Senior Pricing Actuary

Job Description

The role covers all aspects of:

• Independently executing standard operational pricing tasks
• Contributing to the development of pricing methods and tools
• Coordinating and participating in P&M projects and studies
• Providing technical guidance and training of junior staff and interns

Responsibilities

Standard Operational Pricing tasks: The individual in this role will independently execute the following tasks with a high level of knowledge and experience:

• 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)
• Support communication and collaboration within the nearshore team and with the onshore teams to ensure a smooth renewal process following pricing/modelling guidelines
• Participate in annual studies, standard dashboard creation, testing, and development of new methods/tools

Assist in R&D activities to improve SCOR’s view of risks and the pricing and modelling models, in close collaboration with P&C operations.

Participate in the development and sharing of knowledge across teams.

P&M activities, processes and methods improvement:

• Participate in the evaluation and enhancement of the P&M processes, workflows, methods, and tools, identifying opportunities for automation, standardisation, and streamlining to gain efficiency.

Projects:

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

Help expand SCOR’s Analytical Capabilities:

• Develop code, support testing and maintenance, and collaborate with IT.
• Consult stakeholders to ensure user feedback and findings following the release of new tools are incorporated.
• 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

• Moderate 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, with expertise in digital technology.
• Knowledge in P&C lines of business and reinsurance underwriting is an advantage.

Personal Competencies:

• Highly motivated and driven individual who can 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.
• 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, and AI.
• Creative initiative-taker who formulates new concepts and challenges the status quo.
• 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, or other scientific disciplines.
• 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,” which 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.