Pricing Actuary (Credit & Surety)

You will be in charge of the actuarial pricing of the Credit & Surety – Political Risks (C&S-PR) and Inherent Defect Insurance (IDI) businesses.

Responsibilities

• Acts as back-up for other pricing actuaries in the global lines pricing.
• Proactively interacts with underwriting specialists and client relationship managers to come up with viable and innovative solutions.
• Ensures communication with other team members and pricing actuaries in other locations.
• Pays joint visits together with client relationship managers and/or underwriting specialists to existing and prospective clients.
• Leads or contributes to projects which provide customer service, in coordination with the others C&S-PR and IDI Pricing actuaries and the underwriters, and under the responsibility of the Leader Actuary for the PR.
• Develops actuarial assumptions, parameters, methods, tools and processes appropriate for the assigned market(s) and for pricing in general.
• Works with other pricing actuaries on actuarial projects.
• Provides predictable and high-quality service to the underwriting team and clients.

Requirements

• Actuarial qualification or readiness to aim for it or University degree in Actuarial science, Mathematics or similar subject.
• Shares know-how and technical knowledge, fosters a collaborative team spirit, is a pro-active team member and open-minded.
• Shows attention to detail and accuracy.
• Is curious and shows an interest to also work on topics outside own core area of competencies.
• Independent analyzer and thinker while coordinating and working effectively with others and the team.
• Proactive and solutions-oriented approach towards business problems and process improvements.
• Strong social and communication skills.
• Sound working knowledge in R / R shiny, VBA.
• Has excellent technical capabilities in actuarial pricing and relevant years of work experience.
• Ideally, has a good understanding of the C&S-PR and IDI lines of business and/or other lines of business.
• Is up-to-date with new/emerging knowledge in actuarial pricing as well as in respect of major markets and underwriting related issues.
• Able to create viable and innovative solutions that outperform competitors and differentiate SCOR.
• Required languages: English (Oral and Written); French is a plus (Oral and Written).

About SCOR

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.