Job Description

We are looking for a Senior Credit & Surety Underwriter in Beijing. This is a senior technical underwriting role within SCOR’s CSPR Specialty Underwriting team, with responsibility for the underwriting and development of trade credit and surety reinsurance business in China, while contributing to SCOR Beijing’s client strategy through technical expertise, market insight and selected client engagement.

SCOR’s Credit, Surety, Political Risk (CSPR) Specialty Department:

The Credit, Surety, Political Risk (CSPR) Underwriting team consists of 16 Underwriters and one CSPR Analyst based in Paris, Zurich, Miami, New York, Singapore, Mumbai, Beijing and Hong Kong. The team manages and oversees a portfolio generating approximately EUR 700 million in premium income, with markets organized across the Americas, EMEA and Asia-Pacific.

Asia-Pacific contributes approximately 22% of SCOR’s CSPR premium income and is served through Singapore as the regional hub, together with Mumbai, Beijing and Hong Kong. In China, SCOR CSPR holds a leading market position. Its clients include institutions that provide export credit insurance to companies against buyer payment default, insolvency, financial distress and political risks in the buyer’s country, such as currency inconvertibility, embargoes and civil unrest. SCOR also reinsures surety companies that issue guarantees for the fulfilment of legal or contractual obligations, including tax-related commitments and construction contract performance.

The Asia-Pacific portfolio is composed of approximately 74% Credit, 20% Surety and 6% Single/Political Risk business, primarily written through treaty reinsurance, with some facultative placements. The team is also developing and launching digital trade credit insurance solutions to increase penetration among SMEs and further support global trade growth.

Mission

As a member of SCOR’s CSPR Specialty Underwriting team based in Beijing, the Senior Credit & Surety Underwriter, China, is responsible for underwriting, developing and managing trade credit and surety reinsurance business in China, in line with SCOR’s CSPR underwriting strategy, appetite, governance and profitability objectives.

The role is primarily a technical underwriting role. The jobholder is expected to assess, negotiate and underwrite treaty and facultative opportunities, analyse cedant portfolios and underlying risks, contribute to pricing and risk selection decisions, and monitor the performance of in-force business. The role requires the exercise of underwriting judgement within approved authorities, governance frameworks and SCOR's risk appetite.

Given the strategic importance of China for SCOR, the role supports the execution of SCOR Beijing's client strategy by providing CSPR expertise, market insight and technical underwriting leadership.

The jobholder works closely with the Asia-Pacific CSPR regional management, the wider CSPR Specialty Underwriting team, and the China Reinsurance team to ensure alignment between CSPR underwriting priorities and SCOR’s broader client strategy in China.

Key duties and responsibilities:

1. CSPR underwriting, China

• Underwrite, negotiate and manage trade credit and surety reinsurance business in China, including treaty and facultative opportunities.
• Support the achievement of portfolio profitability, growth and risk-adjusted return objectives for the China CSPR portfolio.
• Assess cedant portfolios, product structures, policy wording, historical performance, claims experience, pricing assumptions and risk selection practices.
• Analyse financial, sector, country, portfolio and accumulation risks to support underwriting decisions.
• Contribute to pricing discussions and underwriting recommendations in line with SCOR’s CSPR underwriting framework, risk appetite and profitability objectives.
• Monitor in-force business, claims trends, recoveries and portfolio performance.
• Conduct portfolio reviews, technical audits and underwriting discussions with cedants to support disciplined portfolio development.
• Identify opportunities to develop profitable CSPR business in China, including selected treaty, facultative and product development initiatives.

2. Client and market engagement in China

• Develop and maintain strong relationships with cedants, brokers and other relevant market stakeholders.
• Act as a local technical point of contact for CSPR matters in Beijing, in close coordination with the Asia-Pacific CSPR regional management and the China Reinsurance team.
• Contribute to SCOR Beijing’s client strategy by bringing CSPR expertise, market insights and technical content to selected client discussions.
• Promote SCOR’s CSPR capabilities through client meetings, seminars, workshops, conferences and other market engagement initiatives.
• Stay abreast of market, regulatory, economic and competitive developments in China and share relevant insights with the CSPR and China Reinsurance teams.

• Represent SCOR's CSPR Specialty line in China and contribute to strengthening SCOR's market position and reputation with clients, brokers and other key stakeholders.

3. Collaboration and internal contribution

• Work closely with the CSPR Specialty Underwriting team, the Asia-Pacific regional team, the China Reinsurance team, pricing actuaries, legal, claims, finance and other relevant internal stakeholders.
• Support the development and execution of the CSPR China underwriting plan in alignment with validated regional and global priorities.
• Identify and leverage SCOR’s internal expertise to differentiate the CSPR value proposition for selected Chinese clients.
• Contribute to knowledge sharing within CSPR and across SCOR on China market trends, cedant needs, portfolio developments and emerging risks.

4. Digital Trade Credit and Innovation

• Contribute to the development of digital trade credit initiatives in China, including SMART Credit and similar programmes, where relevant to SCOR’s CSPR strategy.
• Monitor digital market developments, product innovation, regulatory changes and competitive dynamics to identify potential growth opportunities.
• Support use cases and initiatives with strategic partners, clients and internal teams in China and, where appropriate, across Asia-Pacific.

Required experience & competencies:

• Bachelor's Degree ideally in economics, finance, risk management, mathematics, business administration or a related discipline.
• Significant experience in trade credit, surety, corporate banking, insurance, reinsurance or a closely related field, with a strong understanding of credit risk, portfolio analysis, underwriting discipline and client relationship management. Prior experience in the Chinese insurance, reinsurance, banking or financial services market would be a strong advantage.
• Strong analytical judgement, commercial awareness and technical underwriting discipline. The candidate should be able to assess complex risks, challenge assumptions, formulate clear underwriting recommendations and communicate effectively with senior internal and external stakeholders.
• The candidate should be autonomous, organised, rigorous and comfortable operating in a matrix environment, working closely with both the CSPR Specialty Underwriting team and the China Reinsurance team.
• Strong interpersonal, negotiation, presentation and relationship management skills are essential.
• Fluency in Mandarin Chinese and English, both written and spoken is required to engage with local market clients.

SCOR values

The successful candidate is expected to embody SCOR's values of Care, Integrity, Courage, Open Minds and Collaboration in the way he or she underwrites business, serves clients and works with colleagues across functions, markets and geographies.

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.