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SCOR is hiring an

Actuary (South Asia Valuation)

This exciting role places you in SCOR’s South Asia L&H valuation team.

The team performs valuation activities for the South Asia macro-market, covering 3 offices writing business in c.20 countries. As a member of the team, you will support key valuation tasks and work alongside other teammates attached to the same project(s).

You will support the team in a broad range of valuation activities, which includes reporting for IFRS17, Solvency II, and the various Local Statutory Bases. You may also support non-reporting valuation activities such as model development, stress tests, and experience analysis. You will have a high degree of responsibility and autonomy while carrying out these tasks.

You will have the opportunity to liaise with colleagues across the SCOR group in the process of carrying out your work tasks. You will also participate in various projects including process enhancements, modeling improvements, and data management.

About the Team: South Asia L&H valuation team

The South Asia L&H valuation team is based in SCOR’s offices in Singapore, but performs valuation for SCOR’s India, Labuan, and Hong Kong offices. The South Asia macro-market is a key contributor to SCOR’s overall APAC business. The team is led by the Head of L&H Reserving, South Asia.

About the Department: APAC Actuarial

The APAC Actuarial team is based in SCOR’s offices in Singapore, Sydney, Beijing, and Seoul, and covers both Life & Health and Property & Casualty business. This includes business written in c.30 countries and 13 legal entities in the region. We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders. The department is led by the Chief Reserving Actuary for Asia Pacific.

Responsibilities

Key duties and responsibilities

1. Group reporting

  • Support the booking and estimates of IFRS provisions and accruals
  • Support the IFRS17 and Solvency II reporting
  • Produce quarterly / yearly deliverables on a timely basis and in good quality. Provide value-adding insight on drivers of the movements in results and experience emergence.
  • Identify process deficiencies or possible enhancements (if any), work with the team to improve these points.

2. Local Statutory Reporting

  • Support the local statutory reporting of one of the South Asia sub-markets.
  • Produce quarterly / yearly deliverables on a timely basis and in good quality. Provide value-adding insight on drivers of the movements in results and experience emergence.
  • Identify process deficiencies or possible enhancements (if any), work with the wider team to improve these points.

3. Other Activities

  • Support the wider team on various projects such as process enhancements, modeling improvements, and data management.

Qualifications

Required experience & competencies

  • Good progress on actuarial exams. Associate level actuary preferred (ASA, AIA, AIAA, or equivalent)
  • At least 4 years of relevant working experience in insurance / reinsurance fields
  • Good understanding of financial reporting and valuation
  • Proficient in Microsoft Office suite (e.g. Word, Excel, Access, PowerPoint) is required. Proficiency in Prophet, SQL, and Python is a plus.
  • Enjoys working at pace, in a close-knit team
  • Demonstrates curiosity and enthusiasm for continuous improvement
  • Good problem-solving skills
  • Excellent communication and interpersonal skills
  • Interest in career and skill development

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 an 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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