At a Glance
- Tasks: Manage due diligence processes and collaborate across teams to assess operational readiness.
- Company: Join SCOR, a leading global reinsurer with a focus on innovation and risk management.
- Benefits: Competitive salary, diverse work culture, and opportunities for professional growth.
- Other info: Engage with industry experts and contribute to impactful projects in a supportive environment.
- Why this job: Be part of a dynamic team tackling real-world challenges in the insurance market.
- Qualifications: Strong analytical skills, attention to detail, and experience in risk assessment or audit.
The predicted salary is between 55000 - 65000 £ per year.
The role supports pre-bind due diligence and post-bind operational oversight through ongoing audit and corresponding monitoring activities. The individual will evaluate a target company’s risks, value drivers, and deal breakers. They utilise the MGA/Delegated Authority framework to formulate a strategy to address due diligence risk areas and identify potential issues and matters of concern, being an integral part of the team to formulate solutions.
Responsibilities include:
- Management of the due diligence process and administration of all classes for corresponding coverholders/MGAs or TPA/DCAs, including new Coverholder sponsorship, annual due diligence review and approval.
- Triaging core requirements across a number of stakeholders across the business to formulate the due diligence strategy and requirement pack.
- Working cross-functionally with Underwriting, Risk, Compliance, Finance, Legal, and IT to assess operational readiness, identify gaps, and track remediation, all in line with SCOR’s risk appetite and delegated authority standards.
- Providing first line triage across referral points including Risk, Compliance, Finance, and IT, conducting detailed assessments on the operational setups.
- Agreement onboarding: Structuring, reviewing, and managing delegated authority contracts and renewals.
- Audit & compliance: Scoping and coordinating audits to ensure 3rd Coverholders and TPAs/DCAs comply with regulatory standards.
- Assisting in the management of outsourcing arrangements and monthly performance against SLAs.
- Assisting in the completion of regulatory, statutory, and non-regulatory reporting to comply with internal/external requirements.
- Supporting income or EGPI reviews and updates.
- Ensuring bordereaux are processed, driving data quality and metrics.
- Ensuring data quality meets SCOR standards and rectifying where gaps are identified.
- Participating in internal/external business associated forums and actions.
- Other ad hoc tasks as required.
Committees and Memberships:
- Contributor to SCOR Product Oversight Committee, Delegated Underwriting Committee, and Delegated Claims Reporting Committee.
Qualifications:
- Excellent quantitative and qualitative skills.
- Strong attention to detail.
- Good communication skills - being able to articulate technical matters into actionable tasks.
- Strong analytical and problem-solving approach.
- Project and time management skills required. Ability to multitask and self-organise.
- Experience with continuous improvement methods.
- Understanding of the delegated business environment and the insurance market preferred.
- Minimum of a couple of years working in a similar role such as strategy consulting, M&A, risk assessment, audit, risk and controls, or as a risk analyst.
Required Education:
- College/University degree required.
- Bachelor's Degree.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
Senior MGA Operations Analyst employer: SCOR UK Company Limited
SCOR is an exceptional employer that fosters a dynamic and inclusive work environment in the heart of London, where innovation and collaboration thrive. Employees benefit from engaging with industry experts while enjoying opportunities for professional growth and development, all underpinned by a commitment to integrity and social responsibility. With a focus on diversity and inclusion, SCOR ensures that every team member's voice is heard, making it a truly rewarding place to build a career.
StudySmarter Expert Advice🤫
We think this is how you could land Senior MGA Operations Analyst
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We think you need these skills to ace Senior MGA Operations Analyst
Some tips for your application 🫡
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How to prepare for a job interview at SCOR UK Company Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with SCOR UK Company Limited.
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