Solvency 2 and IFRS 17 Closing Expert

SCOR; Paris; Sur place; EUR 85 000 - 110 000; Plein temps

Résumé du poste

SCOR in Paris seeks a Finance/Closing expert to manage Solvency II and IFRS17 closing activities within the P&C controlling team. You will analyze position checks, support QRT/SFCR reporting, and develop Omega-based tools.

You will coordinate with local closing teams, contribute to P&L/BS analysis and act as a reference for I17 financial statements, focusing on gap analysis and automation. The role requires 5–6 years in (re)insurance finance, strong analytical skills, and experience with IT

Qualifications

• Minimum 5/6 years in a (re)insurance 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 or retrocession is appreciated.
• Knowledge in IFRS17 and/or Solvency II environments.
• Accounting skills appreciated; curious, flexible, rigorous and proactive.
• Ability to work in a project mode; adept with IT tools listed above.

Responsabilités

• Within P&C central closing, report across closing GAAPs (IFRS4, EBS, IFRS17) with underwriting and finance teams.
• Support Solvency 2 best estimate computation and related reporting.
• Check and analyse Solvency 2 positions using control tools; improve computations.
• Prepare quarterly Best Estimates presentation for sign-off; complete QRT and audit trail.
• Automation of processes in Omega; monitor Solvency 2 audit trail and documentation.
• Act as point of contact for other teams on EBS (Pillar 3, local closing teams).
• Develop tools to measure steps from Solvency 2 to IFRS17; document computations.
• Become reference for local/central closing teams regarding I17 financial statements.
• Close activities across GAAPs with deliverables and controls; participate in ad hoc projects.

Connaissances

P&C Finance

IFRS17

Solvency II

Reporting & analysis

Reinsurance knowledge

Audit/Consulting experience

Project mode

IT tools

Outils

Business Objects

Excel

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.