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Technical Administrator - MGA

Date: Jul 18, 2021

Location: London, GB

Company: SCOR


London United Kingdom (GB) 


Technical Administrator - MGA 


Technical Accounting 



          About SCOR         

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. 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 insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.


Job Specification 

Principle responsibilities are over Data Quality , MGA’S and LOC’S . 


Principal duties and responsibilities

•    Sound knowledge of reinsurance and direct insurance business, both facultative and treaty premium accounting.
•    Data Quality Control.
•    External Reporting.
•    Good knowledge of estimate analysis relative to reinsurance business. 
•    Understanding of charges, which will include Commission calculations, brokerages, taxes including European IPT’s .
•    Cash Accounting Experience.
•    Good reconciliation skills, experience with sub ledger to main ledger reconciliation.
•    Attendance and participation at User Groups where required.
•    Develop and maintain productive working relationships with Deputy Head of UK Admin and other key stakeholders.
•    Contribute to process and quality improvement
•    Identify weaknesses within the various disciplines and recommend strategies for process improvement.
•    Plan and deliver training sessions to improve current processes, seeking support from other subsidiaries as required.
•    Control the growing MGA business in terms of Technical Accounting, ICS controls and all aspects of reporting (both internal and external).
•    Control the LOC and Collateral process for UK Administered Entities.


Contributes to the Company’s result by:
•    Contributes to the overall results of the company by ensuring all quarterly and annual closings are accurate and timely. 
•    Enhances the Company image by efficient and pleasant relationships with all key stakeholders.

Required education 
•    University Educated in related discipline or Relevant Market experience. 
•    Progressing towards professional qualifications 

Required experience & competencies

Experience - 

•    Experience working within insurance /reinsurance environment
•    Essential - Technical premiums and claims knowledge including experience of xChanging  systems.
•    Strong London market knowledge 
•    MGA/ Delegated Authority experience
•    Experience working on projects and co-ordination
•    Advanced Excel and data management
•    Desirable – European IPT tax knowledge

Personal Competences:

Essential – 

•    Attention to detail.
•    Data management and reporting.
•    Excellent knowledge of Microsoft Office, particularly Excel and drill down data analysis
•    Experience in Xchanging and Eprocessing.
•    Creative and problem solving skills, quick learner.
•    Adaptable to different business models.


Desirable – 
•    Ability to work with a variety of people
•    Strong communication skills, ability to communicate effectively with Key Stakeholders in the Division. 
•    Communicate constructively and openly to staff and management
•    Friendly and approachable
•    Numerate
•    Articulate
•    Can use initiative.
•    Good organisational skills
•    Good interpersonal skills

If you are interested in this opportunity please submit your details to us via our recruitment portal.