SCOR
Senior MGA Operations Analyst
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Role Overview
The role supports pre-bind due diligence, post bind operational oversight through ongoing audit and corresponding monitoring activities. The individual will evaluate a target company’s risks, value drivers, and deal breakers. They utilize MGA/Delegated Authority framework to formulate a strategy to address due diligence risk areas and identify potential issues and matters of concern and be an integral part of the team to formulate solutions.
Responsibilities
The Sr. MGA Operations Analyst is a key member of the SCOR Delegated Operations team working in a fast-paced environment that encourages new ideas and a fresh way of thinking. Responsibilities include:
- Management of due diligence process and administration of all classes for corresponding coverholders/for MGAs or TPA/DCAs. Including but not limited to, new Coverholder sponsorship, annual due diligence review and approval.
- Triaging core requirements across a number of stakeholders across the business to formulate the due diligence strategy and requirement pack.
- Preparing detailed reports and presentations of due diligence findings.
- Work cross-functionally with Underwriting, Risk, Compliance, Finance, Legal, and IT to assess operational readiness, identify gaps, and track remediation, all in line with SCOR’s risk appetite and delegated authority standards.
- Provide first line triage across referral points including (Risk, Compliance, Finance, IT) and conducting detailed assessments on the operational setups.
- Agreement onboarding: Structuring, reviewing, and managing delegated authority contracts and renewals.
- Audit & compliance: Scoping and coordinating audits to ensure 3rd Coverholders and TPAs/DCAs comply with regulatory standards.
- Assist in the management of outsourcing arrangements and monthly performance against SLA’s.
- Assisting in the completion of regulatory, statutory, and non-regulatory reporting to comply with internal/external requirements.
- Support income or EGPI reviews and updates.
- Ensure bordereaux are processed, driving data quality and metrics.
- Ensure data quality meets SCOR standards and rectify where gaps identified.
- Participating in internal/external business associated forums and actions.
- Other ad hoc tasks as required.
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Committees and Memberships
- Contributor to SCOR Product Oversight Committee, Delegated Underwriting Committee, and Delegated Claims Reporting Committee.
Qualifications
Required Experience & Competencies
- Excellent quantitative and qualitative skills.
- Strong attention to detail.
- Good communication skills - being able to articulate technical matters into actionable tasks.
- Strong analytical and problem-solving approach.
- Project and time management skills required. Ability to multitask and self-organize.
- Experience with continuous improvement methods.
Desired
- Understanding of the delegated business environment and the insurance market preferred.
- Minimum of a couple of years working in a similar role such as strategy consulting, M&A, risk assessment, audit, risk and controls, or as a risk analyst.
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Required Education
- College/University degree required. Bachelor's Degree.
About SCOR
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.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
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