actuary

assistant vice president

underwriter

vice president

portfolio manager

SCOR

When the hiring counsel divulges too much information about a former employee who is no longer in the role, it should have been a warning sign. It’s posted every 12-18 months as a replacement position for good cause. 

Leadership (Paris) insists that those in the US return to the office, despite the fact that direct insurance non-attorneys are almost never in the office.  In fact, their travel is considered in office time. Meaning, you travel in to work alone. 

Since the AGC role is not a revenue-generating role,  professional development requires a business case and is treated as an exception. Add to that, after a year of employment, I have NEVER met my immediate manager (Chief Legal Counsel)  in person even though the person  is located a brief flight away (under $200). However, this same leader traveled to Europe for meetings. On the bright side, there were frequent visits from those in Paris and those visits always meant meals and more in office presence.  

P&C Insurance Team 
(1) The direct insurance team  is frequently on the move and enjoys nice dinners with one another and clients, business conferences, travel, and recurring team happy hours (business meetings) on office days. You will not be invited, and you will be treated as an “assistant”, when legal assistance is needed. 

(2) Turnover is an issue for this team and it’s not all related to salary. Far TOO many underwriters and other staff leave after a year - ish.  Underwriting leadership talking to others in a way that is anything but professional was commonplace. 

Calculate the net premium cessions owed to various reinsurers, monitor premium schedules, run bordereau
reports, remit payments accordingly.
• Calculate and bill treaty in accordance with contract agreement (Pro Rate or Excess Loss).
• Maintain, monitor and reconcile general ledger accounts with reinsurance systems (OMEGA) to ensure accuracy.
• Ensure proper statement coding of accounts, cash receipts, and perform journal entries.
• Prepare and analyze financial reinsurance and ad hoc reports (monthly, quarterly, and annually).
• Provide the cash application unit with clear instruction on how to allocate payments made or receipts requested.
• Preparation of Schedule F pages of the Quarterly and Annual Statement.
• Calculate funding requirement for letter of credit; documents debits/credits and transaction following UCP regulations.
• Assist in the on-going process improvement and documentation of accounting policies and procedures.

There is no work/life balance.  Expectation is you will work as much as possible regardless of having a home life.  Management does not treat everyone the same.  You can be a slacker and nothing is done to you, but if you are a hard worker then the bar for the expectations they have of you are so high it is ridiculous.  You are also going to be called on and expected to take up the slack of those that are slacking.  Reorg's often and only those favorites (the yes people) of the managers are promoted and higher level managers keep going higher even when they shouldn't be.  Very low raises each year, less than half the cost of living, which you won't get till approximately July.  Never was rated above "Meeting Expectations" during year end review even though many improvements were made or goals met.

Good company, horrible manager. She created a divisive environment for the purpose of controlling her subordinates. She often caused friction between her and the underwriters, which spilled over into the relationships they had with her underwriter assistants. Some of the UWs were good to work with, others were not, and it was often because of the friction between her and the UWs. There was little to no advancement, sk you could  not get away from that environment unless you left the company altogether. Ultimately, that's what I had to do. It was unfortunate because the company itself is a good company. I value my experience working there, but I made the necessary move for my career and well being to leave.

There is no job security, we are all just waiting to be let go (and most are looking forward to it). Male heavy company. Executives are  in Europe and don't really seem to support US. Management and morals arent' used in the same sentence. Compensation is usually pretty good and the insurance is great. Hardest part of the job is trying to satisfy multiple bosses with different priorities. The reporting structure is very odd and there are dotted-line relationships everywhere. The office is fairly new and very nice. They pay for parking.

This was my first contract position, benefits were not a part of my hiring process. Hence the reason for the one star rating.  The job description sounded amazing and I more than had the experience. However, I was a little disappointed with the single task I was taught. After 4 months and continuous requests to learn more; I was continuously put at arms length. I decided to leave. If you enjoy mindless and redundancy that position would be great. Thank you for reading.

•	In charge of collecting and reviewing balance sheet reconciliations for New York Office-4 companies.
•	Analyze daily cash receipts for treasury cash application process.
•	Perform Intercompany balance sheet and income statement reconciliation for US Company quarterly.
•	Perform and review monthly bank reconciliations and review expenses monthly for consistency and analysis for non-insurance companies.
•	Verify and review accounts payable transactions

I felt like I could be productive in my work environment, and like my fellow employees enjoyed their work there.  I was treated very well as an intern there, and everyone was so friendly and helpful. I felt comfortable going to anyone when I needed help or had questions. I learned a lot about being in a workplace and working to meet needs and time constraints.

Each day at work was great because our department is small and our team worked well together. We managed ourselves and maintained our daily requirements. The company was diverse with regards to people. The hardest part of my day was makisng sure i completed my work and prepare for desk for the following day. The most enjoyable part of the day is arriving at the office.

What is the best part of working at the company?
It was awful due to senior management 

What is the most stressful part about working at the company?
Upper management lacked leadership and unrealistic expectations 

What is the work environment and culture like at the company?
Extremely toxic due to upper management 

What is a typical day like for you at the company?
Very unpredictable due to how the mood of upper management

Top Job Titles	Average Salary
Actuary 13 salaries reported	$141,135 per year
Assistant vice president 10 salaries reported	$185,750 per year
Underwriter 1 salary reported	$130,250 per year
Vice president 1 salary reported	$220,000 per year
Portfolio manager 2 salaries reported	$82,500 per year

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