The Portfolio Managers oversee the administration of reinsurance accounts and contracts from establishing and maintaining contractual data, processing the reinsurance accounts and manage the related cash flow. They support the underwriters in all administrative activities related to the underwriting process.
ResponsibilitiesResponsible for entries (treaties and/or facultative) in OMEGA and all further modificationsCheck contractual documents, submit them to Underwriters for signature and draw their attention in case of ambiguities or changesCheck and process ofreinsurance accounts and claims advices (OMEGA)Clarify discrepancies of reinsurance accounts with underwriters/cedents/brokersManage cashflow incl. the processing of outgoing/incoming payments and the follow up on pending payments and open balancesPerform ICS controls (Internal Control System) according to relevant guidelines, where needed, pro-actively support Underwriters in the performance of these controlsMonitor client accounts / statistics by using internal reports (Business Objects) and perform own data analysisSupport Underwriters with tailored reports and statistics (Business Objects)Ensure compliance with sanctions and embargos by scanning respective lists (Bridger) and forward to Underwriter for further investigation if neededEnsure completeness and proper filing of underwriting and accounting documentation (DMS) as well as physical archiving, where electronical signature is legally not permitted.Attend meeting / workshops with clients (internal/external) if required by the underwriterQuarterly adjustments of EGPI and Loss Ratio according to Underwriters' instruction (OMEGA)You will contribute during the quarterly closings to the pre-inventory tasks (analysis of the estimated vs booked premium, of the loss ratio, cash calls, and services entries) while managing priorities.You will participate to different projects that have an impact on the department (test sessions, process and system review workshop).You collaborate regularly in a cross-functional manner with others departments depending on the subjects that impacts the lifecycle of a contract (underwriting, claim experts, closing).QualificationsMinimum 3 years of significant working experience in (re-/insurance) accounting and underwriting assistance and/or controllingAdvanced MS Office skillsAdvanced analytical skills and accuracyAdvanced communication and team collaboration skillsAbout Us SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.
In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.
At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.
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