Claims & Operations Trainee Analyst - SCOR Business Solutions (SBS)
Claims & Operations Trainee Analyst - SCOR Business Solutions (SBS)

Claims & Operations Trainee Analyst - SCOR Business Solutions (SBS)

Trainee 25000 - 32000 £ / year (est.) No home office possible
SCOR

At a Glance

  • Tasks: Support claims processing and operational activities in a dynamic insurance environment.
  • Company: Join SCOR, a leading global reinsurer with a collaborative culture.
  • Benefits: Gain hands-on experience, develop skills, and enjoy a supportive work environment.
  • Other info: Inclusive workplace that values diversity and supports personal growth.
  • Why this job: Kickstart your career in insurance while making a real impact on society.
  • Qualifications: A Level education or equivalent; strong communication and organisational skills.

The predicted salary is between 25000 - 32000 £ per year.

This 23-month entry level position offers the opportunity to gain hands-on experience within a specialty insurance claims environment, together with exposure to operational activities to support the Claims team. This position is ideal for someone looking to build foundational knowledge in claims handling, operational processes, and the regulatory environment within the specialty insurance sector.

The Claims & Operations Trainee Analyst will support both the SBS Claims and P&C Claims Operations teams. This role is ideal for someone looking to develop a career in insurance claims, operational processes, or regulatory compliance. The role holder will support the SBS Claims team in the management and processing of claims, assisting with core claims processing activities including payments, reserving support, and maintaining accurate claims data while contributing to ad hoc claims and data-related projects.

The position will also play an important role in day-to-day operational support with a focus on reporting, general coordination, compliance and regulatory matters, and ad-hoc projects.

Job Responsibilities
  • Assist with the processing of claims payments and reserving updates in accordance with internal procedures.
  • Maintain accurate and up-to-date claims data across relevant systems and tools.
  • Support the claims team with day-to-day management of the claims portfolio, including reviewing documentation, updating files, and tracking outstanding items.
  • Help prepare claims summaries, reports, and dashboards as required.
  • Assist in the production of various internal and external reports, liaising with other members of the SBS Claims and P&C Claims Operations teams as required.
  • Support the coordination of operational activities across the P&C Claims and Claims Operations teams.
  • Provide support on ad-hoc projects, including data quality exercises, process changes, and system enhancements.
  • Support documentation and evidence gathering for audits, regulatory reviews, or internal monitoring activities.
  • Help ensure that claims activities comply with applicable internal policies, regulatory requirements, and audit expectations.
  • Assist with completing control reports, ad-hoc reports, including issuing reminders or follow-ups in a timely and professional manner.
  • Assist in monitoring control activities, including tracking control exceptions, updating logs, and ensuring follow-up actions are recorded.
  • Contribute to maintaining up-to-date process documentation, guidance notes and compliance procedures, ensuring changes are clearly reflected.
General Requirements
  • Manage and respond to internal and external queries in a timely and professional manner.
  • Ensure deadlines and targets are met with a high standard of accuracy.
  • Contribute to continuous improvement initiatives and support the wider team with ad hoc tasks as required.
  • Participate in team meetings, taking notes, following up on actions, and providing updates on assigned tasks.
  • Collaborate with colleagues across teams, ensuring smooth communication and contributing to a supportive working environment.
  • Follow internal procedures, policies and controls, maintaining professionalism and confidentiality at all times.
  • Good verbal and written communication skills - able to build good working relationships and communicate confidently with colleagues across different teams, locations, and time zones.
  • Strong organisational skills with the ability to manage multiple tasks and projects, keeping track of deadlines and day-to-day activities.
  • Strong numeracy & analytical mindset.
  • Microsoft Office Skills required, Excel, Word & PowerPoint intermediate to advanced level.
  • Good attention to detail, ensuring high quality of delivery.
  • Self-motivated, proactive and inquisitive with good drive and enthusiasm.
  • Report writing/presenting skills and ability to assemble concise PowerPoint presentations are desirable.
  • Ability to work independently and as part of a team - comfortable asking questions, collaborating with others, and contributing to a supportive team environment.
Education

Educated to a minimum of A Level standard (or equivalent).

