Actuary (Financial Solutions)

Job Description

Responsible for ownership of technical aspects of financial solutions transactions, including transaction analysis, actuarial modeling, and deal modeling. Other contributions to deals execution include the support of proposal assembly and obtaining internal approvals.

In addition, the individual will help colleagues with marketing and management reporting. The financial solutions in scope are full risk transfer transactions of inforce business, as well as reserve/capital financing deals of a remote risk nature.

The underlying products include term life, whole life, individual annuities, and group life and health business. The transactional nature of the role is deadline-oriented and will occasionally require unpredictable or extended hours.

Over time, the individual will work towards higher level roles within the team, including term sheet drafting, structuring, client interface, and ultimately deal leadership.

Responsibilities

Perform, peer review or supervise analytic transactional process:

• Detailed actuarial modeling
• Deal modeling
• Risk analysis

Due diligence of underlying products:

• Data analysis
• Assumption review
• Review client-supplied projections

Support origination efforts:

• Client research
• Analysis of potential solutions
• Presentation preparation

Support internal team duties:

• Inforce monitoring
• Internal presentations
• Management reporting

Qualifications

• Bachelor’s degree or equivalent
• Fellow or Associate of the Society of Actuaries
• At least 5 years of life (re)insurance experience
• Actuarial Modeling expertise (in AXIS, Prophet, MG-ALFA and/or other actuarial software)
• US statutory accounting knowledge
• Excel-based modeling experience
• Strong analytic skills including learning new software and utilizing AI

Desirable but not required:

• Project/transaction experience
• Reinsurance experience
• Product development experience

Relocation assistance within the U.S. is available for this position.

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

Pay range for roles performed in NC: $135,000-$165,000 base salary per year. Actual salaries may vary based on various factors including location, experience, role, and performance.

The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long-term incentives.

In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays, and paid time off.

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.

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.