Portfolio Risk Operations Lead - Syndicate

The role holder is to act as a key member of the SCOR Delegated Operations management team working in a fast-paced environment that encourages new ideas and a fresh way of thinking.

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.

Responsibilities

• Ensure smooth assessment and onboarding of new and renewal binders
• Assess strengths and weaknesses of partner relationships, driving out recommendations during the due diligence process or for the audit cycle
• Support regulatory compliance (both reporting and process related)
• Identify and implement changes to improve service availability, effectiveness and cost

SCOR Company or Syndicate Delegated Authority:

- Responsible for operational relationships with Coverholders or MGAs.
- Management of due diligence process and administration of all classes for corresponding coverholders/for MGAs or TPAs. Including but not limited to, new Coverholder sponsorship, annual due diligence review and approval (including all third parties),
- Foster internal collaboration and alignment between functional departments.
- Liaising and providing guidance to underwriters, transversal functions and stakeholders,
- Assisting and implementing regulatory directives,
- Oversight and control of internal/external business associated forums and actions,
- Management of outsourcing arrangements and monthly performance against SLA's,
- Review third - party audit recommendations and resolution of identified actions,
- Ensure data quality meets SCOR standards and rectify where gaps identified,
- Oversight of income or EGPI reviews, updates; results and reporting requirements of the credit control function, and outward contracts reporting needs.
- Management and support of all Delegated Authority team members as required,
- Identify opportunities for improvements in cost savings and efficiency across the processes,
- Oversight of statutory, regulatory and non-regulatory reporting, including requirements and report development.
- Ensure delegated systems including Alpha, SalesForce, Vipr and the HUB remain fit for purpose,
- Contribute to COEs by creating and maintaining policies, programs and procedures to ensure it meeds business needs. If applicable, as COE lead responsible for strategic direction of COEs.
- Other management ad hoc tasks as required.

Change and Operational Improvements

- Champion in identifying, executing and communicating improvements to the operating model (technology and process).
- Lead and Define data and risk assessment guidance related standards across SCOR.
- Support cross company collaboration through targeted workshops, status briefs and informal updates.
- Manage monthly or quarterly internal controls while implementing process efficiencies where possible

Committees and Memberships:
- Member of portfolio risk management team or SCOR Syndicate Conduct Risk Product Oversight Committee and Delegated Underwriting Committees.

Experience & competencies

• Strong P&C industry knowledge, with a demonstrable understanding of the underwriting process, underwriting file management, and overall insurance company operations.
• Experience in designing and evaluating controls
• Insurance Related or DUA experience (couple of years)

Education

• College/University degree required, bachelor's degree, or equivalence