Associate Actuary (US Group Pricing)

Job Description

Provide pricing, financial and risk management for the Group Life and Accident reinsurance business. The position has significant impact on achievement of revenue, earnings and operational goals.

In addition, will support leadership within the Group Reinsurance team and assist in the development of new products and overall expansion of Group Reinsurance business, collaborating with other business units within SCOR.

Work closely with marketing underwriters, operations, and other actuaries within the Group Reinsurance team and within SCOR Life Pricing. The position will also conduct research and complete projects which add value to SCOR’s clients.

The position is eligible for potential rotation within SCOR as part of the actuarial program.

Responsibilities

• Collaborate with Group Reinsurance team to establish strategic direction for Group Reinsurance products.
• Work with the VP, Actuary – Group Reinsurance and others within SCOR to support financial reporting, experience analysis and reserving of the Group Reinsurance business.
• Involved in all aspects of risk management such as pricing of in-force and new accounts, underwriting, product development, data capture, concentration risk analysis and establishment of proper guidelines and procedures.
• Work with VP, Actuary – Group Reinsurance in developing and maintaining Local Pricing and Underwriting Guidelines as it relates to U.S. Group Life & Accident reinsurance business.
• Conduct concentration analysis of Group reinsurance volume, utilizing software for this purpose and assisting in managing intern staff to perform research.
• Assist with developing and implementing renewal strategies to meet SCOR profit goals.
• Develop tools to assist in pricing and risk assessment.
• Complete projects, including research and development, for the benefit of in-force clients and to meet specific client requests.
• Travel periodically to meet and build relationships with clients, prospects and brokers, including travel to present at industry conferences or for SCOR internal meetings.
• Ensure adherence to ERM controls and processes.

Qualifications

• BA/BS degree or equivalent
• Actuarial Credentials (preferred)
• 2-5 years of Group Life experience (preferred)
• 2 years of insurance or reinsurance experience
• Actuarial exam progression with the intent of obtaining Fellowship in the Society of Actuaries
• Other relevant actuarial experience that is transferrable to Group Reinsurance
• Potential to manage staff based on career development

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 MN: $109,500-$134,000 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.