Senior Pricing Actuary

Job Description

At our brand-new Shared Business Platform (SBP) in Bucharest, we offer a dynamic environment where career growth is actively supported through internal mobility, globally recognized certifications, and continuous professional development.

We value work–life balance, offering flexible work arrangements and wellbeing initiatives that help you thrive both personally and professionally.

The role covers all aspects of:

• Independently executing standard operational pricing tasks
• Regularly contributing to the development of pricing methods and tools
• Coordinating and participating in/executing P&M projects and studies

Starting to provide technical guidance and training of junior staff and interns.

Responsibilities

Key duties and responsibilities

Standard Operational Pricing tasks: The individual in this role will independently execute the following tasks with a high level of knowledge and experience:

• Perform standard operational pricing tasks related to data management (checking, capturing, reprocessing, importing) and modelling (loss model creation, data & indices assignment, modelling, calibration, blending, catastrophe accumulation)
• Support the adequate communication and collaboration within the nearshore team and with the onshore teams to ensure a smooth renewal process following pricing/modelling guidelines
• Participation in annual studies, standard dashboard creation, testing and development of new methods/tools

Assist in R&D activities to improve SCOR’s view of risks and the pricing and modelling models, in close collaboration with P&C operations.

Participate in the development and sharing of knowledge across teams.

P&M activities, processes, and methods improvement:

• Participate in the evaluation and enhancement of the P&M processes, workflows, methods, tools, identifying opportunities for automation, standardisation, and streamlining to gain efficiency, focusing on the creation of innovative and tailor-made solutions adapted to the change in portfolio mix.

Projects:

• Participate in projects, working closely with onshore teams and collaborating with P&C Operations and other stakeholders.
• Lead projects.

Help expand SCOR’s Analytical Capabilities:

• Tools: develop code, support testing and maintenance, and collaborate with IT.
• Functionalities: Consult stakeholders to ensure user feedback and findings following the release of new tools are incorporated.
• Data Analysis: extract insights from data to support decision-making within pricing/modelling teams, underwriting functions, and management.
• Dataflows: Maintain and streamline dataflows in Pricing & Modelling, P&C, and Group databases.

Qualifications

Required experience & competencies

Required experience:

• Moderate work experience in the financial services industry, preferably in reinsurance/insurance with a focus on analytical and/or actuarial work.
• Strong mathematical, modelling, technical background, expertise in digital technology.
• Knowledge in P&C lines of business and reinsurance underwriting is an advantage.

Personal Competencies:

• Highly motivated and driven individual who has the maturity to work with a diverse group of personalities.
• Strong work ethics and ability to work in a rapidly changing and complex environment.
• Strong organizational and time management skills required.
• Advanced communication and collaboration skills with effective interpersonal verbal and written skills to communicate with non-technical colleagues.
• Advanced analytical and problem-solving skills.
• Sound knowledge of Microsoft Office (Proficiency in Excel). SQL, GIS, and Programming skills ideally in R or Python.
• Professional Skills in data science, predictive modelling & analytics, machine learning, AI.
• Creative initiative-taker, dynamic and driven, who formulates new concepts and challenges the status quo.
• Self-starter who finds creative solutions and brings a positive attitude to address challenges.

Required Education

• Excellent academic qualifications including a minimum of a bachelor’s degree in mathematics, actuarial science, other scientific discipline (statistics, physics, natural science), economics, or finance.
• An advanced degree (master’s or PhD) would be a plus.
• Insurance qualifications or actuarial credentials are strongly preferred.

English: B2 level (CECRL)

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.

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.

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