The role supports pre-bind due diligence, post bind operational oversight through ongoing audit and corresponding monitoring activities.
Key duties and responsibilities
The Junior MGA Operations Analyst is to act as a key member of the SCOR MGA Operations team working in a fast-paced environment that encourages new ideas and a fresh way of thinking. Responsibilities include roles for the organisation:
SCOR and Syndicate Delegated Authority:
- Support completion and submission of statutory and/or regulatory reports and advance automation.
- Administration of the due diligence process for selected classes of business including new Coverholder sponsorship, annual due diligence review and approval (including all third parties),
- Actively involved in ongoing operationa tasks and services from MGAs or Coverholders and TPAs
- Liaising with underwriters, transversal functions, outsourcers and associated stakeholders,
- Participation in internal/external forums as required,
- Assist in coordinating Third Party audits, from scope definition to completion of audits.
- Third Party Audit report review and management of recommendations,
- Support of the data management function and reporting of identified gaps,
- Management of the income/EGPI review process including distribution of reports, communicating with underwriters and credit control monitoring,
- Provide support to other members of the team as required,
- Identify opportunities for improvements in cost savings and efficiency across the processes,
- Generate reporting to support the management of the departmental activities,
- Ensure compliance to Delegated Authority policy and internal controls,
Other ad hoc tasks as required to support the portfolio
- Change and Operational Improvements
- Contribute to defining data and risk assessment guidance related standards across SCOR.
- Support cross company collaboration through targeted workshops, status briefs and informal updates.
- Committees and Memberships:
- Contributor to SCOR Syndicate Conduct Risk Product Oversight Committee and Delegated Underwriting Committees.
Required experience & competencies
Excellent quantative and qualitative skills
Strong attention to detail
Good communication skills - being able to articulate technical matters into actionable tasks
Strong analytical and problem-solving approach
Project and time management skills required. Ability to multitask and self-organise
Experience with continuous improvement methods
Desired
Understanding of the delegated business environment and the insurance market preferred.
Minimum of a couple of years working in a similar role such as strategy consulting, M&A, risk assessment, audit, risk and controls or as a risk analyst
Required Education
Bachelor's Degree in Business related discipline
About UsAs 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.
SCOR London, England Office
31 Lime Street, London, England, United Kingdom
