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SCOR

Junior MGA Operations Analyst

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The role supports pre-bind due diligence, post bind operational oversight through ongoing audit and corresponding monitoring activities.

Key duties and responsibilities

The Junior MGA Operations Analyst is to act as a key member of the SCOR MGA Operations team working in a fast-paced environment that encourages new ideas and a fresh way of thinking. Responsibilities include roles for the organisation:

SCOR and Syndicate Delegated Authority:

  • Support completion and submission of statutory and/or regulatory reports and advance automation.
  • Administration of the due diligence process for selected classes of business including new Coverholder sponsorship, annual due diligence review and approval (including all third parties),
  • Actively involved in ongoing operationa tasks and services from MGAs or Coverholders and TPAs
  • Liaising with underwriters, transversal functions, outsourcers and associated stakeholders,
  • Participation in internal/external forums as required,
  • Assist in coordinating Third Party audits, from scope definition to completion of audits.
  • Third Party Audit report review and management of recommendations,
  • Support of the data management function and reporting of identified gaps,
  • Management of the income/EGPI review process including distribution of reports, communicating with underwriters and credit control monitoring,
  • Provide support to other members of the team as required,
  • Identify opportunities for improvements in cost savings and efficiency across the processes,
  • Generate reporting to support the management of the departmental activities,
  • Ensure compliance to Delegated Authority policy and internal controls,

  • Other ad hoc tasks as required to support the portfolio

  • Change and Operational Improvements
  • Contribute to defining data and risk assessment guidance related standards across SCOR.
  • Support cross company collaboration through targeted workshops, status briefs and informal updates.
  • Committees and Memberships:
  • Contributor to SCOR Syndicate Conduct Risk Product Oversight Committee and Delegated Underwriting Committees.

Required experience & competencies

  • Excellent quantative and qualitative skills

  • Strong attention to detail

  • Good communication skills - being able to articulate technical matters into actionable tasks

  • Strong analytical and problem-solving approach

  • Project and time management skills required. Ability to multitask and self-organise

  • Experience with continuous improvement methods

Desired

  • Understanding of the delegated business environment and the insurance market preferred.

  • Minimum of a couple of years working in a similar role such as strategy consulting, M&A, risk assessment, audit, risk and controls or as a risk analyst

Required Education

Bachelor's Degree in Business related discipline