Senior Actuarial Analyst (Model Development & Reporting)

Job Description

The SCOR Actuarial model development and reporting team is seeking an energetic individual to help develop SCOR’s actuarial modeling processes, capabilities, and analytics. This role is part of the US model development and reporting team and will have the opportunity to work with a variety of teams including Experience Analysis, Inforce Optimization, Finance, Pricing, SCOR Ireland, and SCOR France.

You will be required to work with stakeholders to define business requirements, update model capabilities as needed, and interpret and present results. You will also add value by continuously improving our end-to-end modeling processes and capabilities, focusing on achieving full automation of the quarterly Model Production process.

In doing so, you will help the team achieve its goals around automating the production of Prophet model results and producing insightful analysis of model results. Additionally, you will have the opportunity to work on quarter-end reporting and analysis, performing quarterly reporting tasks and working to improve these tools and processes.

Responsibilities

• Support actuarial modeling projects at SCOR US, such as regular model releases, annual assumption updates, and process improvement projects.
• Partner with valuation and reporting teams, working closely on model and process improvements for actuarial reporting.
• Perform financial impact assessments and support the explanation of financial results and business impacts.
• Perform BAU IFRS17 and Solvency II reporting and analysis tasks.
• Develop automation and analysis tools to support the quarter-end valuation process.
• Ensure that appropriate and auditable controls, reconciliations, and documentation are maintained with respect to actuarial models and reporting processes.

Qualifications

• Previous actuarial experience with financial valuation, modeling, and cash flow analysis in the insurance or reinsurance industry preferred.
• Strong interpersonal and communication skills, including verbal, written, and relationship-building.
• Ability to work efficiently and effectively in a team setting.
• Ability to understand complex models, solve problems, and analyze to deliver required results.
• Ability to understand numbers and analyze drivers of change.
• Demonstrates curiosity and enthusiasm for continuous improvement.
• Proficient in Microsoft Office suite (e.g., Word, Excel, Access, PowerPoint).
• Experience with financial modeling, valuation, and cash flow analysis.
• Experience with actuarial modeling software, preferably Prophet.
• Experience with actuarial database software, including SQL.
• Exposure to (re)insurance concepts with a preference towards Life lines of business.
• Exposure to IFRS, Solvency II, or similar economic value reporting methods, preferably for traditional life type products.

Education Requirements

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics, or related field with a demonstrated record of academic excellence.
• Associate of the Society of Actuaries or Fellow of the Society of Actuaries (or equivalent).

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. 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.