Group Finance Solvency 2 Financial Analyst Intern

Under Solvency II (SII), the SCOR Group and its EEA subsidiaries will be 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 Solvency II 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 Group Finance Solvency II team is responsible for the quantitative and qualitative reporting. On the quantitative reporting, the focus lies on further developing Group processes for the production of Solvency II quantitative reporting requirements assigned to the team, namely QRTs and Economic Balance Sheet (EBS). On the qualitative report, the aim is to produce the Solvency and Financial Condition Reports (SFCR) and the Regular Supervisory Reports (RSR) within the given deadlines with the highest level of quality.

The quantitative reporting team is organized around two areas – the economic balance sheet (EBS) and the investment reporting. Within the investment reporting the holder of the position will ensure that Group processes and tools allow for the production of investment QRTs for the EEA solo entities and the SCOR consolidated group in a manner which is fully integrated and reconcilable with Group consolidated figures and Group processes.

• You are ideally enrolled in a Finance / insurance master with a strong interest in the insurance sector,
• Strong financial background, Insurance knowledge appreciated,
• Strong IT skills: Strong Excel (test will be performed as part of the interview process) and PowerPoint skills required; VBA knowledge appreciated,
• Strong written and verbal communication skills in English is required. French speaking is a plus

Starting Date: December

You will integrate into a team which is responsible for the timely production of the SCOR Group’s quantitative reporting under Solvency II (Investment QRTs) and the narrative reporting. The team has also to ensure that solo EEA entities can access the information necessary for the production of the quantitative reporting requirements at their level.

Objectives

• Support the production of the Investment QRTs and Investment P&L attribution following regulatory requirements for SCOR Group and the solo entities as per agreed deadlines by performing: Data collection (creation and enhancement of specific collection templates, data extractions, and follow up on the submissions received) . Data analysis and quality control (reconciliation checks to SCOR’s accounting ledgers; completeness and quality data checks)
• Internal communications (regular status update for SII P3 meetings; production and statistics for data quality and completeness)
• To support proper documentation of controls, and ensure the ICS controls are relevant and up to date
• Prticipate to the testing phase of the multiple project involving the industrialisation and future reporting processes of SII
• Proactively be involved in any process upgrade and improvement and other ad-hoc tasks to support the SII P3 asset team.