Pricing Actuary

Job Description

The role involves:

• Executing standard operational pricing tasks
• Contributing to the development of pricing methods and tools
• Participating in P&M projects and studies

Responsibilities

Key duties and responsibilities

Standard operational pricing tasks: Under the supervision and guidance of senior staff, the individual in this role will:

• 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).
• Communicate adequately and collaborate within the nearshore team and with the onshore teams to ensure a smooth renewal process following pricing/modelling guidelines.
• Participate in annual studies, create standard dashboards, and develop and test new methods/tools.

R&D activities:

• Collaborate closely with P&C operations (Non-Cat R&D) to enhance SCOR’s understanding of risks and improve pricing and modelling models.

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, standardization, and streamlining to gain efficiency.

Projects:

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

Help expand SCOR’s Analytical Capabilities:

• Tools: develop code, support testing and maintenance, and collaborate with IT.
• 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:

• Some work experience in the financial services industry, preferably in reinsurance/insurance with a focus on analytical and/or actuarial work.
• Strong mathematical, modelling, and technical background, good knowledge in digital technology.
• Knowledge in P&C lines of business and reinsurance underwriting is an advantage.
• 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.
• Effective communication and collaboration skills with effective interpersonal verbal and written skills.
• Good 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.
• 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, 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.” 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.