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⛔️ SCOR are no longer taking applications for this job.
Senior Actuarial Analyst
The Actuarial Analyst / Senior Actuarial Analyst, based on experience and qualification, will serve as a key member of the Americas P&C Actuarial Reserving team, providing insightful projections of reserve balances in a collaborative environment. She/he will work closely with Finance, Claims, Pricing, and Underwriting business partners to deliver best-in-class reserve estimates and associated insights. She/he will ensure accuracy in the quarter close balances under all applicable accounting standards (US STAT, SII, IFRS17) and will seek to drive process improvements and efficiencies.
In addition to the above, the Actuarial Analyst / Senior Actuarial Analyst will work closely with the Canadian Reserving Actuary to develop materials for internal meetings to detail and communicate reserving indications, as well as gaining exposure and being a key contributor to Canadian regulatory requirements: Financial Condition Testing and the Appointed Actuary Report.
The incumbent will also support the Chief Actuary, SCOR US to develop materials for SCOR’s independent Board of Directors and provide support for the annual Statement of Actuarial Opinion.
- Perform reserving analyses for selected lines of business to include analysis of reserving assumptions (LDFs, ELRs), selection of best estimate indication, development of the reasonable range, and documentation of key assumptions / rationale
- Partner with Financial Accounting and Closing, Underwriting, Claims, and Actuarial Pricing to develop / deliver well-rounded reserve estimates that provide business colleagues and the SCOR US independent Board of Directors with actionable business insights
- Support the quarter close process to ensure accuracy of booked results under all applicable accounting standards
- Collaborate with reserving teams outside of the Americas and with SCOR Group Reserving to improve actuarial practices / drive efficiencies within the Global P&C Reserving community
- Support the Canadian Statement of Actuarial Opinion, Financial Condition Testing, and associated exhibits / schedules
- Perform “deep dive” risk analyses / line of business studies as required
- 5+ years of experience in pricing or reserving in an actuarial department of an insurance / reinsurance / consulting company
- Successful completion of 3+ exams of the Casualty Actuarial Society, or equivalent
- Experience with (re)insurance concepts with a preference to commercial lines of business
- Strong communication skills with the ability to present results to internal and external audiences
- Exposure to US/Canada Statutory (re)insurance accounting. Knowledge of / experience with IFRS 17 and statutory/regulatory work (FCT, Actuarial Opinion) is a plus
- Ability to develop / maintain professional relationships across functional areas such as Claims, Underwriting, Financial Accounting, Actuarial Pricing
- Demonstrated ability to understand numbers, analyze drivers of change, and develop actionable insights for business partners
- Passionate about process enhancement, suggesting new approaches / techniques to improve the overall reserving product, and drive efficiencies
- Enjoys being a team player, sharing knowledge and collaborating to achieve team “wins”
- Advanced Microsoft office/Office 365 skills, especially in Excel
- Exposure to programming tools such as VBA, R or Python
- Exposure to Tableau or other data visualization tools
- Knowledge of ResQ and SAP BusinessObjects is a plus
French speaker is a plus.
- Bachelor's degree, preferably in Actuarial Science, Mathematics or Statistics
SCOR’s aim, as a Tier 1 global reinsurance company, is to:
- Develop its Life and P&C business lines
- Provide its clients with value-added solutions
- Pursue an underwriting policy based on profitability, through effective risk management
- Maintain a conservative investment strategy
Therefore, fulfilling our goal to offer our clients an optimal level of security and create value for its shareholders.
SCOR is organized around two main businesses, SCOR Global P&C (Property and Casualty reinsurance) and SCOR Global Life (Life reinsurance), plus an asset manager, SCOR Global Investments. SCOR Global P&C and SCOR Global Life are leading global reinsurers, executing an underwriting policy focused on profitability, developing value-added services, and adhering to a cautious financial policy in order to meet the expectations of their clients in terms of security. The Group has a global reach allowing it to serve the interests of all its clients as effectively as possible.
The Non-Life and Life sectors provide a diversification benefit and contribute in equal measure to the Group's success, providing it with stability and lowering volatility. The Hub Americas covers the geographic region of North, Central and South Americas. Currently, it consists of 15 offices that represent SCOR as legal entities, branches and representative/marketing offices and 800+ employees.
SCOR Reinsurance Company is the principal US Property & Casualty reinsurance subsidiary of the SCOR Group with approximately $2.7B in annual gross written premium and $1.1B of surplus. US affiliate companies include General Security National Insurance Company (Direct) and General Security Indemnity Company of Arizona (Surplus Lines).
⛔️ SCOR are no longer taking applications for this job.
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