Job DescriptionThe Portfolio Manager Operations 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.
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 advice,
- Clarify discrepancies of accounts and claims with underwriters/ claim experts/ cedents/brokers
- Manage independently his/her own portfolio of accounts
- Resolve problems following prescribed guidelines or procedures
- Proactively seek advice for new issues and suggest 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- At least 2 years of experience in the industry (re-/insurance) accounting and underwriting assistance and/or controlling
- Bachelor's Degree / completed commercial apprenticeship (ideally in re-/insurance company) or equivalent experience.
- Advanced MS Office skills (focus on MS Excel, Power Query)
- Business Object skills beneficial
- Power Bi, Tableau, skills beneficial
- Good insurance and reinsurance knowledge and eagerness to deepen expertise.
- Advanced analytical skills and accuracy
- Advanced communication and team collaboration skills with both internal and external stakeholders and team members
- Sense of reliability and responsibility
- Self-motivation, flexibility and adaptability to changes
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 Toronto: 77,000-$94,000 CAD 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.
