Senior Actuarial Analyst (Financial Development)

Job Description

This role is part of the US model development team and will have the opportunity to work with a wide variety of different teams including Experience Analysis, Inforce Optimization, Finance, Pricing, SCOR Ireland, SCOR France teams, and more.

You will be required to work with stakeholders to define business requirements, update model capabilities as needed, and interpret and present results.

For example, you may work with the US Pricing team to understand their modeling and reporting requirements, build and test new capabilities in the model to meet those requirements, and perform model runs to quantify impacts of changes or produce new analyses.

These financial analyses may then be presented to senior management.

You will also add value by continuously improving our end-to-end modeling processes and capabilities, with a focus 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.

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 and enhancements for actuarial reporting.
• Provide occasional support for quarterly production work, where needed.
• Develop automation and analysis tools to support the quarter-end valuation process.
• Perform financial impact assessment and support the explanation of financial results and business impacts.
• Ensure that appropriate and auditable controls, reconciliations, and documentation are maintained with respect to actuarial models.
• Build and maintain relationships with colleagues throughout the SCOR Group.

Qualifications

• EXPERIENCE
• At least 2 years actuarial experience with financial valuation, modeling, 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.
• Experience with financial modeling, valuation, and cash flow analysis.
• Experience with actuarial modeling software, preferably Prophet.
• Experience with actuarial database software, including SQL.
• Experience with Python is preferred.
• Exposure to (re)insurance concepts with a preference towards Life lines of business.
• Exposure to IFRS, Solvency II (or similar economic value reporting method), preferably for traditional life type products.

SOFT SKILLS

• Enjoys working at pace, in a collaborative and open environment with global teams.
• Flexible and agile.
• Strong technical skill set, passionate about innovation and improving processes.
• Excellent communication and interpersonal skills.
• Proactive, takes strong ownership, committed to delivery.
• Interest in career and skill development.
• Fluent English speaker.

EDUCATION

Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellence.

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.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.