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Senior Operations Analyst
- Minneapolis, Minnesota, United States
- Minneapolis, Minnesota, United States
About
This role serves as a key operational partner across Group Reinsurance, Finance, Risk Management, IT and clients, to ensure accurate administration, strong controls, timely reporting, and continuous improvement of operational processes. The position requires a strong understanding of reinsurance operations, financial reporting, treaty administration, systems support, and cross-functional stakeholder management. The role is expected to identify operational trends, lead process improvement initiatives, support control performance, and drive automation and reporting enhancements that strengthen the efficiency, accuracy of Group Reinsurance operations.
Responsibilities
General Operations
Oversee and support all aspects of Group Reinsurance Operations including premium, claims, and policy administration. Includes maintenance of internal and external customer relationships that support these activities. Monitor day-to-day operational performance for the Group Reinsurance team and identify issues, trends, risks, and opportunities requiring action or escalation.Lead recurring operational review meetings providing insight into emerging trends, service performance, process effectiveness and operational priorities. Participate in and/or lead process improvement efforts. Maintain strong working relationships with internal stakeholders, external clients and other business partners to support timely and accurate premium and claims administration.Interact directly with clients to resolve premium, claims, accounting, billing, receivable, and other operational matters.Support external retrocession reporting requirements, ensuring deliverables are completed accurately and in accordance with required timelines.Lead the annual expense budgeting process for Group Reinsurance, partnering with Finance and business stakeholders to develop, monitor, and explain budget activity.Perform other related responsibilities as assigned to support departmental and business objectives.
Financial Reporting
Produce accurate and timely Group Reinsurance financial reports on a quarterly or monthly cycle. Create, manage and automate experience reporting, performance dashboards and analytical tools used to monitor the performance of each account. Perform experience refund calculations for relevant accounts according to treaty terms.Support statutory, data calls, premium tax reporting needs, and internal finance requests and other financial reporting needs
System Support / Business Analyst
Serve as a business liaison between Group Reinsurance and internal IT staff. Identify opportunities to enhance existing system design and strengthen internal process flows.Administers claims, premium, brokerage commissions and other payments/receivables through internal SCOR systems including Omega and Everest.Provide subject matter expertise on operational processes, system usage, and data/reporting needs.
Qualifications
At least 4 years of relative work experience in reinsurance/insurance with operations, accounting or analytics experience.BA/BS degree or equivalentStrong understanding of premium, claims, policy administration, receivables, payables, and/or reinsurance accounting processes. Experience producing financial, operational or experience-based reportingAbility to interpret treaty terms and apply them to operational and financial calculations.Strong analytical, problem-solving skills and process improvement skillsAbility to manage multiple priorities and deliver accurate work within required deadlines.Knowledge of Group Life and Accident reinsurance products preferred.Strong communication and relationship management skills Strong critical thinking skills analysis of data to reach a well-reasoned solution.Proficient in Windows environment, including Excel, Word, PowerPoint and co-pilot
Relocation assistance within the U.S. is available for this position.
Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.
Hybrid Work Policy: SCOR is committed to an "in office" culture where people can collaborate, exchange ideas, and establish stronger working relationships
while still providing flexibility. To support employee work-life balance and increase opportunities
for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.
Pay Range for roles performed in MN: $103,000-$126,000 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience,
role and performance. The range listed is just one component of SCOR's total compensation package for employees.
Other rewards may include annual bonuses, short- and long term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage,
life and disability insurance, a retirement saving plan, paid holidays and paid time off.
About Us
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.
Languages
- English
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