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CDI - CFO - Solvency II Junior Controller

Date: Jun 9, 2021

Location: Paris, FR

Company: SCOR


Paris France (FR) 


CDI - CFO - Solvency II Junior Controller 


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

Solvency II Reporting


- Job summary

Solvency II is part of the Group Finance function. It will coordinate SII and reporting aspects intra finance and between finance and other SCOR functions involved in the SII project.

As part of the Pillar 3 team you will report to the SII team leader

The Pillar 3 team coordinates and interacts with various contributors from the CRO & CFO functions, the divisions (SGI, Life and P&C) as well as representatives from SCOR’s solo EEA entities in order to cover all quantitative reporting requirements of SII.


Under Solvency II (SII), the SCOR Group and its EEA subsidiaries are 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 SII 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 SII team is organized around 2 teams – quantitative and qualitative reporting. The qualitative reporting team is responsible for the narrative reports (SFCR and RSR) and is attached to the Group CoE. Within the quantitative reporting team, the focus lies on coordinating, maintaining and further developing Group processes for the production of SII quantitative reporting requirements assigned to the team, namely QRTs and Economic Balance Sheet (EBS).


The quantitative reporting team is organized around two workstreams – the economic balance sheet (EBS) and the investment workstream. The investment workstream covers all processes and data related to investments required for the SII regulatory reporting. The EBS workstream on the other side is responsible for the preparation and production of the EBS and Own Funds. This team in addition oversees the collection of all other required data and information to enable fulfilling SII reporting requirements. The Solvency II team is providing the service in preparing the QRTs as a central function and for the Group and its EEA solo legal entities. Further to the preparation of the QRTs the team aims at constantly improving production processes including but not limited to automation of data collection. And finally, the team is involved in the regulatory watch.


As a member of the Group Finance Solvency II team , you will be contributing to all disclosures required under Solvency II for SCOR Group as well as the 5 solo entities, SCOR SE, SCOR Global Life SE, SCOR Global P&C SE, SCOR UK Ltd. and SCOR Global Life Reinsurance Ireland dac.

As part of the quantitative reporting process the team member will contribute to the proper documentation of the underlying production process.

The junior controller will be supporting the team in standard analysis for internal and external stakeholders and the preparation of ad-hoc reports.

Develop understanding of Solvency II regulatory requirements and standards.


- Key duties and responsibilities

You will integrate into a team that will be responsible for the timely production of the SCOR Group’s quantitative reporting under Solvency II (QRTs and EBS) whilst ensuring that solo legal EEA entities can access the information necessary to produce the quantitative reporting requirements at their level.

You will be contributing to the preparation and running of standard analysis to support the quarterly production. Proper documentation will support the internal controls and allow for further develop internal processes.

Through the daily working experience, you will develop your understanding of Solvency II regulatory standards and requirements.

Your priority will be the support of the production of the information and data to be reported under the respective workstream (EBS or Investments) and the related QRTs for SCOR Group and the solo legal entities. As part of this exercise you will support the documentation of related production processes, on data sources and quality.

The position of the Solvency II Junior Controller includes the following main aspects

  • Contribute to the production of the Solvency QRTs following regulatory requirements for SCOR Group and the solo legal entities as per agreed deadlines under the supervision of the team leader.
  • Support in the creation and optimization of existing analysis and reports and the preparation of key figures in accordance with internal and external requirements, creation of ad-hoc analysis
  • Understand the group processes related to the production and contribute to the effective and timely delivery of quantitative information and data related to SII
  • Understand and contribute to the reconciliation of data to other key financial data (ie IFRS) and the centralized processes and controls that are in place to ensure consistency of group/solo information
  • Use available systems in the daily production and develop good understanding of the interaction between the different systems
  • Develop a sound understanding of the SII reporting landscape; high level understanding of all SII text in order to support the maintenance and development of SII Accounting Principles and Standards Guide for SCOR.
  • Document detailed processes and possible improvements required on data sources and production processes
  • In your role as SII junior controller you work closely with other members of the team as well as other departments of the finance community (in particular with other teams of Solvency II and Group consolidation team).


- Required experience & competencies


  • Accounting/finance background
  • Good understanding of Accounting Principles, knowledge of Statutory accounting principles
  • Consolidation – systems
  • Desirable work experience within Solvency II environment

Personal competencies:

  • Good written and verbal communication skills
  • Independent worker
  • Analytical skills with ability to conduct research, data analysis and resolve complex problems
  • Team player, collaborative spirit
  • Innovative and curious
  • Targeted with attention to detail
  • Well organised, efficient and autonomous

Digital competencies:

  • Advanced Microsoft Excel skills
  • Generally good understanding of Microsoft office products
  • Affinity to IT / systems


- Required Education

  • Bac+5 studies in Economics or similar educational background (certified accountant/controller)
  • Experience in financial accounting, ideally in a reinsurance / insurance company
  • Experience in Consolidation (would be a plus)
  • Know‐how of international accounting standards (IFRS)
  • Good IT skills, SAP Know‐how would be a plus (SAP General Ledger / Consolidation)