All activities related to clearance of new and renewal Submissions and processing quoted and bound accounts including (but not limited to): policy and endorsement issuance and booking, invoicing, accounting reconciliations, client and/or broker contact, timely filing of account documentation and additional duties as required. Application of incoming funds to booked premiums, preparation of outgoing settlements and coordination on claims payments.
Policy and endorsement booking, invoicing, document issuance and electronic filing; Account reconciliations; Broker/client contact for requisite documentation; account maintenance.
General tasks to include but not limited to:
- Entering of new business, renewals, endorsements into Clearance system
- Monitor and ensure that all risks entered into Omega are correctly signed off by the Underwriter and all checklists are completed
- Handling some aspects of administration of business generated by SCOR offices worldwide
- Recording, monitoring and reporting of premiums and updating reports
- Investigating differences between Estimated and Booked premiums
- Identifying and reporting problems with the Omega database
- Saving and indexing of records and contractual documents
- Reviewing slips and contract documents for correctness
- Entering of FAC R/I into OMEGA
- Posting of received funds to contracts and settlements outgoing for Fees, R/Ps, etc.
- Coordination with Claims Dept for outgoing payments
Required experience & competencies
- Five or more years Insurance industry experience is preferred in Insurance/Reinsurance underwriting or administration.
- Excellent written and verbal communication skills
- Client-centered approach to job functions
- Proficiency in MS Office applications
- Ability to prioritize varying demands
- Work with several Underwriters
- Work independently
- Ability to work in paperless environment
Required Education:
- High school diploma or GED (general equivalency diploma) and equivalent work experience
- A four-year BA/BS degree considered an asset.
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.
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.