Senior Onshore Energy Underwriter

Date: Jan 13, 2022

Location: Paris, FR

Company: SCOR


Paris France (FR) 


Senior Onshore Energy Underwriter 





          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

This position can be based in London or Paris.

The future jobholder is responsible for underwriting and developing a portfolio of onshore Energy property accounts worldwide.

To generate new business, develop SCOR’s market share in the assigned client portfolio as well as to select, evaluate and underwrite offers of onshore energy property accounts. In addition, visiting clients, brokers and ceding companies as well as surveying risks onsite is an important part of the job.

Key duties and responsibilities

•    Receive, select and evaluate offers of facultative and direct business from various sources, calculate ratings, negotiate conditions of the contracts,
•    Generate new offers and promote the Group by pro-active marketing in accordance with the strategy and guidelines defined by SBS Managers,
•    Respond to all offers in a timely manner,
•    Identify ways to develop new business,
•    Research, develop and report on new areas of profitable growth,
•    Maintaining an accurate computer database of approaches and risks accepted,
•    Control premium income according to business plan,
•    Produce reports of various formats for reporting purposes as required,
•    Develop and maintain relationships with clients and brokers,
•    Contribute to the claims settlements in conjunction with the claims department,
•    Motivate encourage and contribute to the training of SBS admin staff, 
•    15-30 days travelling on company business per annum.
•    Work with pricing actuaries and marketing actuaries to deliver loss and cash models required for the transaction assessment,
•    Write, review contract wordings with the support from the legal staff,
•    Produce internal documentation relating to transaction the underwriter is in charge of (deal memos, accounting assessment, …),
•    Coordinate with Middle Office staff to ensure proper treatment of any closed transaction,
•    Contribute to the technical knowledge of sectors and sub-sectors in which the jobholder is working and occasionally issue technical newsletter on the segment for internal & external publication
•    Join underwriter’s energy visit or risk surveys and issue synthetical notes for internal use

Required experience & competencies

•    You have an experience in the Oil & and Gas industry preferably onshore energy activities.
•    Established Onshore Energy underwriter with several years related underwriting experience

•    You take personal responsibility, focus on excellence, demonstrate initiative and are open to new ideas. 
•    With your negotiation skills, practical thinking abilities and desire to work in an international environment (including travelling) you are an optimal addition to the team. 
•    Very good command of English is a prerequisite and knowledge of Spanish will be a plus
•    Ability to work within a team, to share work and information with other team members
•    Excellent Communication and interpersonal skills
•    Analytical, organizational and reporting skills
•    Proactivity
•    Autonomy
•    Curiosity
•    Flexibility

Required Education 

  • A higher education diploma in Engineering and/or equivalent discipline.