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Treasury Finance Trainee

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SCOR

2mo ago

  • Internship
    Full-time
    Off-cycle Internship
  • London

AI generated summary

  • You should be adaptable, detail-oriented, and analytical, with effective communication skills. Knowledge of SAP and Excel, plus an accounting background, is a plus; language skills are optional.
  • You will manage cash analysis, assist daily treasury tasks, liaise with banks, oversee compliance and documentation, handle currency exposures, and support various treasury projects and activities.

Requirements

  • Job Requirements:
  • - Preparation and distribution of weekly cash analysis for historical cashflows
  • - Participate in the daily tasks of the treasury
  • - Liaise with Letter of Credit providers
  • - Assist with quarterly Trust and funds withheld transfers
  • - Ensuring compliance with internal controls and procedures
  • - Exposure to multiple platforms and engaging with multiple stakeholders
  • - Local cash management and treasury activities
  • - Bank KYC, list of authorized signatories, administration of bank accounts
  • - Management and reporting of foreign currency exposures
  • - Contribute to Group projects and reporting activities
  • - Manage margin calls (collateral)
  • - Archive statements, bank notices, and other documents received by post
  • - Check and review bank charges
  • - Make requests to close and open bank accounts
  • - Ensure the back up of people absent from the service
  • - Proven ability to adapt to change & learn new tasks & systems quickly
  • - Quality focused and meets deadlines on time
  • - Proven ability to work in a challenging & busy environment
  • - Solution focused individual with strong analytical skills
  • - Proven ability to take ownership of responsibilities
  • - Effective self-starter with initiative
  • - Excellent verbal and written skills
  • - Strong team player and good emphasis on relationship building
  • - SAP knowledge an advantage
  • - Proficiency in Excel an advantage
  • - Accounting or Treasury experience is an advantage
  • - Education On or seeking pathway to qualification (ACA or ACCA) or equivalence
  • - French Language skills an advantage but not a requirement.

Responsibilities

  • - Preparation and distribution of weekly cash analysis for historical cashflows
  • - Participate in the daily tasks of the treasury (launch of payment requests, follow-up of signatures preparation of memos for signatories, answers to questions from our internal customers, questioning of banks, etc.)
  • - Liaise with Letter of Credit providers to ensure all requests are fully and correctly processed
  • - Assist with quarterly Trust and funds withheld transfers
  • - Ensuring compliance with internal controls and procedures and ensuing appropriate documentation and support is on file for all elements and documented in a timely manner
  • - Exposure to multiple platforms (e.g. SAP and associated systems and OMEGA), and engaging with multiple stakeholders (e.g. Investment and Treasury colleagues, consultants, Group, statutory auditors)
  • - Local cash management and treasury activities with responsibility for settlements, cashflow management and projections for all internal and external stakeholders
  • - Bank KYC, list of authorized signatories, administration of bank accounts
  • - Management and reporting of foreign currency exposures. Liaising with key stakeholders in the Company and Group Treasury to ensure appropriate foreign currency exchange hedges are put in place in accordance with Group policy
  • - Contribute to Group projects and reporting activities
  • - Manage margin calls (collateral)
  • - Archive statements, bank notices and other documents received by post
  • - Check and review bank charges
  • - Make requests to close and open bank accounts
  • - Ensure the back up of people absent from the service (holidays, etc)
  • - Other duties as may be deemed suitable from time to time

FAQs

What are the primary responsibilities of a Treasury Finance Trainee?

The primary responsibilities include cash management and reporting, coordinating and executing payments, managing Trusts/LOCs, handling bank facilities and FX management, ensuring compliance with internal controls, and contributing to reporting activities.

What experience is preferred for this position?

Accounting or Treasury experience is an advantage for this role.

What personal competencies are required for a Treasury Finance Trainee?

Personal competencies required include adaptability to change, quality focus, the ability to work in a busy environment, strong analytical skills, ownership of responsibilities, effective self-starter traits, excellent communication skills, and teamwork with an emphasis on relationship building.

Is knowledge of specific software required for this job?

Knowledge of SAP is an advantage, and proficiency in Excel is also beneficial for the role.

What educational background is needed for this position?

Candidates should be on or seeking a pathway to qualification (ACA or ACCA) or equivalent.

Are language skills important for this role?

French language skills are an advantage but not a requirement for this position.

Will the Treasury Finance Trainee work with international teams?

Yes, the trainee will work with the EMEA Treasury team located in London, Paris, Dublin, and Zurich, as well as engage with multiple stakeholders across the Group.

What is the work culture like at SCOR?

Working at SCOR is characterized by a collaborative environment, engaging with industry experts, and guided by core values that reflect care for clients, integrity, courage, open-mindedness, and collaboration.

Will the Treasury Finance Trainee be involved in foreign currency management?

Yes, the trainee will assist in managing and reporting foreign currency exposures and liaise with key stakeholders to ensure appropriate hedges are in place.

Are there opportunities for growth in this position?

Yes, as a Treasury Finance Trainee, there will be opportunities to contribute to Group projects and reporting activities, thereby gaining valuable experience for future growth within the company.

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.