Actuarial Intern (Inforce Optimization)

Job Description

The Inforce Optimization Intern is part of a team that collaborates to analyze underperforming business and calculate an appropriate rate increase. The intern works closely with other team members to build models supported by close reading of reinsurance treaties. Using actuarial principles, the team sets assumptions and projects the expected performance of the business.

The intern will assist in summarizing background information and rate increase recommendations for governance. The position involves significant work in Microsoft Excel, and also work with PowerPoint and Palantir Foundry.

Responsibilities

• Complete all projects that inform inforce analytics in a timely manner as assigned by manager.
• Actively participate in team meetings.
• Prepare standardized project-related reports and PowerPoint presentations to communicate project status, issues, successes, etc.
• Collaborate with various key stakeholders such as Finance and Legal.
• Assist team in completing ad hoc requests.
• Work with Manager and Intern Lead to ensure that all expectations and goals are being met. Ask questions as needed.
• Comply with all SCOR policies and procedures.
• Make Final Presentation during Program Wrap-Up.
• Provide feedback on the program and offer suggestions for improvement.

Qualifications

• Pursuing degree, preferably in Actuarial Science or Mathematics.
• Passed at least one actuarial exam.
• Understanding of statistical and mathematical concepts.
• Competent PC skills (particularly Excel and other Microsoft Office product exposure).
• Ability to work effectively both independently and as part of a team.
• Curiosity - Demonstrate an appetite for learning and growing knowledge. Choose appropriate means for learning from independent research to trial and error to asking for help from a more experienced colleague.
• Strong communication – Formulate ideas, express thoughts clearly, ask questions, explain reasoning.
• Commitment to learn and execute job function. Bring excitement, skill, and insight to every assignment and contribute to the success of the Group.

Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

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.

Pay Range: $26.00 - 28.00 hourly rate. Actual salaries may vary based on various factors including but not limited to location, experience, role, and performance. The range listed is just one component of SCOR's total compensation package for employees.

About us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.