Job Summary This role is responsible for:
• Analysing and validating Client data and managing the administration reporting process within deadlines
• Managing of reinsurance claim and premium accounts in accordance with Treaty Agreements to ensure timely and accurate recoveries and payments
• Liaison with Clients to ensure complete and accurate data reporting and the timely resolution of issues
• Liaison with our internal stakeholders ensuring accurate and timely internal reporting; and
• Supporting the finance function with the financial close process Key duties and responsibilities Main Scope
• Responsibility for administration and performance of all existing treaties, including:
• Management of the recovery and settlement of Client accounts
• Management of client bordereaux process, including monitoring, analysis and capturing data into the SCOR administration and Group reporting systems
• Being part of the ANZ team responsible for modernisation of Bordereaux Process Administration, liaising with Group stakeholders in Singapore and Europe.
• Proactively analysing Client data to identify data issues related to accuracy and completeness
• Management of the process for capturing single large exposures for retrocession purposes for retail business
• Ensuring compliance with SCOR guidelines Act as a point-of-contact for all client reinsurance administration, including:
• identifying and resolving issues with the performance of the treaties
• responding to client queries and information requests
• support with associated technical accounting preparation
• supporting with forecasting of cash flows
• Responsible for supporting internal teams in relation to the implementation of new reinsurance treaties, including setting up appropriate mapping in the systems
• Identification of areas where the performance of the business could be enhanced and optimised including maintaining key focus areas such as settlement trends and co-ordinating cross-functional engagement on large claims.
• Support in the preparation of management and financial information (where appropriate) Relationships
• Support the development and management of strong relationships with our clients (including retrocession partners), to jointly optimise the relationship/performance.
• Work alongside and support the Head of Inforce Management, Head of Claims and the CFO in the production of key management and financial information.
• Maintain strong interaction with other team members (valuation team, pricing team, marketing team, claim teams and Singapore Hub) to ensure the smooth operation of the business. Required experience & competencies Essential
• Minimum 5 years of relevant working experience, ideally in a financial services business
• Ability to understand and analyse financial data
• Experience of Microsoft Outlook, EXCEL, Word
• Experience in extracting from database systems / platforms through coding language an advantage Desirable
• Working experience in the insurance or reinsurance industry
• Commercial business sense and experience
• Exposure to the management of client relationships
• Experience of accounting software (e.g. SAP, PeopleSoft)
• Experience of database systems (e.g. SQL Server, Foundry) Personal Competences Essential
• Self-starter with initiative, pace, drive and commercial nous
• Positive technical background/numeracy skills in terms of analysis of financial data
• Excellent organisational skills
• Ability to work as a team player
• Ability to act as an external ambassador and advocate for the business in the local market/community e.g. with client contacts
• Flexible, “can do” attitude with an interest in gaining broader business and commercial experience
📌 Reinsurance Analyst (Sydney)
🏢 SCOR
📍 Sydney