Retrocession Analyst Intern

Department
Within the Finance Department the Risk Partnerships team is responsible for the purchase of retrocession to protect SCORs global exposures. Retrocession is a key component of SCORs underwriting strategy ensuring the protection of the Groups capital while providing underwriters with sufficient capacity to support business growth. The outward protections on which the intern will work aim to cover the worldwide P&C reinsurance treaty portfolio (both proportional and nonproportional) with a particular focus on Property Catastrophe risks.

Job Summary

The intern will support the team in enhancing the monitoring and management of collateralized contracts which are critical to effective counterparty risk management and require accurate timely and reliable tracking.

This internship will provide the opportunity to gain handson experience with collateralized reinsurance and financial contracts exposure to risk management and operational processes and practical involvement in process automation and monitoring tool enhancements.

Depending on the teams operational needs the intern may also be asked to assist with additional adhoc tasks.

Under the supervision of the Cat account manager your will support the Retrocession team mainly on the following tasks:
1. Enhance the efficiency and reliability of collateral monitoring processes
2. Reduce manual workload and operational risk through automation
3. Improve the followup of collateral positions.
4. Contribute to stronger internal controls including collateral movements tracking and timely reporting to external stakeholders such as brokers and retrocessionaires.

Candidate profile

• Student in Mathematics Actuarial Sciences Finance Data/Business Analytics or in a similar field.
• Ability to understand both business needs and technical solutions
• Analytical and detailoriented mindset.
• You like working in an international team.

Required Technical & Soft skills

• Very good command of Excel (formulas pivot tables; VBA or Power Query is a plus)
• Interest in automation and process improvement.
• Basic knowledge of databases Python SQL or BI tools is a plus.
• Fluent in English (French is a plus).