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Capital Management Intern

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SCOR

2mo ago

  • Internship
    Full-time
    Summer Internship
  • Data
    Banking & Finance
  • Paris

AI generated summary

  • You need a finance-focused degree, strong financial and insurance knowledge, excellent Excel and PowerPoint skills, and strong English communication abilities.
  • You will prepare presentations, monitor solvency and capital needs, assist with debt market topics, review retrocession contracts, maintain documentation, and support various Capital Management projects.

Requirements

  • Business School or Engineering ‘Grande Ecole’, University with 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 is required

Responsibilities

  • Preparing presentations for the Top Management and Board Members regarding Capital Management, and Financing at SCOR Group’s level or local entities level.
  • Monitoring of Local’s entities Solvency and potential capital needs, as well as the internal dividend plan
  • Involvement in Debt Capital Market (DCM) topics
  • Support the team in the monitoring of the hedging position of the Free Shares Allocation plans of SCOR.
  • Assisting in reviewing and analysing with the locals CFO, the internal retrocession contracts 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.
  • Projects: you will work with various members of the Capital Management team on a diverse range of topics depending on current and new projects, the changes in the organisation or the economic environment, and the priorities of top management.

FAQs

What is the main focus of the Capital Management Intern role?

The main focus of the Capital Management Intern role is to assist in monitoring and optimizing the company's capital, which involves data collection and analysis, financial modeling, and presentations to senior team members.

What educational background is required for this internship?

A Business School or Engineering 'Grande École' background or a University degree with a focus in Finance is required for this internship.

What skills are most important for this position?

Strong financial background, strong IT skills (especially in Excel and PowerPoint), and excellent written and verbal communication skills in English are crucial for this position.

Will I have the opportunity to work on multiple projects?

Yes, you will work with various members of the Capital Management team on a diverse range of topics depending on current and new projects, organizational changes, and economic conditions.

What types of projects will I be involved in as an intern?

As an intern, you will be involved in projects related to capital management processes, monitoring solvency, debt capital market topics, and reviewing internal retrocession contracts, among others.

Is prior insurance knowledge necessary for this role?

While a strong financial background is required, prior knowledge of the insurance industry is appreciated but not strictly necessary.

How will I contribute to presentations for management?

You will prepare presentations regarding Capital Management and Financing for top management and board members at both the SCOR Group level and local entities.

What experience will I gain from this internship?

By the end of the internship, you will have gained valuable experience in financial modeling and analysis, as well as a deeper understanding of the company's overall financial strategy.

Does SCOR promote a collaborative work environment?

Yes, SCOR emphasizes collaboration as one of its core values, promoting an environment where teamwork and open communication are encouraged.

What is "The SCOR Way"?

"The SCOR Way" is a common culture defined by five core values that guide the actions and choices of employees, emphasizing care for clients, integrity, courage, open-mindedness, and collaboration.

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SCOR

Combining the Art and Science of Risk to protect societies

Finance
Industry
1001-5000
Employees
1970
Founded Year

Mission & Purpose

SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health as well as in P&C. The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable. The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe. One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft. Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.

Culture & Values

  • Innovation

    Technological innovation is a driver of change. SCOR’s continuing investment in understanding and modeling risk helps to push back the frontiers of insurability, from the customer experience to product development.

  • Excellence

    Excellence is SCOR’s language, spoken in our offices and with clients across the world. It inspires trust and fosters a culture that embraces problem-solving and innovative thinking.

  • Teamwork

    Teamwork, collaboration and knowledge-sharing are at the foundation of SCOR’s recognized client service, enabling us to deliver tailored risk solutions in more than 160 countries.

  • Diversity

    The Group pays close attention to creating and maintaining the conditions necessary for a collaborative working environment among diverse nationalities, age groups and cultures. SCOR’s employees represent 65 nationalities and are as diverse as they are talented.

  • Sustainability

    Protecting the environment and contributing to the resilience of society are integral parts of SCOR’s identity and culture. In an increasingly risk-filled and uncertain world, the reinsurance industry has a leading role to play in underpinning sustainable and responsible development.

  • Integrity

    SCOR acts with honesty, integrity and transparency in all matters to ensure that we are accountable for our actions. We strive to meet the highest standards in all that we do, building trust among our clients, employees, shareholders, and regulators.