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SCOR is hiring a

Senior Actuary (Reporting & Analysis)

Responsibilities

  • This role is responsible to deliver the following analysis across Solvency II and IFRS17 for each legal entity within the SCOR Group which accepts US business:
  • Business partner for US Reserving team with other legal entity reserving teams across the SCOR Group.
  • Ensure the timely and accurate delivery for US reporting and analysis by legal entity.
  • Produce analysis and provide insights to explain the quarterly Analysis of Change in relation to key reserving metrics (IBNP, PVFCF, BEL, CSM), including impacts of model changes, assumption changes and enforce actions (novations, recaptures etc.).
  • Produce analysis and provide insights to explain the annual Capital Model run results, explaining drivers of change across multiple sets of sensitivities by having a solid understanding on business composition.
  • Liaise with SCOR’s Life Risk Modelling team to understand and explain the impacts to Risk Adjustment, Risk Margin, Own Funds, and Solvency Capital Requirement.
  • Provide support through the annual assumption review in assessing and explaining impacts by legal entity, working closely with the wider US Reserving team.
  • Partner closely with wider US Reserving team to ensure analysis by legal entity is consistent with analysis for the overall US view.
  • Partner closely with the SGLA’s Financial Controller’s cashflow production team to ensure appropriate controls are in place to cover legal entity reporting.
  • Support legal entity reserving teams across the Group with specific audit or regulatory queries in relation to US business.

The role will have a clear focus on transformation and simplification:

  • Review and enhance the process to produce legal entity results, focusing on building an efficient process throughout the chain which allows delivery of high-quality analytics and insights. Working closely with the wider Reserving teams to deliver on this.
  • Identify opportunities for simplification and propose solutions.

Qualifications

  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellence.
  • FSA (or equivalent)
  • 7+ years’ experience with financial reporting and cash flow analysis or similar.
  • Experience of IFRS17 and Solvency II reporting a definite advantage.
  • Excellent interpersonal and communication skills, including verbal, written and relationship building with ability to present insights to senior leadership.
  • Demonstrated ability to understand broader picture and impact of decisions.
  • Demonstrated ability to understand complex models and analysis to deliver required results.
  • Technically astute within the actuarial discipline and industry software applications. Experience with Prophet & SQL is a plus.
  • Well-organized and a self-directed individual who is a team player.
  • Proven leadership skills and ability to make strategic decisions.
  • Demonstrated ability to mentor junior team members and interns.
  • Ability to build & maintain relationships with colleagues throughout the SCOR Group, within the US and globally.

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.

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.

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.

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