AVP, TA&A Manager - SCOR Business Solutions (SBS)
Top Benefits
About the role
About SCOR: 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.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
Job Summary: The role will cover management of team that supports end to end processing of the SCOR Business Solutions business. This incorporates contract intake, technical accounting, claims handling and cash management of the reinsurance assumed business. Ensure that the team is following the company's established policies and guideline consistently. Responsible for providing technical guidance and support on complex issues and transactions. Collaboration and engagement with cross functional stakeholders across underwriting, claims, finance etc. Process control monitoring while ensuring compliance with GAAP and other relevant regulations. Ensuring continued team development while supporting organizational vision will be key.
Responsibilities:
- Reviewing financial statements and reports prepared by the team to ensure that they are accurate and in compliance with company policies and relevant regulations
- Providing technical guidance and support to the team on complex policies and accounting issues and any other relevant transactions
- Overseeing the team's work to ensure that end to end policies/accounting policies and procedures are being followed consistently
- Managing the team of accounting and administrative professionals, including setting goals and objectives, providing feedback and coaching, evaluating performance, supporting team development
- Overseeing the cash management process for the North America offices, including monitoring cash balances and forecasting cash needs
- Collaborating with other departments to ensure that cash management aligns with the overall goals and objectives of the organization
- Reviewing and approving transactions to ensure that they are in compliance with relevant sanctions and embargoes
- Overseeing quarterly close process and relevant control compliance to ensure accurate reporting's
- Provide insight and testing of new software/system for system automation
Desired Qualifications:
- At least six years' experience in insurance/reinsurance industry in the technical accounting & administration operations.
- Commercial education in the financial services industry, preferably in insurance and/or reinsurance
- College degree in Financial and / or accounting education or equivalent work experience
- Organizational skills: The candidate should have strong organizational skills and be able to manage their team and workload effectively.
- Communication skills: The candidate should have excellent communication skills, both verbal and written, and be able to effectively communicate accounting concepts and ideas to team members and stakeholders.
- Attention to detail: The candidate should have a high level of attention to detail and be able to accurately review financial statements and reports to ensure their accuracy and compliance
- Leadership: As the head of the team, the candidate should have strong leadership skills and be able to motivate and guide their team towards achieving their goals.
- Problem-solving skills: The candidate should have strong problem-solving skills and be able to identify and address accounting issues and challenges as they arise.
- Interpersonal skills: The candidate should have strong interpersonal skills and be able to work effectively with team members and stakeholders at all levels of the organization.
Relocation assistance within the U.S. is available for this position.
Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.
At SCOR, we CARE about clients, people, and societies, and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical, financial, and emotional well-being of the people who make our company successful - you.
Benefits We Offer
- Medical, vision, and dental coverage
- 401(k) Plan with a competitive match
- Company-funded Defined Contribution Retirement Program
- Life and AD&D insurance
- Long- and Short-Term Disability
- Flexible Parental Leave
- Unlimited Sick Days
- Volunteer Time
- Summer Fridays
- Learning & Development Resources
- Personal Wellness Tools and Rewards
- Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios
- And More!
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 IL: $105,000-$145,000 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 SCOR
SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health as well as in P&C.
The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable.
The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe.
One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft.
Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.
AVP, TA&A Manager - SCOR Business Solutions (SBS)
Top Benefits
About the role
About SCOR: 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.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
Job Summary: The role will cover management of team that supports end to end processing of the SCOR Business Solutions business. This incorporates contract intake, technical accounting, claims handling and cash management of the reinsurance assumed business. Ensure that the team is following the company's established policies and guideline consistently. Responsible for providing technical guidance and support on complex issues and transactions. Collaboration and engagement with cross functional stakeholders across underwriting, claims, finance etc. Process control monitoring while ensuring compliance with GAAP and other relevant regulations. Ensuring continued team development while supporting organizational vision will be key.
Responsibilities:
- Reviewing financial statements and reports prepared by the team to ensure that they are accurate and in compliance with company policies and relevant regulations
- Providing technical guidance and support to the team on complex policies and accounting issues and any other relevant transactions
- Overseeing the team's work to ensure that end to end policies/accounting policies and procedures are being followed consistently
- Managing the team of accounting and administrative professionals, including setting goals and objectives, providing feedback and coaching, evaluating performance, supporting team development
- Overseeing the cash management process for the North America offices, including monitoring cash balances and forecasting cash needs
- Collaborating with other departments to ensure that cash management aligns with the overall goals and objectives of the organization
- Reviewing and approving transactions to ensure that they are in compliance with relevant sanctions and embargoes
- Overseeing quarterly close process and relevant control compliance to ensure accurate reporting's
- Provide insight and testing of new software/system for system automation
Desired Qualifications:
- At least six years' experience in insurance/reinsurance industry in the technical accounting & administration operations.
- Commercial education in the financial services industry, preferably in insurance and/or reinsurance
- College degree in Financial and / or accounting education or equivalent work experience
- Organizational skills: The candidate should have strong organizational skills and be able to manage their team and workload effectively.
- Communication skills: The candidate should have excellent communication skills, both verbal and written, and be able to effectively communicate accounting concepts and ideas to team members and stakeholders.
- Attention to detail: The candidate should have a high level of attention to detail and be able to accurately review financial statements and reports to ensure their accuracy and compliance
- Leadership: As the head of the team, the candidate should have strong leadership skills and be able to motivate and guide their team towards achieving their goals.
- Problem-solving skills: The candidate should have strong problem-solving skills and be able to identify and address accounting issues and challenges as they arise.
- Interpersonal skills: The candidate should have strong interpersonal skills and be able to work effectively with team members and stakeholders at all levels of the organization.
Relocation assistance within the U.S. is available for this position.
Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.
At SCOR, we CARE about clients, people, and societies, and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical, financial, and emotional well-being of the people who make our company successful - you.
Benefits We Offer
- Medical, vision, and dental coverage
- 401(k) Plan with a competitive match
- Company-funded Defined Contribution Retirement Program
- Life and AD&D insurance
- Long- and Short-Term Disability
- Flexible Parental Leave
- Unlimited Sick Days
- Volunteer Time
- Summer Fridays
- Learning & Development Resources
- Personal Wellness Tools and Rewards
- Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios
- And More!
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 IL: $105,000-$145,000 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 SCOR
SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health as well as in P&C.
The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable.
The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe.
One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft.
Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.