Under Solvency II (SII), the SCOR Group and its EEA subsidiaries will be required to report on a quarterly and/or annual basis Quantitative Reporting Templates (QRT), Solvency and Financial Condition Reports (SFCR) and Regular Supervisory Reports (RSR). Additionally, it is expected that other reporting requirements will partially leverage Solvency II reporting but also require additional quantitative and perhaps qualitative submissions (e.g. Financial Stability (FS), European Central Bank (ECB) and National Specific (NS) requirements).
The Group Finance Solvency II team is responsible for the quantitative and qualitative reporting. On the quantitative reporting, the focus lies on further developing Group processes for the production of Solvency II quantitative reporting requirements assigned to the team, namely QRTs and Economic Balance Sheet (EBS). On the qualitative report, the aim is to produce the Solvency and Financial Condition Reports (SFCR) and the Regular Supervisory Reports (RSR) within the given deadlines with the highest level of quality.
The quantitative reporting team is organized around two areas – the economic balance sheet (EBS) and the investment reporting. Within the investment reporting the holder of the position will ensure that Group processes and tools allow for the production of investment QRTs for the EEA solo entities and the SCOR consolidated group in a manner which is fully integrated and reconcilable with Group consolidated figures and Group processes.
You will integrate into a team which is responsible for the timely production of the SCOR Group’s quantitative reporting under Solvency II (Investment QRTs) and the narrative reporting. The team has also to ensure that solo EEA entities can access the information necessary for the production of the quantitative reporting requirements at their level.
Objectives
Starting Date: End of June
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.
SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health as well as in P&C.
The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable.
The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe.
One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft.
Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.
