At a Glance
- Tasks: Support operational oversight and due diligence in a fast-paced environment.
- Company: Join SCOR, a leader in the insurance market with a focus on innovation.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic team environment with a commitment to diversity and inclusion.
- Why this job: Make an impact in the insurance industry while developing your analytical skills.
- Qualifications: Bachelor's degree and experience in risk assessment or similar roles required.
The predicted salary is between 29700 - 36300 £ per year.
The role supports pre-bind due diligence and post-bind operational oversight through ongoing audit and corresponding monitoring activities.
Responsibilities
- Act as a key member of the SCOR MGA Operations team working in a fast-paced environment that encourages new ideas and a fresh way of thinking.
- Support completion and submission of statutory and/or regulatory reports and advance automation.
- Administration of the due diligence process for selected classes of business including new Coverholder sponsorship, annual due diligence review and approval (including all third parties).
- Actively involved in ongoing operational tasks and services from MGAs or Coverholders and TPAs.
- Liaising with underwriters, transversal functions, outsourcers and associated stakeholders.
- Participation in internal/external forums as required.
- Assist in coordinating Third Party audits, from scope definition to completion of audits.
- Third Party Audit report review and management of recommendations.
- Support of the data management function and reporting of identified gaps.
- Management of the income/EGPI review process including distribution of reports, communicating with underwriters and credit control monitoring.
- Provide support to other members of the team as required.
- Identify opportunities for improvements in cost savings and efficiency across the processes.
- Generate reporting to support the management of the departmental activities.
- Ensure compliance to Delegated Authority policy and internal controls.
- Other ad hoc tasks as required to support the portfolio.
Change and Operational Improvements
- Contribute to defining data and risk assessment guidance related standards across SCOR.
- Support cross company collaboration through targeted workshops, status briefs and informal updates.
Committees and Memberships
- Contributor to SCOR Syndicate Conduct Risk Product Oversight Committee and Delegated Underwriting Committees.
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
- Bachelor's Degree in Business related discipline.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
Junior MGA Operations Analyst in London employer: SCOR
SCOR is an exceptional employer, offering a vibrant and inclusive work culture that fosters collaboration and innovation within its dynamic actuarial team. As an intern in the heart of the Lloyd's of London insurance market, you will gain hands-on experience with cutting-edge modelling tools while working alongside industry experts, ensuring ample opportunities for personal and professional growth. With a commitment to diversity and employee well-being, SCOR not only values your contributions but also supports your development in a meaningful and rewarding environment.
StudySmarter Expert Advice🤫
We think this is how you could land Junior MGA Operations Analyst in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like SCOR. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Junior MGA Operations Analyst in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to SCOR.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on SCOR's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at SCOR
✨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.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at SCOR will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former SCOR employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
