Job Category: Underwriting / SalesJob Description:SCOR SE Beijing Branch operates as an onshore reinsurer in China, managing an annual P&C portfolio of approximately EUR 450 million across a wide range of business lines and serving more than 30 ceding clients nationwide. Positioned as a leading global reinsurer with strong technical capabilities, SCOR focuses on delivering innovative, cutting-edge risk solutions while expanding and diversifying its portfolio profitably. The Beijing Branch plays a central role as the primary interface for SCOR's China business, engaging externally with cedants, brokers, industry bodies, and technical partners, and working internally with cross-functional teams such as the CUO office, Specialty Lines, Alternative Solutions, pricing actuaries, CAT modelers, and innovation teams.We are looking for a Treaty Underwriter to play a key role in leading technical underwriting, driving client-facing market activities, and coordinating business support for assigned P&C treaty clients in mainland China. Based in Beijing and reporting to the Head of P&C China, the jobholder must be fluent in both English and Mandarin and is expected to actively implement underwriting strategies while fostering long-term, reliable client partnerships, an essential element of SCOR's business strategy both locally and globally.Responsibilities:Key duties and responsibilitiesAs a Treaty Underwriter, you are responsible for the P&C Treaty portfolio of your assigned clients.Your goal is to achieve the profitability target of the assigned P&C treaty portfolio (mainly Shenzhen and selected provincial-based ceding clients) in adherence to SCOR's UW Plan, underwriting guidelines, and best practices, while respecting internal processes (including underwriting, pricing, and CAT modelling) and risk appetite. This involves actively steering the portfolio in line with the primary insurance and reinsurance market environment.You will also work closely with underwriters and specialists from Specialty Lines, coordinating stakeholder interests to provide your assigned clients with a holistic offering of SCOR's technical services and capabilities.P&C Treaty Underwriting:
P&C treaty underwriting as per guidelines and ICS procedures (incl. quarterly portfolio reviewing).
Special Acceptances reviewing of assigned treaty programs upon necessary.
Analysis and management of assigned treaty programs: incl. cat exposure monitoring, portfolio profile analysis, pricing & modelling (in conjunction with actuaries and with modelers) activity, identify critical issues and discussing with clients / brokers to resolve and monitor the matter.
UW Plan's execution in all its dimensions (including new clients / other line of business / deals, underwriting reviews, SCOR P&C internal initiatives & projects);
Quality control on underwriting and data maintenance including claims and exposure data entered in Omega, Pacman, and other tools as per SCOR P&C procedures.
Follow up the handling / reserving of large claims in close coordination with claims department.
Support to implement P&C business initiatives launched in China, incl. RUP, VOC, etc.
Client-facing activities:
Actively interface with clients to coordinates & participates various underwriting / marketing activities (incl. specialty lines visitors from overseas office) and special projects for SCOR Beijing office.
Maintaining a high level of technical and commercial relationships with various stakeholders (incl. brokers), to identify prospects (needs and opportunities) and generate new offers through pro-active marketing.
Negotiates terms on request and within the relevant guidelines for all new and renewal business with cedants and brokers, incl. being able to discuss complex technical matters with a mindset of a solution provider.
To increase and enhance the weight of lead / private / innovative deals with assigned markets.
To improve and update information on client's files via internal platforms, e.g. Salesforce;
Underwriting Plan:
Actively support Head of P&C in China with the preparation and execution of the underwriting plan both market and client aspects, coordinating with all internal stakeholders for corresponding resources and actions plan.
Supporting Head of P&C in China:
As a discussion and research partner in identifying new stream of opportunities and critical issues.
Promote new initiatives (e.g. new product development) and support the research work where needed.
Qualifications:Required experience & competenciesAround 5-10 years of industrial footprint, i.e. (re)insurance UW experience as Property and/or Engineering underwriter in China, together with technical skills of:
Strong analytical abilities & has technical expertise to discuss P&C underwriting issues, Risk assessment, Risk Engineering & Control and Pricing with underwriters of cedants, as well handle Special Acceptances.
Experienced in handling business negotiations.
Profound understanding of the drivers of profitability and financial concepts of insurance / reinsurance
Client-centric focus and strong sales attitude, creativity and drive to get things done.
Possess marketing skills and an ability to generate ideas for improvement, take advantage of opportunities, suggests innovations.
Pro-active person with excellent communication skills in English and Mandarin
Ability to navigate and succeed in a complex matrix organization internally and to build a strong network internally with all relevant stakeholders as well as strong client and broker relationships externally
Strong entrepreneurial spirit and commercial acumen
Team spirit to work for and to contribute to China P&C team's overall performance and success.
Willingness to travel
About Us: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.
