Pricing & Research Longevity Actuary

Job Description

SCOR’s Global Longevity team is already a leader in the longevity reinsurance market. We have developed expertise in the UK bulk de-risking market over the past decade providing longevity protection to insurers and pension schemes to help them keep their financial promises to annuitants and pensioners.

We have also developed expertise in the individual annuity market with a focus on the use of medical underwriting and our technical knowhow enables us to price longevity for a range of different health conditions at retirement. Our success has not been limited to the UK market as we have also played a pioneering role in international territories in Europe and North America.

• Contributing to all aspects of understanding, pricing and managing longevity reinsurance risks, enhancing SGL Global Longevity team’s ability to write profitable new business.
• Lead the production of technical pricing for Longevity tenders which includes experienced analysis, proposal of basis, rate production, KPI metrics, and supporting documentation.
• Support the Head of Pricing on business referrals with Group sign-off teams based in Paris, Cologne and Ireland.
• Support new business execution.
• Lead the technical development of new products/ propositions.
• Manage the maintenance and development of Longevity pricing processes and tools.
• Lead or support research and ad-hoc projects.
• Assist in the development of junior team members.

Responsibilities

• Lead the production of quote tenders including the production of quote pricing basis (base table, improvements, marriage assumptions and KPI metrics).
• Produce accurate rates within specified timeframes and accurate documentation to support quotes.
• Ensure pricing basis conforms with SCOR Global Life Annuity pricing guidelines and that key pricing issues/ risks are highlighted early.
• Support new business execution.

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

• Lead the technical development of new products/ propositions.

• Lead/ assist Longevity research projects.
• Assist ongoing innovation of pricing basis which enable SCOR to write profitable new business and develop its product offering.

• Develop client and internal relationships and provide excellent customer service, to help deliver the Longevity team’s objectives.
• Promote team’s technical expertise, internally and externally, help develop team member and educate internal non specialists as necessary.

Qualifications

• Qualified Actuary.
• Educated to degree level with excellent academic track record or equivalent experience.

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.