Longevity Pricing Analyst

In this role you will be contributing to all aspects of understanding, pricing and managing longevity reinsurance risks, enhancing SGL’s ability to write profitable new business as well as working on the development of Longevity pricing process and tools and supporting research projects.

Responsibilities

Some of the key areas of responsibility are:

Quote Production:

• Review and analyse data provided by cedant and highlight any issues that may delay quote production
• Carry out mortality analysis on client data and suggest quote pricing basis
• Produce accurate rates within specified timeframes and accurate documentation to support quotes
• Ensure pricing basis conforms with SCOR Life annuity pricing guidelines that key pricing issues/risks are highlighted early and suggest appropriate adjustments where required
• Support the Head of Pricing to manage the deal referral process with Group sign-off teams based in Paris, Cologne and Ireland
• Carry out other ad-hoc longevity pricing work as required

Pricing Process and Tools

• Manage the development of Longevity pricing process and tools to improve the accuracy, efficiency and insight gained from process outputs
• Pro-actively suggest improvements to the pricing process and tools
• Ensure process updates are managed in a compliant and documented manner

Research

• Support Longevity research projects
• Assist ongoing innovation of pricing basis which enable SCOR to write profitable new business and develop its product offering
• Keep abreast of major developments in the Longevity research field and the UK Longevity market

Relationships

• Provide excellent customer service, both internally and externally, to help deliver the Longevity Team’s objectives
• Promote the team internally and externally, and educate internal non-specialists about longevity matters as necessary

Change Management

• Pro-actively suggest improvements in the pricing and support business management process

QualificationsRequired experience & competenciesExperience:

• Recent life/annuity experience
• Experience of working with pension scheme data and knowledge of typical scheme rules
• Experience of conducting mortality analysis

Personal Competencies:

• Excellent analytical skills
• Attention to detail
• Self-motivated / proactive
• Team player
• Excellent communication and interpersonal skills
• Customer focussed – ability to communicate effectively with clients by phone/email.

Required Education

• Educated to Undergraduate degree level in a relevant subject (Mathematics / Statistics / Actuarial Science / Etc…) with an excellent academic record or equivalent.
• Demonstration of a good process of passing actuarial exams.

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.