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.
Who we are
Within SCOR Global P&C,
SCOR Business Solutions (SBS)
is the central unit dedicated to insuring the business risks faced by large corporate companies. It has been serving its customers for 45 years and has maintained a continuous presence in the market by upholding a strong technical culture supported by SCOR's best-in-class financial strength rating.
Business activity is structured around four regions (LATAM, NA, EMEA, APAC) through seven global lines of business (Property, Construction, Energy, Casualty/Financial Lines & Executive Risks, Marine/Transport, Political/Credit and Political Violence, Space/Aviation). Clients in each region are served by specialized underwriters who rely on SCOR's technical expertise and client knowledge.
We are looking for a
Construction Underwriter based in Sydney - Australia
, to be a part of the APAC Regional Construction team. This role reports to the APAC Head of Construction in Singapore and will be working closely with the ANZ Market Manager in Australia to underwrite construction business in the APAC region, specifically focusing on Australia & New Zealand.
Key duties and responsibilities
* Underwrite, build and maintain a profitable construction portfolio in accordance with the SBS underwriting guidelines
* Market the SBS capabilities and products to Corporate Risk Managers, Brokers and Reinsurance Brokers in Australia & New Zealand
* Research latest risk management practices, loss lessons learnt, and analyse the portfolio results and market data, leading to produce various marketing and business intelligence documents
* Report regularly on accounts and marketing activity
* Proactively manage prospective construction opportunities in the target segments by early engagement with distribution channels
* Generate new offers and promote the Group by pro-active marketing in accordance with the defined strategy and risk appetite.
* Receive, select and evaluate offers of Construction business from various sources by independently analysing all information including risk engineering reports, calculate ratings, negotiate conditions of the contracts.
* Contribute to the technical knowledge of sectors in which the jobholder is working.
* To cultivate relationships with clients, brokers and reinsurance brokers for business development purposes and explore new business potential through these sources
* Execute growth strategies including Key account management, and Cross Sell Initiatives. Support other SCOR lines by cross selling (Power & Energy, Casualty, Alternative Solutions, …).
* Maintain an accurate database of risks accepted in various IT systems used by SI, e.g. Forewriter, Omega II, UP (Underwriting Platform), SalesForce.
* Contribute to the claims settlement in conjunction with the claims department
* Positively interact with various internal stakeholders within SCOR, including local Australian treaty reinsurance colleagues and cedant facultative team.
Experience:
* Prior working experience in construction industry, preferably with experience working in heavy civil construction site.
* At least 5 years experience in construction insurance/reinsurance market
Education (Preferred):
* Bachelor's degree in Civil Engineering
* Or equivalent current studies for Civil Design & Engineering
Personal Competences:
* Team player: active engagement and contribution to the team
* An enquiring mindset with the ability to work independently as a motivated and pro-active self-starter
* A clear understanding of the value and role of leadership together with an active approach to risk management
* Self-disciplined, principled and decisive decision making
* Organised and able to prioritise under pressure
* Ability to evaluate, condense and summarise key information
* Confidence to develop and maintain a network of brokers and clients
* Excellent communication and presentation skills and confident to represent SBS at conferences, meetings or professional associations
* Able to travel extensively as required in this role