Pricing Actuary (P&C)

The pricing actuary will serve as a key member of the US P&C Treaty pricing team supporting business written by the US Casualty Underwriting team. Their primary responsibility is to price US Casualty treaties, advise the underwriting team on important pricing matters, conduct pricing-related studies, and develop and maintain pricing models and parameters.

This position could be also staffed at the AVP or VP level, depending on the experience of the candidate.

Responsibilities

• Work closely with underwriters to analyze and price reinsurance contracts, quantify the impact of contract features, provide an understanding of the key risk loss drivers and interpret KPIs and pricing volatilities.
• The US casualty portfolio covers a broad range of lines of business including but not limited to general liability, commercial auto, umbrella, excess liability, cyber, D&O, and E&O.
• Perform pricing-related studies to stay up to date with new/emerging knowledge in actuarial pricing as well as in respect of major market and underwriting-related issues.
• Develop and update pricing parameters including loss trends, rate changes, loss development factors, benchmark loss ratios, etc. Help quantify the impact of updated pricing parameters.
• Manage, maintain, and enhance the Rate Adequacy Tool and respond to ad-hoc data requests
• Assist in studies to improve pricing methodology, monitoring portfolio, and creating portfolio monitoring tools.
• Contribute ideas to improve the efficiency of pricing process.

Qualifications

• 3+ years of P&C pricing experience with exposure to large account pricing and/or reinsurance preferred
• Proficiency in Excel, SQL, R, Python, or similar
• Strong analytical skills and ability to manipulate or handle large datasets
• BS in Actuarial Science, Mathematics, Statistics, or a related field
• Passed at least 3 CAS 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.

Equal opportunities

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.