Trainee Reinsurance Underwriting for Northwest Europe - Köln, Deutschland - Scor

Beschreibung

Job Description

We are looking for a motivated young professional with or without reinsurance experience who is eager to get to know a leading reinsurer being located in the heart of Cologne. The traineeship is clearly focused on underwriting tasks, such as analysis of insurance portfolios and structuring of reinsurance contracts, however there will also be stages with all supporting functions like the actuarial, modeling, claims, accounting and legal departments. On top, there will be the possibility to participate in projects, both in Cologne and London. During the 24 months traineeship the trainee will be able to develop the necessary skillsset for a junior underwriter position.

Responsibilities

• Underwriting/Pricing
  • Learn how to analyze and price the underlying business
  • Assist in preparation of offers for reinsurance programs
  • Assist in monitoring of the performance of the treaties
• Contract Certainty/Administration
  • Learn how to prepare, review, adjust and sign contracts
  • Learn to use all SCOR's internal admin systems
  • Prepare presentations and statistical analysis for internal use
  • Learn to apply and follow our internal guidelines during the underwriting process
• Special Projects:
  • Contribute to projects in the field of e.g. innovation, transformation, digitization, product development, technical underwriting, etc.

Qualifications

Experience:

• You have an excellent command of English
• You have sound analytical skills and are motivated to develop new skills in the underwriting area
• You demonstrate excellent IT skills with respect to standard software

Personal Competences:

• Excellent communication skills for developing or growing a professional network
• Enthusiasm for new business opportunities and the desire to think creatively
• Outgoing and confident with good presentation skills. Self-starter, problem solver and entrepreneurial
• Advanced analytical skills, mathematical skills are an asset
• Curious about innovations and trends
• Motivated and result oriented with an ability to work in a team
• Willingness to temporarily work also from London, if and when required

Required Education

University degree/Master's degree preferably in Economics, Business Administration or Law

About Us

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.