Solvency 2 and IFRS 17 Closing Expert

SCOR Group; Paris; Hybride; EUR 70 000 - 110 000; Plein temps

Résumé du poste

SCOR Group seeks a senior finance professional to lead Solvency II closing activities and IFRS 17 related tasks within the P&C controlling and closing team. You will analyse Solvency 2 positions, contribute to QRT/SFCR reporting, and develop Omega-based tools for gap analyses between standards.

Key duties include coordinating with local closing teams, supporting best-estimate computations, and driving automation and documentation for audit trails in the Solvency II process.

Qualifications

• Minimum 5/6 years in a (re)insurance company’s finance or technical department, or in a consulting/audit firm in the (re)insurance area.
• Experience in P&C business.
• Expertise in results’control and analysis/reporting.
• Expertise in reinsurance business or retrocession would be appreciated.
• Knowledge in IFRS17 and/or Solvency II environments.
• Accounting skills would be appreciated.
• Ability to work in a project mode.

Responsabilités

• Reporting activities across closing GAAPs (IFRS4, EBS and IFRS17).
• Support computation of Solvency 2 Best Estimate and associated reporting.
• Check and analyse Solvency 2 positions using control tools.
• Prepare Quarterly Best Estimates presentation.
• Complete QRT and audit trail in the filing system.
• Ensure continuity of the Solvency 2 process chain to consolidation tool.
• Develop tools for gap analysis between Solvency 2 and IFRS 17.
• Automation of manual processes in Omega (requirements, testing).
• Coordinate with local closing teams and other stakeholders outside the team.

Connaissances

Results analysis

P&C finance

IFRS17 knowledge

Solvency II knowledge

Formation

Experience in (re)insurance finance

Outils

Excel

Business Objects

SAP

Foundry

Description du poste

As part of the GCAO team and within the P&C controlling and closing team, the position will be mainly focused on:

Solvency 2 closing activities

Analyse the Solvency 2 position checks and follow the corrections with local closing teams

Participate in the elaboration of Solvency reportings (QRT, SFCR…)

Development of specific features of P&C finance tool (OMEGA)

IFRS 17 closing activities

Coordinate closing activities with local closing team

Participate in the P&L/BS analysis

Become a point of reference for I17 financial statements analysis

Development of tools to perform gap analysis between standards (mostly EBS vs IFRS 17)

The position will as well participate to the overall P&C technical closing process

Responsibilities

Within P&C central closing and controlling team , this position will be dedicated to reporting activities across closing GAAPs (IFRS4, EBS and IFRS17) working closely with underwriting and other finance teams.

Mains activities will be:

1/ Support and follow the computation of Solvency 2 Best Estimate and the associated reporting in collaboration with an other member of the team

The employee will be in particular in charge of:

Check and analyse the Solvency 2 positions using the control tools in place

Compute and improve specific Solvency 2 computation from dedicated process

Prepare Quaterly Best Estimates presentation for their sign off

Participate in the completion of the QRT and the completion of their audit trail in the filing system

Ensure continuation of the Solvency 2 process chain to the consolidation tool

Work on the Solvency 2 audit trail and documentation in preparation of the Solvency 2 audit (automation of reconciliation, dashboard construction...)

Participate in the automation of manual processes in Omega (business requirement, testing...)

As the point of contact for other stakeholders outside the team, the person will have to monitor and support the work of other teams on EBS (Pillar 3, local closing teams...)

2/ Be in charge of IFRS 17 and Solvency 2 gap analysis :

Develop tools to measure each steps moving from Solvency 2 figures to IFRS 17 ones

Document the computation of each of these steps

Develop and analyse coherence checks between the standards

3/ Become a point of reference for local and central closing teams regarding the understanding and analysis of the I17 financial statements (P&L, Balance sheet, Roll forward 1&2...)

4/ Participate to the closing activities accross all GAAPs (baseline, IFRS 17 and Solvency II) supporting other members of the team in:

Be the main point of contact for local closing team

Production of closing deliverables

Participation to the implementation of controls already developped

5/ Participate to ad hoc projects or workstreams as needed

Qualifications

Experience:

Minimum 5/6 years in a (re)insurance company’s finance or technical department, or in a consulting / audit firm in the (re)insurance area

Experience in P&C business

Expertise in results’control and analysis/reporting

Expertise in reinsurance business or retrocession would be appreciated

Knowledge in IFRS17 and/or Solvency II environments

Accounting skills would be appreciated

Curious

Flexible

Rigorous

Proactive

The candidate shall have strong capabilities to adapt himself / herself to a challenging and demanding environment

Ability to work in a project mode

Expertise with IT tools (Business objects / Excel, SAP, Foundry)

About Us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.