Senior Financial Analyst, Technical Close

Responsibilities include analyzing the technical results for accuracy and identifying any necessary adjustments. This position will provide analytics on major drivers of quarterly results while adhering to strict timelines for the closing milestones, audits and management reporting. This position is required to interact and partner effectively with counterparts in Group Closing, Technical Accounting and Claims. 

This candidate should possess the ability to manage multiple deliverables concurrently, collaborate well with others, analyze data to effectively explain and report the results to all stakeholders. Strong written and oral communication skills are required to clearly convey findings. The ideal candidate will take ownership of their work, proactively addresses challenges and demonstrate a commitment to delivering high-quality results on time. An understanding of accounting, statutory principles and the insurance/reinsurance industry is preferred.

• Review quarterly estimates for accuracy including recalculations of premiums, commissions, reinstatements etc.
• Investigate possible anomalies during analysis of the PL for the portfolio and prepare adjusting entries (Assistance Entry “AE”) for booking into the reinsurance system, OMEGA, when needed.
• Monitor large loss movements and enter adjusting entries (“AE”) for changes in additional case reserves.
• Run the closing BO control reports during closing period and evaluate  balance movements for accuracy. Coordinate with Group Closing to book adjustment entries to the reinsurance system
• Provide a comprehensive and informative analysis for the quarterly internal landing P&L results with an emphasis on: 
  • Division
  • Line of business
  • Underwriting office
  • Comparison to plan
• Analyze financial results (both balance sheet and P&L, consolidated and standalone) including the production of quarterly detailed analysis.
• Analyze Cash Flow inputs to identify material movements and formulate commentary for the Clearance TouchPoint presentation.
• Comply with all closing internal controls, supported with comprehensive documentation and a clean audit trail.
• Special projects as assigned by Dept. head.

• College Degree required, preferably in Finance or Accounting
• Finance, Accounting and/or financial analysis experience in the financial services industry and/or public accounting firms
• Effective understanding of financial technical closing process, project management techniques, and can demonstrate problem solving and analytical skills.
• Proficient in Microsoft Suite including creating and delivering effective PowerPoint presentations, with the ability to convey complex information in a clear, visually engaging manner. Advanced proficiency in Excel is essential including expertise with formulas and pivot tables to analyze and interpret data efficiently.
• Shows business maturity, has strong presence, and possesses good written and verbale communication skills. Ability to work collaboratively and cross functionally with business segments and other finance departments.
• Demonstrates accountability by following through on commitments and effectively manage competing priorities to meet deadlines. 
• Additional hours may be necessary during peak period to ensure timely completion of technical closing

Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

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.

Pay Range for roles performed in NY: $105,000-$130,000 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long-term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.

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 A