Senior Actuarial Analyst (Financial Innovation)

Responsibilities

• Support actuarial modeling projects at SCOR US, such as annual assumption updates and quarterly inforce management projects and be a key contributor to other company-wide strategic projects.
• Support and advocate a culture of learning and innovation within the team to deliver and enhance tools, processes, and metrics that advance the understanding of our business and optimize the team's efficiencies.
• Perform financial impact assessment and support the explanation of financial results and business impacts to senior leadership team at SCOR.
• Enhance and improve current actuarial modeling and reporting processes, convert targeted business onto actuarial models, and support regular model releases.
• Communicate actuarial analyses and results to business unit management.
• Provide support to other areas such as accounting, FP&A, and data management.
• Complete governance documentation and deliver results through the governance process.
• Ensure that appropriate and auditable controls, reconciliations and documentation are maintained with respect to valuation, economic reporting and modeling.
• Partner with valuation and reporting teams, working closely on model and process improvements and enhancements for actuarial reporting.
• Build and maintain relationships with colleagues throughout the SCOR Group.
• Complete special assignments and projects for the department as necessary.
• Provide occasional support for quarterly production work, where needed.

Qualifications

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellence.
• Actively pursuing associateship designation from the Society of Actuaries (or equivalent)
• Must have 3+ years actuarial experience with financial valuation, modeling, cash flow analysis in the insurance or reinsurance industry.
• Technically astute within the actuarial discipline and industry software applications.
• Expertise in IFRS, Solvency II (or similar economic value reporting method), preferably for traditional life type products.
• Experience with life and annuity products.
• Strong interpersonal and communication skills, including verbal, written, and relationship-building.

Preferred:

• Ability to work efficiently and effectively in a team setting.
• Demonstrated ability to work as a collaborative team member in an intellectually vibrant and commercially sophisticated environment.
• Ability to work in a fast-paced, dynamic environment, maintaining an agile mindset.
• Demonstrated ability to understand complex models and perform valuation and analyses to deliver required results.
• Demonstrated ability to identify and implement departmental processes and controls and ensure appropriate documentation.
• Able to balance the need for continuous improvement with the rigor and controls required of a valuation function responsible for producing key inputs to the financial statements.
• Experience with actuarial modeling software (Prophet preferred), database, and reporting tools.
• Experience with workflow tools like Alteryx, or scripting language like Python a plus.
• Experience with BI and analytics tools, e.g. Tableau.

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.