Minneapolis MN

Intern

Part Qualified

Associate

Qualified

Life

Investments

Health

Property & Casualty

Reporting

Reinsurance

Risk

Systems

Experience Analysis

Coding

Pricing

Excel

SCOR is a global reinsurance company based in France. Established in 1970, it offers risk transfer and risk management solutions to insurers and other clients worldwide. With a diverse range of reinsurance products and services, SCOR operates in various sectors, including life, property, casualty, and specialty lines, serving as a strategic partner for managing risk.

SCOR

Job DescriptionSCOR’s U.S. Internship Program offers a unique opportunity for students to explore a career in actuarial science by working with the Group Life and Accident Reinsurance team. Interns will assist actuaries in key areas such as pricing, risk management, and financial reporting, with a primary focus on monitoring risk concentrations within the portfolio.This internship is designed to be flexible, allowing students to work approximately 12–16 hours per week during the academic year and transition to full-time hours during the summer. The hybrid work schedule supports a balance between professional development and academic commitments, providing valuable exposure to the reinsurance industry and actuarial practices.Responsibilities<ul><li>Support the actuaries and underwriters through active participation in projects and meetings.</li><li>Communicate and collaborate with other SCOR employees, both in Minneapolis and globally, to successfully complete projects and team goals.</li><li>Assist with concentration data management.</li><li>Assist in research to supplement pricing and risk management where needed.</li><li>Prepare project related reports and presentations.</li><li>Other actuarial related activities in support of the team.</li></ul>Qualifications<ul><li>Pursuing undergraduate or graduate degree in Actuarial Science, Mathematics, or Statistics.</li><li>Passed at least one actuarial exam.</li><li>Analytically minded with strong communication skills.</li><li>Proficient in Excel and working with data.</li><li>Comfortable learning new software or programming languages.</li><li>Preference for students in an Actuarial Science program.</li><li>Demonstrated success in passing actuarial exams.</li></ul>Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.Hybrid work policySCOR is committed to an “in-office” culture where people can collaborate, exchange ideas and establish stronger working relationships while still providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.Pay Range: $26.00 - 28.00 hourly rate. Actual salaries may vary based on various factors including but not limited to location, experience, role, and performance.About usAs 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.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.

Key duties and responsibilities<ul><li>Support the actuaries and underwriters through active participation in projects and meetings</li><li>Communicate and collaborate with other SCOR employees, both in Minneapolis and globally, to successfully complete projects and team goals</li><li>Assist with concentration data management</li><li>Assist in research to supplement pricing and risk management where needed</li><li>Prepare project related reports and presentations</li><li>Other actuarial related activities in support of the team</li></ul>Required experience &amp; competencies<ul><li>Analytically minded with strong communication skills</li><li>Proficient in Excel and working with data</li><li>Comfortable learning new software or programming languages</li><li>Preference for students in an Actuarial Science program</li><li>Demonstrated success in passing actuarial exams</li></ul>Required Education<ul><li>Pursuing undergraduate or graduate degree in Actuarial Science, Mathematics, or Statistics.</li><li>Passed at least one actuarial exam.</li></ul>

Opportunity to work approximately 15-20 hours per week throughout the spring semester, and then full time during the Summer as part of SCOR's U.S. Internship Program. Opportunity to continue into the Fall 2024 school year as well. Flexible, hybrid work schedule allows Interns to gain valuable professional experience balanced with school.Responsibilities<ul><li>Support the actuaries and underwriters through active participation in projects and meetings</li><li>Communicate and collaborate with other SCOR employees, both in Minneapolis and globally, to successfully complete projects and team goals</li><li>Assist with concentration data management</li><li>Assist in research to supplement pricing and risk management where needed</li><li>Prepare project related reports and presentations</li><li>Perform other actuarial related activities in support of the team</li></ul>Qualifications<ul><li>Pursuing undergraduate or graduate degree in Actuarial Science, Mathematics, or Statistics.</li><li>Passed at least one actuarial exam.</li><li>Analytically minded with strong communication skills</li><li>Proficient in Excel and working with data</li><li>Comfortable learning new software or programming languages</li><li>Preference for students in an Actuarial Science program</li><li>Demonstrated success in passing actuarial exams</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

Opportunity to work approximately 15-20 hours per week throughout the spring semester, and then full time during the Summer as part of SCOR's U.S. Internship Program. Opportunity to continue into the Fall 2024 school year as well. Flexible, hybrid work schedule allows Interns to gain valuable professional experience balanced with school.Responsibilities<ul><li>Support the actuaries and underwriters through active participation in projects and meetings</li><li>Communicate and collaborate with other SCOR employees, both in Minneapolis and globally, to successfully complete projects and team goals</li><li>Assist with concentration data management</li><li>Assist in research to supplement pricing and risk management where needed</li><li>Prepare project related reports and presentations</li><li>Perform other actuarial related activities in support of the team</li></ul>Qualifications<ul><li>Analytically minded with strong communication skills</li><li>Proficient in Excel and working with data</li><li>Comfortable learning new software or programming languages</li><li>Preference for students in an Actuarial Science program</li><li>Demonstrated success in passing actuarial exams</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

Responsibilities<ul><li>Involved in setting the strategic direction of the Group Reinsurance team.</li><li>Work with the VP, Actuary – Group Reinsurance and others within SCOR to support financial reporting, experience analysis and reserving of the Group Reinsurance business and coordinate information and support for the financial and operations staff.</li><li>Involved in all aspects of risk management such as pricing of in-force and new accounts, underwriting, product development, data capture, concentration risk analysis and establishment of proper guidelines and procedures.</li><li>Responsible for developing and maintaining Local Pricing and Underwriting Guidelines as it relates to U.S. Group Life &amp; Accident reinsurance business.</li><li>Conduct concentration analysis of Group reinsurance volume, utilizing software for this purpose and directing staff to perform research. Analysis shared with SCOR Risk function to ensure risk is properly managed.</li><li>Develop renewal strategies to meet SCOR profit goals.</li><li>Develop tools to assist in pricing and risk assessment.</li><li>Complete projects, including research and development, for the benefit of in-force clients and to meet specific client requests.</li><li>Travel periodically to meet and build relationships with clients, prospects and brokers, including travel to present at industry conferences</li><li>Ensure adherence to ERM controls and processes</li></ul>Qualifications<ul><li>5-10 years of Group Life experience (preferred)</li><li>5 years of insurance or reinsurance experience</li><li>Other relevant actuarial experience that is transferrable to Group Reinsurance</li><li>Potential to manage staff based on career development</li><li>BA/BS degree or equivalent</li><li>Actuarial Credentials (preferred)</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

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