VP, Reinsurance Contract Counsel

Job Summary

The role holder will be responsible for:

• Providing legal guidance and support re: any assigned P&C transactional and underwriting matters (including detailed contract wording review and editing and developing preferred SCOR P&C contract language) for the Americas, EMEA and, bandwidth permitting, other geographies as needed (with a focus on reinsurance and alternative solutions).
• Supporting product development and the entry into any new lines of business, notably by providing contractual support to P&C treaty and specialty underwriters (e.g., policy/contract wordings, program agreements/business, third-party administrator agreements, non-disclosure agreements, etc.). 
• Supporting the development of protocols and guidelines to be embedded into the P&C business unit to ensure there are institutional best practices.   
• Providing the required legal support and expertise to support the development and roll-out of the P&C sections of SCOR’s contract wording tool, in coordination with business wording experts, P&C leadership and the P&C Legal community.
• Providing support (as needed) to the Chief (and Deputy Chief) Claims Counsel re any claims/coverage related issues arising from drafting/wording issues and coordinating with P&C teams on lessons learned and their impact on contract wording going forward.
• Developing and conducting trainings to the underwriter community.
• Monitoring, understanding, analyzing, and proactively developing P&C’s contract wording responses to emerging (re)insurance issues and trends, requiring an awareness and understanding of global developments and trends.

The role holder will be commercial and pragmatic and will understand the impact of market conditions on treaty and direct (specialty) insurance activities, procedures and wordings, while being able to clearly and succinctly articulate issues to the underwriting community (and management), to evaluate the risks associated with the (re)insurance activities and to develop commercial risk mitigation options, while ensuring all operations are compliant with applicable regulatory requirements.

The role holder will be enthusiastic about supporting the activities of the P&C Business Unit globally and across all business activities and providing general support to the Legal and Compliance functions for P&C as time and experience permits.

The role holder will report directly to the P&C Americas Chief Legal Counsel and will also interact extensively with the P&C business unit’s Chief Legal Counsel and other P&C legal colleagues within the group.  

Key duties and responsibilities

• Providing timely, succinct, practical and commercial advice across all topics – as P&C’s business grows in other regions, the role holder will be expected to provide support in coordination with peers and local councils, time permitting.
• Provide wording and contracting support and guidance to the Americas and EMEA’s P&C Treaty, Alternative Solutions (working with the dedicated Alternative Solutions (EMEA based) counsel) and Single Risk Underwriting Teams. Support the development of lessons learned and implementation of a process to capture and respond to wordings issues.
• Support the development, population, and maintenance of the P&C elements of SCOR’s contract wording tool to be built-out in 2024 and 2025. 
• This role is made for somebody with strong (re)insurance contract wording skills and experience and who is capable of operating autonomously, with guidance from their peers, and is excited about working directly with the business and driving legal issues to completion.
• Some prior relevant experience is required, but a capability to develop new skills, self-teach, learn and grow with the business will make the role holder successful in the long-term.
• A proven self-starter who takes the initiative and can act independently when needed and make their own decisions, while keeping relevant stakeholders advised and involved and operating within internal governance requirements and guidelines.
• The ability to swiftly identify and analyze issues, proposals and to roll out relevant solutions after appropriate approvals.
• Strong written and oral communication skills, the ability to determine how and when to develop/sustain a message and/or an idea and the ability to deploy the right tools to present information.
• An ability to promptly make decisions and/or to roll out decisions, reflecting all available information and appropriate risk assessments.
• An understanding of the P&C business drivers and the ability to identify and raise critical issues/points when needed; a willingness to “own” and to swiftly correct (if needed) their decisions; and, accepting and act