Retrocession Technical Accountant

SCOR; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading global reinsurer is seeking a Retrocession Portfolio Manager Operations to oversee insurance and reinsurance accounts. The role involves managing contractual data, processing claims, and collaborating with underwriters. Candidates should have strong analytical skills and advanced MS Office proficiency.

Qualifications

• At least 3 years of experience in re-/insurance accounting or underwriting assistance.
• Good insurance and reinsurance knowledge.

Responsibilities

• Manage own portfolio of accounts and resolve discrepancies.
• Ensure compliance with sanctions and manage cash flow.

Skills

Analytical Skills

Communication

Collaboration

Tools

MS Excel

Power Query

Business Object

Power BI

Tableau

Job description

The Retrocession Portfolio Manager Operations oversees the administration of insurance and/or reinsurance accounts and contracts, including establishing and maintaining contractual data, processing account bookings, handling claims, and managing related cash flows. They also support underwriters with administrative activities related to the underwriting process.

Key duties and responsibilities

1. Responsible for entries (treaties and/or facultative) in the Accounting and Underwriting systems/platforms and all subsequent modifications.
2. Enter T&C (Terms and Conditions) into the accounting system accurately.
3. Check contractual T&C, submit for signature, and address ambiguities or changes.
4. Check and process accounts and claims advices.
5. Clarify discrepancies of accounts and claims with underwriters, claim experts, cedents, and brokers.
6. Manage independently their own portfolio of accounts.
7. Resolve problems following prescribed guidelines or procedures.
8. Proactively seek advice for new issues and suggest solutions.
9. Manage cash flow, including setting up client bank accounts, processing payments, and following up on pending payments and balances.
10. Perform ICS controls according to guidelines and support underwriters in these controls.
11. Monitor client accounts/statistics using internal reports, perform data analysis, and support stakeholders with reports and statistics.
12. Ensure compliance with sanctions and embargoes by scanning lists and forwarding issues for further investigation.
13. Ensure proper filing of underwriting, accounting, and claims documentation in the DMS.
14. Maintain good communication with clients via meetings and workshops.
15. Be accountable for internal and external audits.

Required experience & competencies

1. At least 3 years of experience in the industry (re-/insurance) accounting, underwriting assistance, or controlling, with preferred experience in Treaty/Facultative.
2. Good insurance and reinsurance knowledge, with a desire to deepen expertise.
3. Advanced MS Office skills, especially in MS Excel and Power Query.
4. Knowledge of Business Object, Power BI, Tableau is beneficial.
5. Strong analytical skills and accuracy.
6. Excellent communication and collaboration skills with internal and external stakeholders.
7. Reliability and sense of responsibility.
8. Self-motivated, flexible, and adaptable to change.

SCOR is a leading global reinsurer offering innovative reinsurance and insurance solutions to manage risk. We leverage industry expertise and financial solutions to serve clients and contribute to societal resilience worldwide.

Working at SCOR means engaging with top industry professionals to find solutions to societal challenges.

Our culture, 'The SCOR Way,' is built on five core values: caring about clients, people, and societies; integrity; courage; open-mindedness; and collaboration. We support diversity and inclusion, welcoming applicants with disabilities.