Jobs.ca
Jobs.ca
Language
SCOR logo

Senior Portfolio Manager, TA&A, Retrocession

SCOR1 day ago
Hybrid
Toronto, ON
CA$87,309 - CA$106,711/year
Senior Level

Top Benefits

Health insurance coverage
Life and disability insurance
Retirement savings plan

About the role

The Senior 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. The Senior Portfolio manager is responsible for managing the administration of the more complex treaty/contracts, training team members and reviewing the work of Portfolio Managers during the quarterly close process.

  • 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 advices,

  • 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 seeks 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.

  • Review work of portfolio managers

  • Provide training to other team members as required.

  • Bachelor Degree/ completed commercial apprenticeship (ideally in re-/insurance company) or equivalent experience.

  • At least 6-10 years of experience in the industry (re-/insurance) accounting and underwriting assistance and/or controlling

  • 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

SCOR welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

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: $87,309-$106,711 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.

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.

About SCOR

Insurance
1001-5000

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.

Similar jobs you might like