Reserving & Technical Closing Solutions Analyst

Job title:

Reserving & Technical Closing Solutions Analyst

Company:

SCOR

Job description

Job Description:The Reserving & Technical Closing Solutions Analyst will work on Group, Property & Casualty and Life & Health solutions around three key domains of the closing chain:

• Cashflows integration
• CSM calculation engine
• Technical closing (accounting subledger)

The analyst contributes to the full life cycle of Reserving and Technical closing processes, which includes large projects, BAU/maintenance activities. The team supports Finance worldwide for both Group and local scope/GAAPs.In this context, the business analyst will have a key role on defining and building solutions on a Finance perimeter which was highly impacted by IFRS17 by:

• providing a high-level of expertise on solutions for both Reserving and Closing activities;
• and your technical know-how on market solutions and best-practices.

As the primary point of contact for business on their target evolutions, you will be their main support to address any regulatory or business requirements definition while keeping a critical eye on the functional coherence (IFRS17 stabilization, Reserving & Technical Closing chain optimization, Digital Closing). You will ensure the proper implementation of all functional evolutions in our systems, coordinating all stakeholders (Business, IT, external providers) with a quality delivery orientated mindset, respecting budget, milestones, and planning.Responsibilities:Under the supervision of Head of Financial Closing Solutions, you will be responsible for:

• Contributing to the design of target Reserving & Technical Closing solutions including the upgrade/enhancements of SCOR’s core technical closing solution by providing their expertise on market standards and ensuring consistency of business requirement definition.
• Ensuring global consistency between CSM/Estimates/Technical Closing solutions & associated functionalities, as well as the cross-functionality of solutions, notably between L&H and P&C chains.
• Conducting in-depth research and thinking critically about how to solve business pain points, with a problem-solving mindset.
• Coordinating solutions’ agile implementation through tracking and reporting of project progress, supporting IT & Business teams.
• Supporting the implementation of decision-making processes and documentation for maintenance and auditability purposes (e.g., training materials, functional design, user guides, process reviews, closing calendars).
• Managing business testing through testing strategy definition, coordination and ensuring its proper execution (sometimes ahead of business testers).
• Performing regular quality control testing (Non-Regression Tests) to ensure the accuracy and reliability of the existing systems.
• Answering BAU-related questions from end-users and providing useful technical support on Reserving & Technical Closing solutions.
• Keeping a good knowledge of best-in-class market solutions and functionalities and their transcription in the SCOR environment

Qualifications:Required experience & competencies

• Experience as Finance Business Analyst on Reserving and/or Technical Closing Solutions for a (re)insurance company
• Experience contributing to large Finance transformation projects, ideally for (re)insurers (e.g., design, coordination, implementation, testing).
• Extensive experience working on the closing process and generating meaningful insights.
• Analytical and detail-oriented mindset.
• Ability to work in an agile mode (incl. contributing to sprint planning, using Gantt charts, managing a backlog) would be appreciated.
• Business production experience (Reserving and/or Technical Closing) in a (re)insurance company would be appreciated.
• Market knowledge of existing actuarial solutions (reserving, estimates) would be a differentiator.
• Excellent English and French required (reports / discussions in both languages).

Effective written and oral communication skills, ability to communicate with all stakeholders and team members, regardless of seniority and department.Required Education

• Master’s degree (Bac+5) from an engineering school, business school, or university or equivalent.
• Ongoing/Obtained Actuarial Certification (e.g. IA, CEA, SOA) or accounting certification (Chartered Accountant would be a valuable asset).

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.

Expected salary

Location

Paris

Job date

Fri, 26 Jul 2024 05:20:00 GMT

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