Summer Intern (Actuarial Function)

The Opportunity

The Actuarial Intern, based on experience, will work closely with a qualified member of the Americas P&C Actuarial Reserving team, providing projections of reserve balances in a collaborative environment. She/he will also participate in the quarterly close process and work on other projects consistent with candidate abilities and interests as well as Company needs.

Responsibilities

• Assist with reserving analyses for selected lines of business to include analysis of reserving assumptions and selection of best estimate indications
• Support the quarter close process to ensure accuracy of booked results under all applicable accounting standards
• Perform ad doc risk analyses / line of business studies as required

Qualifications

Experience:

• Prior internship experience in pricing or reserving in an actuarial department of an insurance / reinsurance / consulting company is a plus
• Successful completion of one or more actuarial exams of the Casualty Actuarial Society, or equivalent credentialing organization

Personal Competences:

• Exposure to (re)insurance concepts with a preference towards commercial lines of business
• Communication skills with the ability to present results to various colleague constituencies
• Ability to develop professional relationships across functional areas such as Claims, Underwriting, Financial Accounting, Actuarial Pricing
• Ability to understand numbers and analyze drivers of change
• Enjoys being a team player and is passionate about learning and sharing knowledge
• Microsoft Office skills, especially Word and Excel
• Exposure to programming tools such as VBA, R or Python is a plus
• Exposure to Tableau or other data visualization tools is a plus
• French speaker is a plus

Required Education

Bachelor's degree track, preferably in Actuarial Science, Finance, Mathematics, or Statistics

About us

SCOR’s aim, as a Tier 1 global reinsurance company, is to develop its Life and P&C business lines and provide its clients with value-added solutions. The company pursues an underwriting policy based on profitability and maintains a conservative investment strategy. 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).