Commutations and Liability Claims Portfolio Manager

ey duties and responsibilities 1

• / Commutations -

Assist the Global Head of Liability Portfolio Management - GHLPM in the development and delivery of commutations strategy for SCOR - P&C contracts, worldwide. -

• efine commutation targets, in coordination with the various departments concerned within SCOR (Underwriting / Administrative / Actuarial / Legal / Finance) -

• arrying out commutations (Treaty / Fac / Retro) to generate a significant positive impact for SCOR: R

• elease an accounting profit. R
• educe the future volatility of some risks. R
• educe the administrative charge induced by the long and difficult management of some very old contracts. C
• lose unpaid positions. R
• elease permanent capitals potentially useful for other activities, like business development. R
• educe the need for collateralisation (e.g. Trusts / Letters of credit). T
o resolve potential or existing dispute with Cedant or Retrocessionaire
• -

• mplementing and checking the correct application of commutations procedures -

• anaging the commutations monitoring tool -

• ct as an internal point of reference for all matters relating to commutations -

• uild up and maintain an external commutation and run-off network and monitor developments in this market. 2

• / Run-off and specific book management -

• ross-functional responsibility for the management of APH (Asbestos/Pollution/Health Hazard) claims for EMEA & APAC -

• oordinate the management of portfolios in Run-Off with a view to finality, including on specific issues of major importance to SCOR -

• rganise and carry out audits of selected claims portfolios -

• oordinating specific studies linked to claims analyses -

• onitor ICS controls for commutations -

• articipating in the definition of the annual claims review plan, supervising and carrying out claims audits, possibly by coordinating the intervention of an external consultant; -

• rganise and carry out audits of claims portfolios at ceding companies on selected portfolios. -

• ake charge of the study of specific projects linked to claims analysis -

• elping to reduce technical reserves while freeing up capital for future business 3

• / Claims management - Claims Expert for Alternative solutions portfolio (AS), worldwide. Worldwide expertise and support for those claims -

• roviding technical support to internal stakeholders, essentially to Claims Experts worldwide, concerning AS portfolio -

• articipating to elaboration of new rules & guidelines when necessary -

• ssisting the Global Head of Liability Portfolio Management in the development and delivery of claims strategy for Alternative Solutions losses as part of wider group claims strategy -

• valuating, developing, reporting on and resolving complex and/or higher value individual claims, ensuring Underwriters are advised of any contractual/legal issues -

• roposing general rules to apply for the management of AS claims -

• articipating to the planning and preparation of annual client visiting/audit plan, as well as actively participating to pre-underwriting -

• ollaborating and assisting in account management, often with other internal department representatives including Underwriters, TA (Technical Accounting), Pricing and Reserving Actuaries -

• eviewing clauses and wordings in co-operation with Underwriting and the Legal Department -

• pproving financial transactions on claims within his/her authority

equired experience & competencies P

• roven track record of handling large and complex insurance/reinsurance losses E
• xtensive experience of the markets within responsibility S
• trong business analysis and problem-solving skills, combined with the ability to present arguments effectively to a wide range of audiences E
• xcellent working knowledge and experience of exposed territories D
• emonstrate high level of technical competence in the managing and evaluation of claims K
• nowledge of insurance regulation and legislation across affected jurisdictions E
• nglish and French (written and spoken) R

equired Education M

asters degree or equivalent in Insurance, Finance

s 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. W

orking 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. A

s 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. S