Lead Pricing Actuary

Job Description

The role covers all aspects of:

• Independently executing standard operational pricing tasks
• Proactively contributing to the development of pricing methods and tools
• Leading and/or participating in executing P&M projects and studies
• Providing technical guidance and training staff

Responsibilities

Standard operational pricing tasks: The individual in this role will take the lead on the following tasks with a good level of expertise:

• 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 and advise for the adequate communication and collaboration within the nearshore team and with the onshore teams to ensure a smooth renewal process following pricing/modelling guidelines
• Standard dashboard creation, testing, and development of new methods/tools

Work with 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, tools, identifying opportunities for automation, standardisation, and streamlining to gain efficiency, focusing on the creation of innovative and tailor-made solutions adapted to the change in portfolio mix.

Projects:

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

Cross-functional communication:

• Participate in the feedback loops with onshore teams, data & tech, claims, reserving, finance, accumulations to ensure accurate and timely information exchange, resolve issues, and support business objectives.

Help expand SCOR’s analytical capabilities:

• Tools: develop code, support testing and maintenance, and collaborate with IT.
• Functionalities: consult stakeholders to ensure user feedback and findings following the release of new tools are incorporated.
• Data analysis: extract insights from data to support decision-making within pricing/modelling teams, underwriting functions, and management.

Qualifications

Required experience & competencies

Leadership and managerial skills:

• Providing subject matter expertise and being a reference for the team on specific topics
• Ability to drive engagement via leading topics or projects
• Good interpersonal skills with the ability to work effectively with team members and a wide range of stakeholders.

Required experience:

• Significant work experience in the financial services industry, preferably in reinsurance/insurance with a focus on analytical and/or actuarial work, such as the development and structuring of reinsurance products, financial instruments, and pricing tools
• 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 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 required
• Advanced communication and collaboration skills with effective interpersonal verbal and written skills to communicate with non-technical colleagues
• Advanced analytical and problem-solving skills
• Sound knowledge of Microsoft Office (proficiency in Excel), SQL, GIS, and programming skills ideally in R or Python.
• Basic skills in data science, predictive modelling & analytics, machine learning, AI
• Professional programming skills
• Creative initiative-taker, dynamic and driven, who formulates new concepts and challenges the status quo
• Strategic thinker, 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 (statistics, physics, natural science), economics, or finance.
• 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.” 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, reflecting the input of employees at all levels of the Group. 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.