Underwriter, Executive Risks, SBS

SCOR

$122K — $149K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree from a reputable University
  • 2 to 5 years of experience in underwriting Directors & Officers Liability
  • Insight into Commercial D&O, Financial Institutions, or E&O/Professional Liability
  • Strong relationships with distribution partners in Canada
  • Effective communication and project management skills
  • Team-oriented with strong business acumen
  • Willingness to develop leadership skills as the team grows

Responsibilities

  • Execute the D&O single risk strategy
  • Meet or exceed financial targets in profitability and premium
  • Enhance underwriting methodology for D&O and related products
  • Contribute to long-term growth through policy development
  • Manage higher complexity assignments within authority levels
  • Build relationships with distribution partners for new business
  • Collaborate for integrated all-lines account solutions
  • Proactively manage accounts for long-term profitability
  • Monitor legal and regulatory trends in the industry
  • Travel approximately 20% of the time

Benefits

  • Hybrid work arrangement with 3 days in-office and 2 days remote
  • Health insurance coverage
  • Life and disability insurance
  • Retirement savings plan
  • Paid holidays and time off
  • Opportunities for annual bonuses and performance incentives
Full Job Description
Job Description

Seeking a self-starter, highly motivated, qualified professional with a strong work ethic that will be responsible for working with the Executive Risks team on executing the Directors and Officer Liability single risk strategy for SCOR Business Solutions. Candidates should possess a broad skillset to contribute and lead in a variety of disciplines including underwriting, relationship management, and policy forms. Must be team player and have effective communication and project management skills to work with all the internal stakeholders (claims, actuarial, legal, Underwriting Management, Group Risk Management and Senior Management) that have a vested interest in this highly visible initiative.

Responsibilities

  • Successfully execute the single risk D&O strategy
  • Achieve and exceed the financial targets (profitability, expense, premium) for this line of business while also making a positive contribution to the SCOR Business Solutions Americas results.
  • Assist the Executive Risks team in growing and refining the underwriting methodology for D&O and related product lines.
  • Contribute to long-term growth strategy including development of new policy forms.
  • Operate within delegated authority levels on assignment of higher technical complexity and coordination.
  • Develop relationships with distribution partners throughout the Americas and proactively work with them to seek new business opportunities on targeted companies.
  • Collaborate with other SCOR Specialty underwriters in the Americas to provide comprehensive "all lines" whole account solutions where possible.
  • Proactively manage your accounts and make any necessary adjustments in the industry mix, attachment points and limits to ensure a long term, profitable book of business.
  • Develop and maintain relationships with distributors (brokers) in support of business retention and acquisition.
  • Keeps abreast of legal, regulatory and industry trends that may impact this line of business.
  • Travel - 20% of time


Qualifications

  • Bachelor's degree from a reputable University
  • Insurance Industry designations (RPLU, etc.) desired but not require
  • 2 to 5 years of successful underwriting of Directors & Officers Liability and related lines of business
  • Preferred experience focused on Commercial D&O, Financial Institutions, and/or E&O/Professional Liability
  • Strong relationship with distribution partners throughout Canada
  • Accountability, team-oriented, strong business acumen, communication skills (oral & written), self-starter, flexibility, time management, strong ethics
  • As the business grows, willingness to develop the competency skills needed to become a team leader

You may not meet every requirement listed in the job description. If you bring broad expertise and alignment to the role and resonate with our core values, we encourage you to apply.

Hybrid Work Policy:

SCOR is committed to an "in-office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while ll providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.

Pay Range for roles performed in Toronto: $122,497-$149,179 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.

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