Top Benefits
About the role
About SCOR: 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: The Senior Bilingual Underwriting Life and Critical Illness Insurance Underwriting Consultant is responsible for providing facultative underwriting services to clients on large cases and other cases as assigned, within time services standards defined by SGLA and agreed to with clients. May provide second signature review as needed.
Responsibilities:
- Apply sophisticated underwriting procedures to assess complex and/or large medical and financial risks for facultative clients, recognizing instances where deviations from guidelines are applicable
- Strong working knowledge of Life and Critical Illness Insurance products
- Interact with clients to secure specialized or supplementary information; develops alternative solutions when routine/usual methods do not work and provides excellent customer service through understanding, patience and innovation.
- Communicate with all levels of client's underwriters and other company management personnel, explaining the reasoning and theory which surrounds an underwriting impairment, problem and/or decision
- Keep up-to-date with current medical topics, current economics, geopolitical developments, and business environment as well as changing / new financial evaluation concepts and measures
- Function effectively and professionally within a team with little supervision
- Understand and effectively implement all SCOR retrocession schedules
- Ability to attend and participate in client liaison including external client audits, client visits and relationship management.
- Ability to provide case referral/co-sign abilities as needed
- Active participation in the insurance industry, for example being a member on a committee, attending conferences, writing white papers or presentations for clients or at various conferences
- Other duties as required including special projects
Desired Qualifications:
- Minimum of seven years of Underwriting experience with at least 4 years in a senior underwriting position including a high approval authority ($10 million per life minimum)
- A baccalaureate degree and/or relevant experience
- Excellent oral and written communication skills
- Self-motivated and autonomous
- Demonstrated successful track record working with field force and/or sales representatives and when applicable, client company underwriters
- Demonstrated progress toward completion of ALU/LOMA education program would be an asset
- Demonstrated ability to work effectively with all levels within SCOR
- Ability to adapt to change routinely and support the goals of the underwriting unit and the company through teamwork
- PC literacy in Word Office products, Excel, and Underwriting systems
SCOR welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.
About SCOR
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.
Top Benefits
About the role
About SCOR: 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: The Senior Bilingual Underwriting Life and Critical Illness Insurance Underwriting Consultant is responsible for providing facultative underwriting services to clients on large cases and other cases as assigned, within time services standards defined by SGLA and agreed to with clients. May provide second signature review as needed.
Responsibilities:
- Apply sophisticated underwriting procedures to assess complex and/or large medical and financial risks for facultative clients, recognizing instances where deviations from guidelines are applicable
- Strong working knowledge of Life and Critical Illness Insurance products
- Interact with clients to secure specialized or supplementary information; develops alternative solutions when routine/usual methods do not work and provides excellent customer service through understanding, patience and innovation.
- Communicate with all levels of client's underwriters and other company management personnel, explaining the reasoning and theory which surrounds an underwriting impairment, problem and/or decision
- Keep up-to-date with current medical topics, current economics, geopolitical developments, and business environment as well as changing / new financial evaluation concepts and measures
- Function effectively and professionally within a team with little supervision
- Understand and effectively implement all SCOR retrocession schedules
- Ability to attend and participate in client liaison including external client audits, client visits and relationship management.
- Ability to provide case referral/co-sign abilities as needed
- Active participation in the insurance industry, for example being a member on a committee, attending conferences, writing white papers or presentations for clients or at various conferences
- Other duties as required including special projects
Desired Qualifications:
- Minimum of seven years of Underwriting experience with at least 4 years in a senior underwriting position including a high approval authority ($10 million per life minimum)
- A baccalaureate degree and/or relevant experience
- Excellent oral and written communication skills
- Self-motivated and autonomous
- Demonstrated successful track record working with field force and/or sales representatives and when applicable, client company underwriters
- Demonstrated progress toward completion of ALU/LOMA education program would be an asset
- Demonstrated ability to work effectively with all levels within SCOR
- Ability to adapt to change routinely and support the goals of the underwriting unit and the company through teamwork
- PC literacy in Word Office products, Excel, and Underwriting systems
SCOR welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.
About SCOR
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.