Senior MGA Operations Analyst

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.