Junior Internal Retrocession

Job description

The role of Junior Internal Retrocession will be an integral part of the Capital Management team at SCOR, focusing primarily on internal retrocession. The role involves a deep understanding of pricing, contract management, and requires to build and maintain strong connections with other Finance, Risk and Business teams.

Required experience & competencies

Essential

·  Up to 2/3 years in finance or pricing department of a reinsurance / insurance company or in an audit firm, preferably in the reinsurance / insurance industry
·  Very good communication skills, including ability to communicate with senior management: good listening skills and communicates clearly and concisely verbally and in writing.
·  Team player, collaborative spirit, comfortable in agile working mode
·  Excellent Analytical and Synthesis skills.
·  Strong command of IT tools including Word, Excel and PowerPoint and ability to learn new tools quickly.

Personal Competencies

·  Conscientious, curious and enthusiastic.
·  Well organized, efficient and autonomous.
·  Analytical and thorough.
·  Flexible and reactive in order to respond to a constantly evolving environment.
·  Ability to develop solid network across the entire company. 

Required Education 

·  Engineering degree, Actuarial degree or Master degree (equivalent or above) in Finance/Audit/Controlling/Business.

Key duties and responsibilities:

Internal Retrocession: Oversee and manage internal retrocession processes to ensure efficiency and alignment with company objectives and the financial strategy of SCOR.

Most of the work will be on P&C topics.  However, the position may also include involvement in general capital management activities, Life internal retro topics or special projects.  

Main responsibilities will be: 

Retrocession:

·  Pricing Analysis : 
·  Evaluate and set optimal pricing strategies for different internal retrocession contracts, ensuring consistency with SCOR pricing models, assumptions and methods.
·  Deliver detailed analyses backing the proposed prices, ensuring stakeholders have a clear understanding of the rationale and value proposition.
·  Develop and use knowledge of Group structure to adapt recommendations to local context (regulatory, business development, etc.) and local acceptability. 
·  Build relationships with local management, and provide advice and support to local entities.
·  Contract Management : Handle the retrocession contractual side of retrocession, ensuring that contracts are accurate, compliant, and up-to-date.
·  Stakeholder relationship : Collaborate with accounting teams to ensure seamless integration of retrocession data into financial and Risks systems.
·  Reporting : Prepare and present regular reports on retrocession performance, pricing strategies, and contract management.
·  Continuous Improvement : Seek ongoing opportunities for optimizing processes in internal retrocession and associated functions.

internal retro – P&C Internal retro renewals and optimisations

Projects 

·  Where Capital & Liquidity Management is leading:
·  Help to drive stakeholders’ involvement and delivery of outputs, coordinate and/or keep them informed through appropriate channels and tools (meetings, presentations, etc.).
·  Projects sponsored by other teams:

Provide support to the projects for Capital & Liquidity topics and ensure that finance/capital management is kept informed and involved in decisions in the project.