Actuary (Financial Development)

The Corporate Actuarial team is seeking an energetic individual looking for opportunities to participate in the transformation of actuarial modeling and reporting processes. You will be responsible for the actuarial modelling of the Life block of business.

This includes modeling developments and improvements, model maintenance and release, model change management process, updating key actuarial assumptions, special projects including the IFRS17 implementation.

Responsibilities:

• Enhance and improve current actuarial modeling and reporting processes, convert targeted business onto the actuarial models, and support regular model releases.
• Proactively seek out opportunities to eliminate manual processes and further automate the existing reserving processes and share technology solutions with other associates.
• Support the build-out of governed model development and release process that are both flexible to adapt to change in priorities and well controlled.
• Maintains comprehensive documentation of actuarial models and support model change management process.
• Coordinate with stakeholders across the global organization and assist the delivery overall IFRS 17 program.
• Ensure that appropriate auditable controls, reconciliations, and documentation are maintained.
• Work with financial reporting teams, both actuarial and broader finance, to ensure analytical capabilities required for managing the business under IFRS 17 are available.
• Look for areas of improvement and alignment between Solvency II and existing IFRS reporting processes.
• Develop actuarial assumptions to use in actuarial reserving.
• Communicate actuarial analyses and results to business unit management.
• Provide support to other areas such as accounting, FP&A, data management.
• Build and maintain relationships with colleagues throughout the SCOR Group.
• Mentor and coach junior associates to provide knowledge and growth opportunities.
• Complete special assignments and projects for the department as necessary.

Qualifications:

• FSA (or equivalent) designation from the Society of Actuaries.
• 5+ years’ experience with modeling or financial reporting experience.
• Deep experience with actuarial modeling software (Prophet preferred).
• Deep experience with life and annuity products.
• Strong interpersonal and communication skills, including verbal, written and relationship building.
• Ability to work efficiently and effectively in team setting.
• Ability to work independently and direct work to junior resources.
• Demonstrated ability to understand the broader picture and impact of decisions.
• Demonstrated ability to understand complex models and perform valuation and analyses to deliver required results.
• Demonstrated ability to identify and implement departmental processes and controls and ensure appropriate documentation.
• Rapid and consistent increase in responsibilities in an organization.
• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellence.

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.