Junior Pricing Actuary

Job Description

A Pricing Actuary to support our Singapore hub P&C reinsurance business sourced from the APAC region (property, engineering, casualty, marine, credit & surety). The role covers all aspects of pricing, model and pricing tool development, market rate knowledge and benchmark analysis as well as specific deal information working closely with the underwriters.This will be a 6 months contract with a potential to be converted to a permanent role

Responsibilities

• Pricing of reinsurance transactions and internal retrocession treaties
• Contribution to growth and profitability
• Supervision and peer review the work of actuaries from other offices/platforms within/outside of SCOR who are engaged to support the renewal seasons
• Close collaboration with the underwriting team, including attending and travelling to client and broker meetings
• Pricing, data analytics, and product development services for our clients
• Reports on pricing and expected profitability for the Underwriting department
• Interaction with Reserving to assure that the output of the pricing process is reflected initially in Reserving and included in the management reports
• Development of studies to improve pricing parameters and to evaluate the profitability of various segments of business
• Support of the development of actuarial tools and methods, including data analytics
• Appropriate utilisation of pricing and evaluation tools
• Networking on actuarial subjects, both internal and external
• Support of the cat modelling team in respect of the creation and the update of nat cat models including testing

Qualifications

Experience:

• Open to fresh graduates
• Reinsurance treaty experience is a plus
• Good communication skills and experience working with underwriters and clients
• Practical work / programming experience in MS Excel, VBA, SQL, R, Matlab, etc.

Personal Competences:

• Strong pragmatic problem solving capabilities
• Good team spirit, inter-personal competency

Required Education

• University degree in Mathematics or a related discipline with strong focus on maths

Duration

• This will be a 6 months contract with a potential to be converted to a permanent role

About us

SCOR, 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 & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life & Health and Property & 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.