

Permanent 

Underwriting 

 

 

          About SCOR         

SCOR is the 5th largest Reinsurance Company worldwide, following a profit-driven underwriting policy and practising selectively across all branches of reinsurance. 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

As a team member of the Credit & Surety department, to negotiate, underwrite and manage the business of reinsurance of credit and surety risk insurance, to help with the selection fo reinsurance offers and the quality of trade relations and to perform market and country studies for the further development of teh department.   This role is based in our Miami office and is reporting to the local Credit & Surety Team Leader responsible for treaty cedents based in Latin-America and the Caribbean.

Key Duties and responsibilities

Under the authority of this Department, your responsibilities include:

  • Develop quality business relationships with our clients, advising on conditions of insurance and reinsurance (general conditions, prices ...)
  • Investigate, negotiate and underwrite treaties and facultative offers of introduced business (buyers balance sheet analysis, portfolio analysis of ceding companies, sector and country risk analysis, analysis of the conditions for the selection and the pricing of (re-) insurance), and manage and monitor the in-force business
  • Conduct statistical and technical studies within your area of responsibility to gain a better and thorough understanding of the markets within the respective countries, to promote and help to establish this line of business and to increase our influence and relevance for the sector within the market
  • Perform client portfolio visits and audits to gain a better and thorough understanding of the cedent’s underwriting approach, technical expertise and buyer risk analysis
  • Cooperate with specialty claim department in the assessment/validation of any new claim
  • Participate in maintaining and developing the level of sophistication of the industry, attending industry events (e.g. PASA) and to establish long term relationship with our customers
  • Provide input and help the local C&S team leader in preparing the Latam contribution to the annual C&S treaty underwriting plan and initiatives
  •  Liaising and aligning market strategies with internal Key Client Managers and underwriters of other lines of business

 

Required experience and Education

  • Graduate training, ideally in economics/finance, risk management or mathematics
  • Proven experience of five to seven years in direct credit and/or surety insurance underwriting and/or credit and surety reinsurance.
  • Excellent interpersonal, communication and presentation skills and are team work oriented.
  • Independent, organized and rigorous in your working style
  • Willing to travel extensively in the region.
  • Strong communication skills both verbal and written in English, Spanish and preferably also in Portuguese (for the latter, writing skills are not a necessity).


Nearest Major Market: Miami