Associate Actuary (Inforce Optimization)

SCOR is committed to an “in-office” culture where people can collaborate, exchange ideas, and establish stronger working relationships while still providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.

The Inforce Optimization Department is a dynamic, collaborative, evolving department that provides opportunities to work on joint actions and independent work assignments.

Responsibilities

• Provide timely and accurate actuarial support for actions to be taken by SCOR to optimize its inforce block
• Review treaty terms, assumptions, and pricing files
• Perform premium validations to ensure client companies are paying correct premiums
• Update models that inform inforce analytics
• Clearly communicate project progress and impediments and recommend next steps
• Identify and report actuarial risks as required for the group and legal entity risk dashboards
• Analyze various courses of action on underperforming business that management may consider in selecting the optimal approach
• Assist team in completing ad hoc requests
• Other duties as required and based on experience level

Qualifications

• ASA/FSA designation preferred. ASA level encouraged to participate in the Actuarial Student Program until FSA is obtained.
• At least 3-5 years of life insurance actuarial experience (reinsurance experience a plus)
• Demonstrated analytical skills with a proven track record of strong problem-solving
• Prior Actuarial software experience with demonstrated ability to understand complex models
• High level of computer literacy: strong skills in MS Office, particularly Excel, and ability to learn MS Access, SQL, and VBA.
• Highly motivated self-starter
• Ability to work independently and as part of a team
• Ability to understand and consider the broad picture while researching details
• Understand pricing, valuation methods, and financial results
• Strong interpersonal and communication skills
• Ability to identify and implement departmental processes and controls and ensure appropriate documentation

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.

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.