Senior Pricing Actuary

The Senior Pricing Actuary accounts for pricing and pricing governance in assigned property and casualty markets and ensures compliance with global processes, methods and tools. He/She collaborates not only with the local pricing team, but also with other SCOR pricing teams and business functions. The non-life pricing team Cologne in which this position would be located takes care of Scandinavia, Netherlands, Germany and South Eastern Europe.

Key duties and responsibilities

• Responsible for in-time and high quality market pricing
  • Develop local pricing models and benchmarks, collect market knowledge and data
  • Advise local underwriting teams in complex and comprehensive actuarial matters
  • Monitor and ensure day-to-day support for pricing, risk assessment for opportunities, governance and process compliance, feed the tools, and collaborate with Underwriting teams for delivery
  • Participate in client visits to explain and discuss our pricing approaches / support underwriting
  • Support business functions on product development (pricing, risk & profitability).
• Monitor and ensure pricing processes, governance, methods and tools
  • Participate in development of pricing processes (guidelines)
  • Initiate and actively participate in the evolution of global pricing methods and tools
  • Develop training measures for underwriting teams with regard to methods, tools, governance and processes
  • Ensure proper pricing risk management by monitoring of application of processes, e.g. via peer reviews
• Special Projects:
  On demand: Lead actuarial projects

Qualifications

Experience:

• Longtime broad and sound work experience in (re)insurance with a focus on actuarial issues, and significant experience in pricing
• Experienced with statistical and/or actuarial methods
• Advanced IT skills of standard software (MS Office), preferably also in a programming language

Personal Competences:

• Excellent communication skills
• Personal competencies according to company values
• Comprehensive analytical and mathematical skills
• Very good command in English, German language skills would be an advantage

Education

• University degree/Master degree in Mathematics, Actuarial Science, equivalent other scientific discipline or finance qualification
• Membership in actuarial association/qualified as an actuary.

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.