Associate Pricing Actuary

The Associate Actuary – U.S. Pricing is responsible for timely completion of key transactional processes associated with pricing a deal within the approved pricing authority limit.

The Associate Actuary – U.S. Pricing is responsible for timely completion of key transactional processes associated with pricing a deal within the approved pricing authority limit, assisting other team members with larger and more complex deals, completing peer review of assumptions, models, results, and reporting, developing, and maintaining strong relationships with the Client Service deal team.

Responsibilities

• Client experience and mortality assessment
• Pricing assumption setting
• Identification and quantification of risks in the proposed transaction and identification of mitigating structures or strategies
• Creating actuarial numeric data models, including liability population cells / data tables / other structures needed to properly price business.
• Generating model runs and sensitivities; verifying results are accurate; completing analysis to quantify changes in assumptions, methods, required reserves, product features and premiums, etc.
• Working with the Client Service deal team to gain approval from the Global referral Business Acceptance teams for deals above local authority limits.
• Completing documentation and reporting as required, ie SQP, CART, SalesForce
• Completing analysis and providing information required for potential internal retrocession.
• Completing deal communication and hand-off to valuation/modeling teams for final, accepted deals
• All work is to be completed within the established Price Reinsurance ICS Process and SGL Pricing Guidelines

In addition:

• Work collaboratively with team members to complete pricing efforts for deals above approved authority limit.
• Work with the US Pricing Team to deliver a quality and timely priced product to meet customer needs.
• Complete necessary analysis required for client requested treaty amendments, make recommendation on acceptance of proposed change.
• Develop and maintain strong partnership with marketing actuaries and account executives.
• Work with Corporate Actuarial staff and counterparts to continually improve data modeling, establish valuation numbers, and hand off controls.
• Assist other departments on various corporate projection work (e.g., budget projections, VNB, etc.)
• Continue ongoing enhancements to performance management capabilities.
• Assist on various projects involving Growth & Development initiatives as they arise.
• Research technical topics, share knowledge, provide informed opinion of best course of action, and implement decision in the pricing process and models.
• Own at least one area of pricing expertise; serve as team subject matter expert.
• May perform other duties as required.

Qualifications

• At least 5 years of life actuarial experience, including two years or more in a pricing and product development role; reinsurance industry experience preferred.
• Prophet and/or AXIS experience.
• Solid mathematical analysis skills with strong problem-solving ability.
• Demonstrated skills in identifying business needs, prepare and analyze data.
• Excellent verbal & written communication skills.
• Highly motivated/self-starter.
• Must be able to work effectively independently & as part of a team.
• Basic knowledge and awareness of the Agile/SCUM methodology.
• Proficiency in windows-based software (Excel, Access, etc.).
• Project experience desirable.
• Proficiency in one or more life actuarial pricing systems.
• Basic knowledge and awareness of a statistical programming language (i.e., Python, R, etc.).
• Strong computer skills including learning new software and Microsoft Office Products.
• Regular attendance and ability to work extended hours as necessary to meet deadlines.
• Bachelor’s degree in actuarial science, Mathematics, Statistics, Economics, or related field with demonstrated record of academic excellence.
• Minimum ASA with commitment to obtaining fellowship; FSA Preferred.

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.

Hybrid work policy

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.