Job Description



As part of the GCAO team and within the P&C controlling and closing team, the position will be mainly focused on:

• Solvency 2 closing activities
  
  
  
  
  • Analyse the Solvency 2 position checks and follow the corrections with local closing teams
  
  
  • Participate in the elaboration of Solvency reportings (QRT, SFCR...)
  
  
  • Development of specific features of P&C finance tool (OMEGA)
  
  


• IFRS 17 closing activities
  
  
  
  
  • Coordinate closing activities with local closing team
  
  
  • Participate in the P&L/BS analysis
  
  
  • Become a point of reference for I17 financial statements analysis
  
  


• Development of tools to perform gap analysis between standards (mostly EBS vs IFRS 17)

The position will as well participate to the overall P&C technical closing process




Responsibilities



Within P&C central closing and controlling team, this position will be dedicated to reporting activities across closing GAAPs (IFRS4, EBS and IFRS17) working closely with underwriting and other finance teams.



Mains activities will be:



1/ Support and follow the computation of Solvency 2 Best Estimate and the associated reporting in collaboration with an other member of the team



The employee will be in particular in charge of:

• Check and analyse the Solvency 2 positions using the control tools in place


• Compute and improve specific Solvency 2 computation from dedicated process


• Prepare Quaterly Best Estimates presentation for their sign off


• Participate in the completion of the QRT and the completion of their audit trail in the filing system


• Ensure continuation of the Solvency 2 process chain to the consolidation tool


• Work on the Solvency 2 audit trail and documentation in preparation of the Solvency 2 audit (automation of reconciliation, dashboard construction...)


• Participate in the automation of manual processes in Omega (business requirement, testing...)

As the point of contact for other stakeholders outside the team, the person will have to monitor and support the work of other teams on EBS (Pillar 3, local closing teams...)



2/ Be in charge of IFRS 17 and Solvency 2 gap analysis :

• Develop tools to measure each steps moving from Solvency 2 figures to IFRS 17 ones


• Document the computation of each of these steps


• Develop and analyse coherence checks between the standards

3/ Become a point of reference for local and central closing teams regarding the understanding and analysis of the I17 financial statements (P&L, Balance sheet, Roll forward 1&2...)



4/ Participate to the closing activities accross all GAAPs (baseline, IFRS 17 and Solvency II) supporting other members of the team in:

• Be the main point of contact for local closing team


• Production of closing deliverables


• Participation to the implementation of controls already developped

5/ Participate to ad hoc projects or workstreams as needed




Qualifications




Experience:

• Minimum 5/6 years in a (re)insurance company's finance or technical department, or in a consulting / audit firm in the (re)insurance area


• Experience in P&C business

Personal competencies:

• Expertise in results'control and analysis/reporting


• Expertise in reinsurance business or retrocession would be appreciated


• Knowledge in IFRS17 and/or Solvency II environments


• Accounting skills would be appreciated

Soft skills:

• Curious


• Flexible


• Rigorous


• Proactive


• The candidate shall have strong capabilities to adapt himself / herself to a challenging and demanding environment


• Ability to work in a project mode

Digital competencies:

• Expertise with IT tools (Business objects / Excel, SAP, Foundry)


• Power point knowledge


• Some basic knowledge on VBA is a plus

About Us



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.