Senior Associate, Finance

Job Summary

There will be an emphasis on gathering information related to all aspects of the business: the position will interact with various departments: technical closing, actuarial, claims, technical accounting, underwriting, legal, etc. Focus will be on assisting with the analysis of the technical landing of the books, including all associated metrics under IFRS 17 and US STAT. Additionally, the role will require analysis and optimization of business flows in order to ensure maximum operating efficiency for the company and its legal structure.

The ideal candidate will be detail-oriented, proactive, and eager to contribute to the financial operations of the company.  They will have a high sense of teamwork and work ethic, and will be able to assist the Finance function in providing deliverables timely.

Key duties and responsibilities

This position will perform and co-ordinate processes as outlined below. 

Quarterly Analytics

• Assist in developing expectations of technical results for each quarter (US STAT/IFRS 17)

• Compare expectations to actual results by division/LOB/UWY

• Assist with the review of retro results to ensure they are in line with expectations, investigating any significant variances

• Work with technical closing, claims, reserving, and underwriting to comment on the quarterly activity

Quarterly Landing

• Work with the local technical closing team to help prepare a quarterly landing summary file explaining the technical results for the period (US STAT/IFRS 17)

• Compare the landing with the operating plan and provide insightful commentary

• Update as needed throughout the quarter close

Reoccurring Presentations

• Assist in preparing the presentations for the Audit Committee and Board of Director’s meetings

• Assist in preparing any external presentations including but not limited to regulators, rating agencies, and auditors

Financial Planning & Analysis

• Provide support for the annual strategic plan process, including reviewing assumptions and providing feedback

• Maintain three-year statutory pro formas for all legal entities for capital management and tax projections

Local Solvency Planning and Monitoring

• Assist in projecting expected RBC for a three-year period

• Assist in performing stress tests to assess ability to absorb adverse scenarios

• Monitor capital adequacy and evaluate opportunities for potential transactions/capital repatriation

ACCOUNTING ISSUES

• Contribute to the maintenance of accounting records to ensure compliance with relevant accounting standards

• Research and convey to the Finance team technical accounting issues that are identified

OTHER

• Assist with special projects and ad hoc requests outside the day-to-day operations

• Assist with impromptu requests from CFO/Controllers in the Americas (Canada, Brazil, Argentina, etc.) to ensure the companies are aligned with finance directives from the Group and relevant information is shared in a timely manner

Required experience & competencies

The candidate will possess a moderate degree of accounting and (re)insurance related knowledge and has foundational knowledge of International Financial Reporting Standards and Statutory Accounting Principles. 

• Professional Experience 
  • Approximately 3-5 years of accounting or (re)insurance experience
  • Public accounting or advisory services a strong plus
  • Working knowledge of financial reporting standards, such as International Financial Reporting Standards (IFRS) and Statutory Accounting Principles (SAP)

• Requisite Skills

  • Strong financial analysis skills
  • Proficiency in Excel, PowerPoint, Power BI
  • Foundry/Business Objects proficiency a plus
  • Strong oral and written skills
  • Ability to work collaboratively with the Finance team to meet strict timelines
  
  

Required Education 

• Bachelor’s degree in Accounting or Finance
  • Certified Public Accountant designation a strong plus

You may not meet every requirement listed in the job description. If you bring broad expertise and alignment to the role and resonate with our core values, we encourage you to apply. 

Relocation assistance within the U.S. is available for this position. Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

Hybrid Work Policy:

SCOR is committed to an “in-office” culture where people can collaborate, exchange ideas, and establish stronger working relationships while ll providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.

At SCOR, we CARE about clients, people, and societies, and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical, financial, and emotional well-being of the people who make our company successful – you. 

Benefits We Offer 

•        Medical, vision, and dental coverage 

•        401(k) Plan with a competitive match 

•        Company-funded Defined Contribution Retirement Program 

•        Life and AD&D insurance 

•        Long- and Short-Term Disability 

•        Flexible Parental Leave 

•        Unlimited Sick Days 

•        Volunteer Time 

•        Summer Fridays 

•        Learning & Development Resources 

•        Personal Wellness Tools and Rewards

•        Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios 

•        And More! 

Pay Range for roles performed: $91,500 - $112,000 base salary per year. 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. 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.

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.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.