Senior Portfolio Underwriter - SCOR Business Solutions (SBS)

SCOR is seeking for a Senior Portfolio Underwriter to join the Political and Credit Risk (PCR) team.


The successful candidate will be responsible for leading the credit underwriting process across a portfolio of counter parties, ensuring alignment with PCR's risk appetite. The role involves assessing complex credit proposals, managing portfolio-level risks, mentoring junior underwriters, and contributing to strategic portfolio decisions.

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.

Job Summary

• Manage existing portfolio programs (renewals, endorsements, risk and client visits, client meetings, claims involvement).
• Contribute positively to the overall results of SCOR Business Solutions (SBS) with demonstrably sound technical and profitable underwriting
• Develop SCOR's market share and leadership position
• Negotiate bespoke service lines specific wordings
• Represent SCOR at international events, both general industry conferences and client hosted annual conferences
• Exploring opportunities to delegation and ensuring adherence to existing underwriting parameters and consistency where PCR delegates
• Developing PCR's pragmatic underwriting approach
• Support the PCR Global Line Head to develop and expand the portfolio business line.

Some of the key areas of responsibility are as follows;

Underwriting

• Lead the underwriting of new and existing portfolios of counterparty credit risks, including complex and high-value exposures.
• Receive, select and evaluate offers of business from various sources, calculate ratings and negotiate the bespoke wordings of the contracts
• Generate and originate new offers and promote SCOR by pro-active marketing in accordance with the strategy and guidelines defined in the SBS Roadmap and relevant guidelines.

Portfolio Oversight

• Maintain accurate records of quotes, risks accepted and declinatures
• Control and verify premium income according to business plan
• Oversee the submission of special acceptances to SCOR Underwriting Committee and Reinsurers for those deals which fall outside Underwriting Guidelines and pre-agreed reinsurance treaty terms
• Monitor portfolio performance and risk metrics across sectors and geographies.
• Set key underwriting thresholds and ensure these are reported and monitored on an ongoing basis
• Work with the portfolio analyst to identify portfolio risk concentrations, trends, and propose proactive mitigation strategies.
• Support portfolio optimization initiatives to improve risk-adjusted returns.

Reporting and Governance

• Ensure underwriting decisions comply with internal credit policies and external regulations
• Contribute to the development and refinement of underwriting frameworks and risk appetite statements
• Assist the Global Line Head to produce reports of various formats for reporting purposes as required
• Contribute to the claims settlement process in conjunction with the claims department
• Ensure compliance with all relevant international licensing requirements for SCOR's various offices

Stakeholder Engagement

• Work with PCR head of credit risk analysis to design reporting procedures
• Maintain and develop relationships with clients and brokers; travel as and when required to do so
• Attend market, broker and client hosted events
• Attend SCOR's Lloyd's box to service brokers submissions and endorsements, and negotiate policy terms
• Represent SCOR on the LMA panel on an ad hoc basis

Leadership & Mentoring

• Provide guidance and oversight to junior underwriters and the portfolio analyst
• Initially, this role does not have reporting responsibilities, but these may emerge over time

Essential

• Educated to A Level, or equivalent qualifications
• Relevant university degree, or equivalence

Desirable

• ACII Qualified
• Actuarial background

Experience

Essential

• Extensive experience in credit underwriting, portfolio management, or related roles.
• Deep understanding of credit risk, financial analysis, and counterparty assessment.
• Experience with complex credit structures, syndicated lending, or derivatives (as applicable).
• Proven underwriting skills including wording negotiation.
• Good market relationships.
• Established client relationships.
• Experience of writing international business.

Desired

• Experience of presenting to reinsurers.
• Experience of writing direct (i.e. non-brokered) international business.
• Experience in the London insurance market.

Competencies

• Sound technical portfolio underwriting skills
• Excellent written and verbal communication, especially for senior stakeholder engagement.
• Ability to manage competing priorities and make sound judgements under pressure.
• Knowledge of competitors, cedants, reinsurers and brokers within the London market and internationally
• Commercial and tactical vision
• Ability to successfully negotiate face-to-face with brokers
• Ability to lead business
• Ability to promote the underwriting policy
• Able to adapt well to SCOR structure and philosophy, which includes technical underwriting and technical referrals
• Ability to quickly acquire a thorough understanding of SCOR's underwriting policy and guidelines
• Team player as well as capable of working on own initiative

• Proven experience in portfolio underwriting and client engagement.
• Strong technical acumen and commercial awareness.
• Confidence in negotiating complex wordings and bespoke solutions.
• A collaborative mindset and global perspective.
  
  

• Be part of a world-leading reinsurer with a reputation for innovation and excellence.
• Work alongside industry experts in a dynamic, international environment.
• Enjoy career development, global exposure, and a culture that values expertise and initiative.

Ready to lead with impact? Apply now and help shape the future of specialty underwriting at SCOR.