Retrocession Portfolio Manager

SCOR; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

SCOR in Singapore seeks a Portfolio Manager to oversee administration of insurance and reinsurance accounts, data integrity, bookings, and claims handling, while managing cash flow. The role also supports underwriters and assists the Team Leader with quarterly validations, manual entries, retrocession analysis, and IC compliance.

The candidate will manage a portfolio of medium to complex accounts, mentor juniors, and promote knowledge sharing across the team.

Qualifications

• At least 5 years of experience in re-/insurance accounting and underwriting assistance and/or controlling.
• Advanced MS Office skills (focus on MS Excel, Power Query).
• Business Objects skills beneficial.
• Solid insurance and reinsurance knowledge and eagerness to deepen expertise.
• Advanced analytical skills and accuracy.
• Advanced communication and team collaboration with internal and external stakeholders.

Responsibilities

• Responsible for entries (treaties and/or facultative) in the Accounting and Underwriting systems and all modifications.
• Enter T&C into the accounting system with accuracy.
• Check contractual T&C and obtain signatures from Underwriters.
• Check and process accounts and claims advices.
• Clarify discrepancies of accounts and claims with underwriters/claim experts/cedents/brokers.
• Manage independently own portfolio with medium to complex accounts and solve problems.
• Provide guidance acting as a coach/mentor to juniors.
• Foster knowledge sharing with colleagues to reach solutions.
• Manage cashflow including setting up client bank accounts and processing payments.
• Perform Internal Controls (ICs) according to guidelines and support Underwriters in controls.
• Monitor client accounts/statistics using internal reports and support stakeholders with reports.
• Ensure compliance with sanctions and embargo lists; escalate as needed.
• Ensure completeness of underwriting, accounting and claims documentation in DMS.
• Maintain communication with clients through meetings and workshops.

Skills

MS Excel

Power Query

Business Objects

Analytical skills

Communication

Team collaboration

Tools

Excel

Job description

The Portfolio Manager 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. The position will assist the Team Leader in performing the validation of the Quarterly operations, calculation and input of manual entries, sending accounts, analysis of retrocession results and compliance with ICs processes (Internal System Controls).

Responsibilities

• Responsible for entries (treaties and/or facultative) 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 accounts and claims advices
• Clarify discrepancies of accounts and claims with underwriters/ claim experts/ cedents/brokers
• Manage independently his/her own portfolio with medium to complex accounts and solves complex problems or problems where precedent may not exist
• Provide guidance acting as a coach/ mentor to juniors
• Fosters knowledge sharing with other colleagues to reach solutions
• 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
• Perform ICs 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
• Be accountable for internal and external audit purposes

Qualifications

Experience:

• At least 5 years of experience in the industry (re-/insurance) accounting and underwriting assistance and/or controlling

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

Business Objects skills beneficial

Personal Competences:

Solidinsurance and reinsurance knowledge and eagerness to deepen expertise .

Advanced analytical skills and accuracy

Advanced communication and team collaboration skillswith both internal and external stakeholders and team members

Sense of reliability and responsibility

Self-motivation, flexibility and adaptability to changes