Junior Portfolio Manager

SCOR Services Asia Pacific Pte ltd; Singapore; On-site; SGD 70,000 - 110,000; Full time

Job summary

SCOR Services Asia Pacific Pte Ltd seeks a Portfolio Manager Operations to oversee the administration of insurance and reinsurance accounts and contracts, from data setup and bookings to claims handling and related cash flow management.

You will support underwriters in administrative tasks, ensure accurate entry of terms and conditions, monitor accounts, process payments, and maintain filing in the Document Management System while coordinating with clients and colleagues.

Qualifications

• Experience in (re-/insurance) accounting and underwriting assistance and/or controlling.
• Advanced MS Office skills (Excel, Power Query).
• Business Objects and BI tools beneficial.
• Power BI and Tableau skills beneficial.

Responsibilities

• Entries (treaties) in accounting and underwriting systems and all modifications.
• Enter T&C into the accounting system with accuracy.
• Check contractual T&C, submit to Underwriters for signature.
• Check and process accounts and claims advices.
• Clarify discrepancies with underwriters, claim experts, cedents, brokers.
• Manage low complexity accounts under guidance of a senior Manager.
• Manage cashflow including setting up client bank accounts and processing payments.
• Support internal controls and assist Underwriters with controls.
• Monitor accounts with internal reports and provide data analysis.
• Ensure compliance with sanctions/embargos and flag issues.
• Maintain proper filing of underwriting, accounting and claims docs in DMS.
• Maintain good communication with clients via meetings.

Tools

MS Excel

Power Query

Business Objects

Power BI

Tableau

Job description

Job Summary

The Portfolio Manager Operations oversees the administration of insurance and/or reinsurance accounts and contracts, from establishing and maintaining contractual data, processing the insurance and/or reinsurance account bookings, claims handling and manage the related cash flow. He/she also supports the underwriters in administrative activities related to the underwriting process.

Key duties and responsibilities

• Responsible for entries (treaties) in the Accounting and Underwriting system/platforms and all further modifications
• Enter T&C (Terms and Conditions) into the accounting system with accuracy.
• Check contractual T&C (Terms and Conditions), submit them to Underwriters for signature and draw their attention in case of ambiguities or changes,
• Check and process of accounts and claims advices,
• Clarify discrepancies of accounts and claims with underwriters/ claim experts/ cedents/brokers
• Manage low complexity accounts, following standard procedures under guidance of a senior Manager
• Manage cashflow including setting-up of client bank accounts in the accounting system, processing of outgoing/incoming payments and follow up on pending payments and open balances,
• Performics controls (Internal Control System) according to relevant guidelines and pro-actively support Underwriters in the performance of these controls,
• Monitor client accounts / statistics by using internal reports, perform data analysis and support Stakeholders with reports and statistics,
• Ensure compliance with sanctions and embargos by scanning respective lists and forward to Underwriter/Legal for further investigation if needed,
• Ensure completeness and proper filing of underwriting, accounting and claims documentation DMS (Document Management System)
• Maintain good communication with clients by attending internal and external meetings and workshops as required.

Experience

• Working experience in (re-/insurance) accounting and underwriting assistance and/or controlling preferable

• Advanced MS Office skills (focus on MS Excel, Power Query)

• Business Object skills beneficial

• Power Bi, Tableau, skills beneficial

Personal Competences

• Basic insurance and reinsurance knowledge and eagerness to deepen expertise.

• Advanced analytical skills and accuracy

• Advanced communication and team collaboration skills with both internal and external stakeholders and team members

• Sense of reliability and responsibility