Senior Operations Portfolio Manager

Job description

The Portfolio Manager will oversee the Alternative Solutions and MGA administration of reinsurance and insurance accounts and contracts. The Portfolio Manager will be responsible for establishing and maintaining contractual data, processing the reinsurance accounts and manage the related cash flow as well as support the underwriters in all administrative activities related to the underwriting process. 

·  Multi-year working experience in (re-/insurance) accounting and underwriting assistance and/or controlling.
·  Working experience on Alternative Risk Transfer.
·  Ability to manage a team.
·  Advanced MS Office skills.
·  Eagerness to deepen expertise.
·  Advanced analytical skills and accuracy.
·  Advanced communication and team collaboration skills.
·  Sense of reliability and responsibility.
·  International minded.
·  College degree in Finance or equivalent discipline.

 

“In compliance with local law, we are disclosing the compensation, or range thereof, for roles that will be performed in New York. 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.  Pay Range: $95,000 - $140k salary per year.  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.”

·  Focus of the role is the Alternative Risk Transfer Portfolio and MGA.
·  Responsible for entries (treaties and/or facultative) in OMEGA and all further modifications.
·  Check contractual documents, submit them to Underwriters for signature and draw their attention in case of ambiguities or changes.
·  Check and process reinsurance accounts and claims advice (OMEGA).
·  Clarify discrepancies of reinsurance accounts with underwriters/cedents/brokers.
·  Manage cashflow including the processing of outgoing/incoming payments as well as the follow up of pending payments and open balances.
·  Perform ICS controls (Internal Control System) according to relevant guidelines, where needed, pro-actively support Underwriters in the performance of these controls.
·  Monitor client accounts/statistics by using internal reports (Business Objects) and perform own data analysis.
·  Support Underwriters with tailored reports and statistics (Business Objects).
·  Ensure compliance with sanctions and embargos by scanning respective lists (Bridger) and forward to Underwriter for further investigation if needed.
·  Ensure completeness and proper filing of underwriting and accounting documentation in DMS (Document Management System) as well as physical archiving, where electronical signature is legally not permitted.
·  Attend meeting / workshops with clients (internal/external) if required by the underwriter.
·  Quarterly adjustments of EGPI and Loss Ratio according to Underwriters’ instruction (OMEGA)
·  Responsible for preparing and/or assisting in the preparation of the Annual Statement Assumed Schedule F.