We are seeking a motivated and commercially minded individual to join our Financial Institutions (FI) underwriting team. This is an excellent opportunity for an existing underwriter with previous experience in FI , looking to take the next step into a more autonomous and visible underwriting role.
The successful candidate will support the underwriting and management of a portfolio of Financial Institutions risks, including banks, asset managers, private equity firms, insurance companies, fintechs, and other financial services businesses. You will work closely with senior underwriters, brokers, and other stakeholders to develop technical underwriting skills while building a strong understanding of the FI market.
Some of the key areas of responsibility are as follows;
Underwriting
Underwriting new business and renewals within delegated authority limits.
Review submissions, financial information, proposal forms, and supporting documentation.
Attend and actively participate in client and broker meetings.
Prepare underwriting and pricing analysis for review by senior team members.
Support portfolio monitoring and exposure management activities.
Broker & Client Relationship Management
Build and maintain relationships with brokers and key trading partners.
Attend/host broker meetings, market presentations, and industry events.
Respond to broker enquiries in a timely and professional manner.
Support retention of existing business and identification of new opportunities.
Portfolio Management
Assist in monitoring profitability, rate adequacy, and portfolio performance.
Maintain accurate underwriting records and systems.
Ensure compliance with underwriting guidelines, regulatory requirements, and internal controls
Contribute to portfolio reviews and underwriting audits.
Team Collaboration
Work closely with senior underwriters, claims, actuarial, legal, and operations teams.
Participate in underwriting discussions and referral processes.
Contribute to continuous improvement initiatives and process enhancement.
Required experience & competencies
Competencies:
Cycle Management – Having the ability to manage underwriting decisions and relationships around the markets cyclical nature; You are able to flex your mindset to understand underwriting strategy, capacity management, portfolio management and long term partnerships to achieve successful and profitable underwriting decisions
Commercial Business Acumen – You are able to negotiate profitable business with a structure that works for both client and SCOR.
Critical Thinking – You can assess risks, analyse market trends, and make data-driven underwriting decisions to improve profitability whilst mitigating exposure.
Negotiation & Persuasion – You can support negotiations involving complex policies, ensuring client satisfaction and profitability, negotiating terms, resolving conflicts, and advocating for clients
Entrepreneurial Spirit – You can identify new market opportunities, develop innovative products and adapt to emerging risks
Intellectual Curiosity – You have the genuine desire to learn, understand and explore new ideas, concepts and perspectives, and produce credible industry collateral to support SCOR in being a Market Thought Leader
Emerging Risk Discovery – You focus on identifying and evaluating new risks, monitoring and assessing non-traditional risks, and developing policies to address these risks
Required Education
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.
SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions 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 as well as in P&C.
The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable.
The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe.
One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft.
Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.
