Job Opportunities in Brazil
September 11, 2024
SCOR
Rio de Janeiro
MGA Junior Underwriter
Job Summary
As an (re)insurance professional with experience in P&C Commercial Lines and/or Program Business, will be a key member of the Program Business Team contributing to strengthening the portfolio of the Program Business Unit by assisting in producing, underwriting, and managing programs with a focus on target business.
Responsible for supporting the production of new programs in accordance with the business plan of the Program Business Team as part of the corporate objectives of SCOR strategic plan.
Will be monitoring assigned programs, tracking, and analysing Key Performance Indexes (KPIs), ensuring profitability criteria are met. Will also ensure the overall activity of the MGA remains within compliance and as per our expected level of governance.
To assist this position in achieving your objectives, the role will benefit from dedicated support functions like Claims, Legal, Pricing, Modelling, as well as allocated resources from Finance, Technical Accounting, Reserving, Risk Management…
As a team player with effective communication and project management skills, will work with all these internal stakeholders to coordinate actions on the respective programs.
Overall, the person in this position is expected to assist coordinating underwriting and reporting activity with all relevant stake holders within Specialty Insurance Portfolio Underwriting and other various entities of the SCOR Global P&C Division.
Will also be contributing to onsite and/or desk audits, assessing organizational structures, operations, and underwriting performance of new business opportunities as well as existing programs.
Finally, as a part of this role, it is expected active promotion to the SCOR franchise through direct support to the Program Business Team initiative in conjunction with SCOR’s strategic plan through focused marketing actions and selective underwriting.
As an (re)insurance professional with experience in P&C Commercial Lines and/or Program Business, will be a key member of the Program Business Team contributing to strengthening the portfolio of the Program Business Unit by assisting in producing, underwriting, and managing programs with a focus on target business.
Responsible for supporting the production of new programs in accordance with the business plan of the Program Business Team as part of the corporate objectives of SCOR strategic plan.
Will be monitoring assigned programs, tracking, and analysing Key Performance Indexes (KPIs), ensuring profitability criteria are met. Will also ensure the overall activity of the MGA remains within compliance and as per our expected level of governance.
To assist this position in achieving your objectives, the role will benefit from dedicated support functions like Claims, Legal, Pricing, Modelling, as well as allocated resources from Finance, Technical Accounting, Reserving, Risk Management…
As a team player with effective communication and project management skills, will work with all these internal stakeholders to coordinate actions on the respective programs.
Overall, the person in this position is expected to assist coordinating underwriting and reporting activity with all relevant stake holders within Specialty Insurance Portfolio Underwriting and other various entities of the SCOR Global P&C Division.
Will also be contributing to onsite and/or desk audits, assessing organizational structures, operations, and underwriting performance of new business opportunities as well as existing programs.
Finally, as a part of this role, it is expected active promotion to the SCOR franchise through direct support to the Program Business Team initiative in conjunction with SCOR’s strategic plan through focused marketing actions and selective underwriting.
Key duties and responsibilities
Assistance with MGA and Program Business Underwriting
Assistance with MGA and Program Business Underwriting
-
Ongoing program business written
- Assist Operations in the reconciliation of in-force premium bordereaux with claims bordereaux and payment remittances to ensure the validity of claims ceded.
- Coordination with all appropriate support function teams involved in the management of these programs (underwriting, pricing, claims, legal, technical accounting, finance, reserving, risk management, Underwriting management)
- Perform underwriting audits
- Coordinate claims, Operations, Transactional, Pricing and Modelling audits as needed
- Provide quality, detailed and timely reports of ongoing performance of MGAs
-
In respect of new business opportunities, responsible to:
- Actively cooperate formulating business cases with appropriate structures and terms and conditions, to be submitted to Senior Management and Underwriting Management for approval.
- Cooperate with contract wording drafting and/or evaluation, in coordination with all appropriate SCOR Global P&C teams (underwriting, pricing, claims, legal, technical accounting, finance, reserving, risk management)
- Contribute to ad hoc due diligence teams for new deal evaluation and onboarding of new MGAs
- Contribute to the development and implementation of the SCOR Program business strategy under the leadership of the CUO
-
Collaborate with the Program Underwriters, on audits, referrals, new business Due Diligence and other tasks as may be needed through a “Lead and Deputy” system.
- Responsible to monitor performance through analysis of data produced by distinct MGAs (bordereaux), through the use of SCOR MGA platform Alpha, and ensure consistency with SCOR administrative systems (OMEGA, Salesforce…)
- Attend industry conventions to promote SCOR and develop business relationships
- Support origination efforts with existing market experience and relationships
- Track new and existing business activities in Salesforce
- Contribute to quarterly closing process and audits, both internal and external
- Adherence to all licensing and other legal and regulatory requirements
- Adherence to SCOR ERM principals and requirements
- Contribute with the production of SCORCards
Required experience & competencies
Experience:
Required Education
Required languages
Spanish - Level 4 - Can actively participate in meetings and group conversations. Can lead negotiations. Writes complex business letters and reports.
Portuguese - Level 5 - Can lead discussions and negotiations at the highest level. Writes complex reports. Rarely makes grammatical mistakes.
English - Level 5 - Can lead discussions and negotiations at the highest level. Writes complex reports. Rarely makes grammatical mistakes.
Experience:
- 5+ years of (re)insurance experience with focus on underwriting/portfolio management/processes. Experience in program business management highly desirable.
- Experience managing portfolio operations, handling audits (internal/external), managing technical accounting and bordereaux, dealing with regulatory and compliance requirements. Ability to identify point of improvement and propose solutions. Capacity to maintain strong communication with multiple teams.
- Superior account management skills,
- Strong business and financial acumen and underwriting expertise
- Excellent analytical and portfolio management skills
- Strong presentation skills with ability to bring resources together to achieve desired outcomes.
- Excellent verbal and written communication skills
- Must be proficient in Microsoft Word, Teams, Excel and Power Point
- Exceptional team player while capable of operating independently
- Able to work in teams and operate collaboratively in a matrix organization
- Self-motivated Project management skills an advantage
Required Education
- Actuarial, economical, statistical degree preferred Post-graduate degree and/or industry certification/designation a plus
Required languages
Spanish - Level 4 - Can actively participate in meetings and group conversations. Can lead negotiations. Writes complex business letters and reports.
Portuguese - Level 5 - Can lead discussions and negotiations at the highest level. Writes complex reports. Rarely makes grammatical mistakes.
English - Level 5 - Can lead discussions and negotiations at the highest level. Writes complex reports. Rarely makes grammatical mistakes.
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.
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.
Latest Job Opportunities
Similar Jobs
October 12, 2024
Netvagas
Profissional de mecânica junior rebocadores | vila do conde e belém | pa
Belém
View Details