Capital Management Intern

Company:  SCOR
Location: Paris
Closing Date: 23/11/2024
Salary: £40 - £60 Per Annum
Type: Temporary
Job Requirements / Description
Internal Retrocession refers to the practice of transferring or redistributing a portion of an insurer's or reinsurer's risk within the same organization or group. This is done to optimize capital allocation, spread the risk exposure, and potentially reduce the need for external reinsurance. As an intern within the Capital Management team, you will assist with the various processes to monitor and optimise the company's capital. This will involve collecting and analysing data, maintaining or building financial models, and presenting your findings to senior members of the team. You will also have the opportunity to contribute to ad hoc projects and analysis (corporate structuring, debt capital market topics). By the end of the internship, you will have gained valuable experience in financial modelling and analysis, as well as a deeper understanding of the company's overall financial strategy. Within the Capital Management team, you will be involved in developing and maintaining the capital management processes and internal & external financing schemes. Your responsibilities will include: Preparing presentations for the Top Management and Board Members regarding Capital Management and Financing at SCOR Group’s level or local entities level. Monitoring Local entities’ Solvency and potential capital needs, as well as the internal dividend plan. Involvement in Debt Capital Market (DCM) topics. Supporting the team in monitoring the hedging position of the Free Shares Allocation plans of SCOR. Assisting in reviewing and analysing internal retrocession contracts with local CFOs to determine the appropriate retrocession structure. Creating and maintaining documentation related to retrocession agreements. Monitoring the performance of retrocession agreements and identifying any issues or potential risks. Working with various members of the Capital Management team on diverse topics depending on current projects, changes in the organisation, or the economic environment. Business School or Engineering ‘Grande Ecole’, University with a focus in Finance. Strong financial background; Insurance knowledge appreciated. Strong IT skills: Strong Excel and PowerPoint skills required. Strong written and verbal communication skills in English are required. #J-18808-Ljbffr
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