At a Glance
- Tasks: Lead regional operations, ensuring compliance and managing relationships with Coverholders and MGAs.
- Company: Join a leading insurance company with a focus on innovation and collaboration.
- Benefits: Competitive salary, health benefits, and opportunities for professional growth.
- Other info: Dynamic work environment with excellent career advancement opportunities.
- Why this job: Make a real impact in the insurance industry while developing your career.
- Qualifications: Strong knowledge of P&C insurance and experience in underwriting processes required.
The predicted salary is between 60000 - 68231 £ per year.
Oversee Regional operational support for Company delegated classes of business. Management of Binding Authorities and Line Slips, associated activities and reporting. Ensure compliance to SCOR minimum standards including data quality. Oversight of Delegated Authority policy and controls.
Responsibilities
- Partner governance & oversight: Managing regional operational relationships with Coverholders or MGAs to ensure adherence to guidelines and service standards.
- Management of due diligence process and administration of all classes for corresponding coverholders/for MGAs or TPAs. Including but not limited to, new Coverholder sponsorship, annual due diligence review and approval (including all third parties).
- Foster internal collaboration and alignment between functional departments.
- Liaising and providing guidance to underwriters, transversal functions and stakeholders.
- Oversight and control of internal/external business associated forums and actions.
- Management of outsourcing arrangements and monthly performance against SLAs.
- Ensuring MGAs/DCAs comply with regulatory requirements, SCOR’s standards by conducting regular due diligence and operational audits.
- Review third-party audit recommendations and resolution of identified actions.
- Ensure data quality meets SCOR standards and rectify where gaps identified.
- Oversight of income or EGPI reviews, updates; results and reporting requirements, including outward contracts reporting needs.
- Identify opportunities for improvements in cost savings and efficiency across the processes.
- Oversight of statutory, regulatory and non-regulatory reporting, including requirements and report development.
- Ensure delegated systems including Alpha, SalesForce, Vipr and the HUB remain fit for purpose.
- Oversight of premium and claims bordereaux to ensure financial bookies are performed timely, driving data quality and metrics.
- Lead and contribute to department’s document library by creating and maintaining policies, programs and procedures to ensure it meets business needs.
- Champion in identifying, executing and communicating improvements to the operating model (technology and process).
- Lead and Define data and risk assessment guidance related standards across SCOR.
- Support cross company collaboration through targeted workshops, status briefs and informal updates.
- Manage monthly or quarterly internal controls while implementing process efficiencies where possible.
Committees and Memberships
- Member of portfolio risk management team or SCOR Syndicate Conduct Risk Product Oversight Committee and Delegated Underwriting Committees.
- Member of the extended P&C operations management team.
Qualifications
- Strong P&C industry knowledge, with a demonstrable understanding of the underwriting process, underwriting file management, and overall insurance company operations.
- Experience in designing and evaluating controls.
- Couple of years of experience in Insurance Related or DUA.
Required Education
- College/University degree or equivalent qualifications.
Locations 28 Liberty Street, New York, NY, 10005, US.
MGA Operations Lead - EMEA employer: SCOR
At SCOR, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of New York City. Our commitment to employee growth is evident through continuous training opportunities and a culture that fosters collaboration and innovation. With competitive benefits and a focus on operational excellence, we empower our team to drive meaningful change in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land MGA Operations Lead - EMEA
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like SCOR). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like SCOR. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace MGA Operations Lead - EMEA
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at SCOR.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at SCOR. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at SCOR
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at SCOR to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at SCOR, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding SCOR's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
