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Senior Treaty Underwriter

Date: May 20, 2021

Location: Toronto, CA

Company: SCOR

     Americas     

Toronto Canada (CA) 

|

Senior Treaty 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

Energetic and ambitious, open minded, creative, team player, autonomous individual wishing to pursue a career in reinsurance. This position will be based in Toronto and involves travel to visit with clients in Canada and on occasion internationally. Reporting to the Chief Underwriting Officer, the Senior Treaty Underwriter will manage, with colleagues, all aspects of property and casualty treaty underwriting for Canadian insurers, and become responsible for a portfolio of business. The ideal candidate will have background in one or more of the following fields – underwriting, finance, economics, actuarial science, risk management.

 

 

Key duties and responsibilities

 

  • Underwriting
    • Evaluate renewal and new business treaty reinsurance programs as per SCOR guidelines.
      • Structure and negotiate appropriate terms and conditions
      • Evaluate and negotiate contract wording
      • Evaluate and negotiate pricing in conjunction with actuaries
      • Refer all issues as required by SCOR guidelines
      • Perform underwriting audits at current and potential clients

 

  • Client Management
    • Responsibility for overall SCOR relationship with clients
    • Market SCOR to insurance companies and reinsurance brokers to obtain suitable business.
    • Organize and manage client events

 

  • Reporting and account management
  • Inform SCOR Underwriting Management and SCOR Canada management as required of activities, client and portfolio results
    • Record all documentation for assigned business as per SCOR Guidelines
    • Ensure compliance and document all necessary referrals according to SCOR Guidelines

 

 

 

 

 

Required experience & competencies

 

  • A minimum of 10 years in the (re)insurance industry: primary underwriting; and/or reinsurance brokerage experience.
  • Underwriting education or experience, financial, actuarial, economic, risk management or
  • Proven leadership abilities
  • Ability to collaborate and deliver in a cross functional team environment
  • Excellent analytical skills
  • Solid negotiation and communication skills
  • Proficient in Microsoft Office Suite, particularly Excel
  • Bilingual in French an asset but not required

 

 

Required Education

  • Bachelor Degree.
  • CIP or other insurance studies preferred

 

 

 

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