Associate Actuary (Inforce Optimization)

Job Description

Responsible for validating, calibrating, and projecting experience used by the VP, Inforce Management to recommend specific actions to senior management to optimize underperforming treaties.

The Inforce Optimization Department is a dynamic, collaborative, evolving department that provides opportunities to work on joint actions and independent work assignments.

Responsibilities

• Provide timely and accurate actuarial support for actions to be taken by SCOR to optimize its inforce block.
• Review treaty terms, assumptions, and pricing files.
• Perform premium validations to ensure client companies are paying correct premiums.
• Update models that inform inforce analytics.
• Clearly communicate project progress and impediments and recommend next steps.
• Identify and report actuarial risks as required for the group and legal entity risk dashboards.
• Analyze various courses of action on underperforming business that management may consider in selecting the optimal approach.
• Assist team in completing ad hoc requests.
• Participate in the Actuarial Student Rotation program.
• Other duties as required and based on experience level.

Qualifications

• ASA/FSA designation preferred. ASA level encouraged to participate in the Actuarial Student Program until FSA is obtained.
• At least 3-5 years of life insurance actuarial experience (reinsurance experience a plus).
• BA/BS degree or equivalent in mathematics or actuarial science or related field.
• Demonstrated analytical skills with proven track record of strong problem-solving.
• Prior actuarial software experience with demonstrated ability to understand complex models.
• High level of computer literacy: strong skills in MS Office, particularly Excel, and proficient in SQL and VBA.
• Highly motivated, curious self-starter.
• Ability to work independently and as part of a team.
• Ability to understand and consider broad picture while researching details.
• Understand pricing, valuation methods, and financial results.
• Strong interpersonal and communication skills.
• Ability to identify and implement departmental processes and controls and ensure appropriate documentation.

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 for roles performed in NC: $109,500-$134,000 base salary per year. Actual salaries may vary based on various factors including but not limited to 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, 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.