Actuary, Financial Development Innovation

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.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.

Job Summary

The Corporate Actuarial team is seeking an energetic individual to help drive the transformation of SCOR's actuarial modeling processes, capabilities and analytics. This includes model development and maintenance, process improvement, updating key actuarial assumptions and special projects. This role is project based and will have the opportunity to work with a wide variety of different teams including Experience Analysis, Legal, Inforce Optimization, Finance, Pricing and more.

Responsibilities

• Support actuarial modeling projects at SCOR US, such as annual assumption updates, inforce management projects, and legal entity optimization projects, and be a key contributor/leader to other company-wide strategic projects
• Partner with valuation and reporting teams, working closely on model and process improvements and enhancements for actuarial reporting
• Perform financial impact assessment and support the explanation of financial results and business impacts to senior leadership team
• Serve as a point of contact for stakeholders to define business requirements, update model capabilities as needed and interpret and present results
• Ensure appropriate and auditable controls, reconciliations and documentation are maintained with respect to valuation, economic reporting and modeling
• Build and maintain relationships with colleagues throughout the SCOR Group

Desired Qualifications

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellence
• Fellow of the Society of Actuaries (FSA) designation (or equivalent)
• Must have 5+ years' proven financial modeling leadership and management experience in the insurance or reinsurance industry
• Experience with financial modeling, assumption updates, and cash flow analysis
• Deep expertise with actuarial modeling software, preferably Prophet
• Expertise in actuarial database software, including SQL
• Experience with workflow tools like Alteryx, or scripting language like Python a plus
• Experience with BI and analytics tools, e.g. Tableau
• Expertise in IFRS, Solvency II (or similar economic value reporting method), preferably for traditional life type products
• Experience with life and annuity products
• Strong interpersonal and communication skills, including verbal, written, and relationship-building
• Ability to work efficiently and effectively in a team setting
• Demonstrated ability to understand complex models and perform valuation and analyses to deliver required results
• Demonstrated ability to understand broader picture and impact of decisions
• Demonstrated ability to identify and implement departmental processes and controls and ensure appropriately documented
• Able to balance the need for continuous improvement with the rigor and controls required of a valuation function responsible for producing key inputs to the financial statements