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CDI - CFO - Investments Accountant

Date: Jun 6, 2021

Location: Paris, FR

Company: SCOR

     EMEA     

Paris France (FR) 

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CDI - CFO - Investments Accountant 

Permanent 

Finance & 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.

 

- Department

Group Investment Accounting

 

- Job Summary

Within Group Finance and under the responsibility of the Head of Group Finance Investments (GFI), you will be joining the investment accounting team composed currently of 4 people.

 

- Key duties and responsibilities

During closing process:

  • Control the booking of finance transactions and the correctness of accounting schemes
  • Perform monthly and quarterly investment closings within SimCorp Dimension tool
  • Ensure investment accounting compliance with IFRS standards (IAS 39, IFRS 7, IAS 32 and IFRS 9) and Group accounting policy
  • Investment accounting support for hubs and local entities (BFC controls, analysis, link with Back office & Middle Office)
  • Investment accounting support for Group Finance and Investments departments (FP&A, SIP, SAP CC, Consolidation, Solvency 2)
  • Perform reconciliation for mutual funds transactions (Liabilities vs subscription / repurchase, management fees, specific transactions, internal operation, cash reconciliation)
  • Assist the person in charge of the mutual funds IFRS packages
  • Perform controls on investment yields (amortization & accrued) and suggest changes in static data and transactions to Back Office team.

Outside closing periods:

  • Run and analyse second level controls on Dimension data filled by Middle Office / Data Management which impact accounting and inventory bookings.
  • Ensure accounting consistency through ad hoc controls in SimCorp Dimension (pre-close) / SAP AFO controls (post-accounting run)
  • Upgrade and validate agreement and payment bookings of day-to-day transactions
  • Ensure consistency between Middle Office process and Accounting process
  • Ensure correct implementation of changes and proposals from audit committee and update controls accordingly
  • Anticipate booking issues for new types of transaction and define accounting schemes for SIP new products. Develop accounting controls accordingly.
  • Participate in I9S project aiming to develop a new platform for investment accounting with the implementation of IFRS 9 and develop new accounting controls.
  • Participate in projects under the responsibility of GFI (restructuring, merger of portfolios, change in functional currency, acquisitions...)

 

- Required experience & competencies

Experience :

  • 5+ years in Accounting

Personal Competencies:

  • Strong written and verbal communication in English
  • Good communication skills
  • Very well organized
  • High attention to detail
  • Team player, collaborative spirit
  • Flexible and reactive in order to respond to a constantly evolving environment

Digital Competencies:

  • Advanced skills required: Microsoft office
  • Very good knowledge of SAP and Dimension

 

- Required Education

  • Master’s degree (Bac+5) in Accounting, Finance or Business-related field