Claims & Operations Trainee Analyst - SCOR Business Solutions (SBS) employer: SCOR

SCOR is an exceptional employer that fosters a collaborative and inclusive work culture, where employees are encouraged to thrive through open-mindedness and integrity. As a global leader in the specialty insurance sector, SCOR offers its Claims & Operations Trainee Analysts not only hands-on experience but also ample opportunities for professional growth and development within a supportive environment. With a commitment to diversity and a focus on employee well-being, working at SCOR means being part of a team that values innovation and societal impact across 160 countries.
SCOR

Contact Detail:

SCOR Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Claims & Operations Trainee Analyst - SCOR Business Solutions (SBS)

✨Tip Number 1

Network like a pro! Reach out to people in the insurance industry, especially those at SCOR. Use LinkedIn to connect and engage with them. A friendly chat can sometimes lead to opportunities that aren’t even advertised!

✨Tip Number 2

Prepare for interviews by understanding SCOR's values and how they align with your own. Think about examples from your past experiences that showcase your integrity, collaboration, and courage. This will help you stand out as a candidate who truly fits the company culture.

✨Tip Number 3

Practice makes perfect! Conduct mock interviews with friends or family. Focus on articulating your interest in claims handling and operational processes. The more comfortable you are speaking about your skills and experiences, the better you'll perform in the real deal.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining SCOR and being part of their innovative team.

We think you need these skills to ace Claims & Operations Trainee Analyst - SCOR Business Solutions (SBS)

Claims Handling
Operational Processes
Regulatory Compliance
Data Management
Reporting Skills
Communication Skills
Organisational Skills
Numeracy Skills
Analytical Mindset
Microsoft Office (Excel, Word, PowerPoint)
Attention to Detail
Self-Motivation
Proactivity
Team Collaboration

Some tips for your application 🫡

Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Claims & Operations Trainee Analyst role. Highlight any relevant coursework, internships, or projects that showcase your understanding of insurance claims and operational processes.

Craft a Compelling Cover Letter: Use your cover letter to tell us why you're passionate about the insurance sector and how you embody 'The SCOR Way'. Share specific examples of how you've demonstrated integrity, collaboration, or courage in your past experiences.

Showcase Your Attention to Detail: In both your CV and cover letter, pay close attention to formatting and grammar. This role requires strong organisational skills, so demonstrating your ability to present information clearly and accurately will make a great impression.

Apply Through Our Website: We encourage you to apply directly through our website for the best chance of being noticed. It’s a straightforward process, and it ensures your application goes straight to the right people who are excited to meet you!

How to prepare for a job interview at SCOR

✨Know Your Claims Basics

Before the interview, brush up on the fundamentals of insurance claims and operational processes. Familiarise yourself with key terms and concepts that are relevant to the role, as this will show your genuine interest and foundational knowledge in the field.

✨Showcase Your Analytical Skills

Be prepared to discuss examples of how you've used analytical skills in past experiences. Whether it's through coursework or previous jobs, highlight your ability to manage data and draw insights, as this is crucial for the Claims & Operations Trainee Analyst position.

✨Emphasise Team Collaboration

SCOR values collaboration, so be ready to share instances where you've successfully worked in a team. Discuss how you contributed to group projects and how you handle communication across different teams, as this will demonstrate your fit within their culture.

✨Prepare Questions About Compliance

Since compliance and regulatory support are key aspects of the role, prepare thoughtful questions about SCOR's approach to these areas. This shows that you're not only interested in the position but also understand the importance of adhering to regulations in the insurance sector.

Claims & Operations Trainee Analyst - SCOR Business Solutions (SBS)
SCOR

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