Alternative Solutions Retrocession Expert

Alternative Solution deals are by nature (due to their structure) very complex and require specific knowledge to draw out the substance of what those contracts mean economically and how they should be reflected in SCOR ‘s financials.

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

- Alternative Solutions retrocession activities with the following main responsibilities:

- Analyse retrocession AS deals in order to determine proper accounting methodology
- Follow up of accounting position
- Develop reporting and specific analysis on retrocessed AS deals
- Identify operational blocking points ahead of contracts initialization
- As part of IFRS17 closing and landing:

- Contribute to the closing of retrocession results ensuring proper retrocession plan enforcement and overall data quality
- Working closely with accounting and underwriting teams, both at local entities and business unit levels, to contribute to the production of retrocession results
- Participate to the dedicated retrocession reporting and analysis

Within P&C central closing and controlling team, this position will be dedicated to retrocession activities across closing GAAPs (IFRS4, EBS and IFRS17) working closely with underwriting and accounting retrocession teams, both at local entities and business unit levels.

Main activities will be:
1. Support and follow the implementation and the accounting of retroceded Alternative Solutions deals under all GAAPs (baseline and IFRS17)

The employee will be in particular in charge of:

- Analyse AS deals in order to determine proper accounting methodology (including Group accounting scheme) under baseline and IFRS17 in close relation with the Center of Excellence department
- Follow up of accounting position and ensure results consistency (especially considering contracts economic reality)
- Work closely with Actuarial and Financial analytics team as well as with AS underwriting team to ensure that material deals that need referral are identified and accounted for in a timely manner & to support the economic analysis of those deals
- Develop reporting and specific analysis on retrocession AS deals
- Be the main point of contact across the teams (business and finance) as the AS implementation expert
- Ensure the controlling framework around AS deals is developed, strong and efficient
- Identify operational blocking points ahead of contracts initialization

2. Participate to the closing and landing retrocession activities accross all GAAPs (baseline, IFRS 17 and Solvency II) and support current employee working on these tasks
- As part of closing activities:

- Control data quality and results accuracy (from the production of the figures until communication)
- Support entities in the IFRS17 retroceded results’ production
- Ensure deadlines are met
- Contribute to the analysis of the target quarterly IFRS17 technical results (P&L and balance sheet and AoC items)
- Participate to the retrocession landing:

- Working closely with accounting and underwriting teams, both at local entities and business unit levels, to contribute to the production of retrocession results
- Participate to the dedicated retrocession reporting and analysis
- Support and challenge the entities in their results’ communication to the team

3. Be involved in coutinous target retrocession closing processes:

- Participate to the definition of the various tasks to be performed at Local and business unit levels and to the deliverables reshaping
- Help improve the controls to be implemented at business unit level (as well as implementation and testing of those controls)
- Participate to the set up of interactions with entities and other teams working on retrocession at business unit level

4. Participate to ad hoc projects or workstreams as needed

**Experience**:

- Minimum 3 to 5 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

**Personal competencies**:

- Expertise in results’control and analysis/reporting
- Expertise in reinsurance business or retrocession would be appreciated
- Knowledge in IFRS17 and/or Solvency II environments

**Soft skills**:

- Curious
- Flexible
- Rigorous
- Proactive
- Ability to work in a project mode

**Digital competencies**:

- Expertise with IT tools (Business objects / Excel, Tableau)
- Power point knowledge

**Required Education**:

- Master’s degree (Bac+5) or above, in Finance / Audit / Controlling with strong analytical skills
- Actuarial knowledge is a plus

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & He