Energetic and progressive bilingual individual looking to develop or build on a career in reinsurance underwriting. This position will be based in Toronto and involves travel to visit with clients in Canada and on occasion for internal reasons, internationally. Reporting to the Head of Treaty, the Treaty Underwriter will learn from 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 a financial background and be comfortable with elements of financial analysis.
SCOR is the 4th 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.
The Group’s strategy is based on a development model driven by three entities: SCOR Global P&C (Property and Casualty reinsurance), SCOR Global Life (Life reinsurance), and SCOR Global Investments (asset management).
Key duties and responsibilities
o Evaluate renewal and new business treaty reinsurance programs.
Structure and negotiate appropriate terms and conditions
Evaluate and negotiate contract wording
Evaluate and negotiate pricing in conjunction with actuaries
Perform underwriting audits at current and potential clients
o Market SCOR products to insurance companies and reinsurance brokers to obtain suitable business.
o Organize and manage client events.
• Account Management
o Responsibility to maintain all documentation for assigned accounts as per SCOR guidelines.
o Refer all issues as required by SCOR guidelines
o Inform SCOR Underwriting Management and SCOR Canada management as required of activities, client and portfolio results
Only candidates that are eligible to work in Canada will be considered for the position.
Required experience and Education
• A minimum of 5 years of (re)insurance experience
• Financial education or experience
• Excellent analytical skills.
• Solid communication skills
• CIP or other insurance studies preferred
• Proficient in Microsoft Office Suite, particularly Excel
• Bachelor Degree