Senior Pricing Actuary

Job Summary

The role covers all aspects of:

• Independently performing P&C treaty/MGA portfolio pricing
• Regularly contributing to the development of pricing methods and tools
• Participating actively in the development of market benchmarks
• Working closely with underwriters to deepen market knowledge and gather specific deal information
• Identifying key drivers impacting portfolio performance to support underwriting in decision-making and drive company growth in the region
• Providing technical guidance and training of junior staff and interns
• Leading market and actuarial projects

Responsibilities

• Drive Transactional Pricing: The individual in this role will independently execute the following tasks with a high level of expertise:
• Provide risk assessment of contracts and offer technical support to Underwriting teams through transactional pricing and modelling.
• Deliver ad-hoc services for Underwriting and external clients as needed.
• Contribute to the calibration of pricing parameters in xAct, under the guidance of the Central Pricing Team (CPT).
• Drive performance and profitability analyses in collaboration with the portfolio monitoring team.
• Assist in R&D activities to improve SCOR’s view of risks and the pricing and modelling models.
• Participate in the development and sharing of knowledge across teams.
• Business Partner to Underwriting: Work alongside underwriting colleagues to analyse and price reinsurance contracts in accordance with guidelines and deadlines.
• Identify and communicate key risk loss drivers.
• Provide insights for and participate in the planning process.
• Regularly participate in client meetings to better understand client/market risks, giving structural advice and new ideas.
• Influence decision-making: Influence business decisions by providing pricing recommendations and participating in strategic committees on planning and performance steering for the region.
• P&M activities, processes and methods improvement: Participate in the evaluation and enhancement of the P&M processes, workflows, methods, and tools.
• Projects: Participate in projects, interacting closely with other regions and working with P&C Operations and other stakeholders.

Qualifications

• At least 5 years’ 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.
• Knowledge in P&C lines of business and reinsurance underwriting is an advantage.

Personal Competences

• 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.
• Advanced communication and collaboration skills with effective interpersonal verbal and written skills.
• Advanced analytical and problem-solving skills.
• Good business acumen – synthesizes analytical skill with business insight.
• 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.
• Willingness to travel in the region.

Required Education

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

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 an international company, our common culture is defined by “The SCOR Way,” 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.