What are the responsibilities and job description for the Reinsurance Technical Accountant position at SCOR?
Job Description
The Portfolio Manager oversees the administration of insurance and / or reinsurance accounts and contracts, from establishing and maintaining contractual data, processing the insurance and / or reinsurance account bookings, claims handling and manage the related cash flow. He / she also supports the underwriters in administrative activities related to the underwriting process. The position will assist the Team Leader in performing the validation of the Quarterly operations, calculation and input of manual entries, sending accounts, analysis of retrocession results and compliance with ICS processes (Internal System Controls).
Responsibilities
- Responsible for entries (treaties and / or facultative) in the Accounting and Underwriting system / platforms and all further modifications
- Enter T&C (Terms and Conditions) into the accounting system with accuracy.
- Check contractual T&C (Terms and Conditions), submit them to Underwriters for signature and draw their attention in case of ambiguities or changes,
- Check and process of accounts and claims advices,
- Clarify discrepancies of accounts and claims with underwriters / claim experts / cedents / brokers
- Manage independently his / her own portfolio with medium to complex accounts and solves complex problems or problems where precedent may not exist.
- Provide guidance acting as a coach / mentor to juniors.
- Fosters knowledge sharing with other colleagues to reach solutions.
- Manage cashflow including setting-up of client bank accounts in the accounting system, processing of outgoing / incoming payments and follow up on pending payments and open balances,
- Perform ICS controls (Internal Control System) according to relevant guidelines and pro-actively support Underwriters in the performance of these controls,
- Monitor client accounts / statistics by using internal reports, perform data analysis and support Stakeholders with reports and statistics,
- Ensure compliance with sanctions and embargos by scanning respective lists and forward to Underwriter / Legal for further investigation if needed,
- Ensure completeness and proper filing of underwriting, accounting and claims documentation DMS (Document Management System)
- Maintain good communication with clients by attending internal and external meetings and workshops as required.
- Be accountable for internal and external audit purposes.
Qualifications
Hybrid Work Policy : SCOR is committed to an "in-office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still 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 New York : $95,000-$115,000 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."
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.
Salary : $95,000 - $115,000
