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 UK Company Limited is an excellent employer that fosters a collaborative and innovative work culture in the heart of Greater London. Employees benefit from comprehensive professional development opportunities, competitive remuneration, and a commitment to work-life balance, making it an ideal environment for those looking to grow their careers in data engineering while contributing to impactful projects in the Lloyds of London Market.
