Graduate Trainee Pricing Actuary (12 Months)

Job Description

As a part of a multidisciplinary actuarial team working across both company and syndicate, the main role is to assist the team with driving further development of the Actuarial function through business-as-usual activities as well as project work.

It is envisaged this role will mainly be focused on actuarial pricing but can also encompass some aspects of portfolio management, business planning, cat modelling and outwards reinsurance analysis.

The jobholder will have strong technical interest and excellent communication skills. This opportunity will provide a successful candidate with a wide range of experience and industry knowledge in a dynamic working environment.

Responsibilities

• Work closely with underwriters, underwriting management, exposure management/cat modelling and other members of the actuarial pricing team to develop and maintain appropriate pricing tools for multiple lines of business.
• Technical pricing of portfolio risks (such as binders or MGAs) and large single risks, providing insightful analysis to underwriters through clear communication, with a focus on improving profitability.
• Help enhance management information and reporting within the division, to meet regulatory requirements and drive key decisions within the business, monitoring key performance indicators such as risk adjusted rate change.
• Assist in the division having a joined-up view of the actuarial control cycle by contributing to other aspects of the actuarial function including reserving, business planning, capital modelling, cat modelling and outward reinsurance purchase processes.
• Assist in the review of key insurance and economic assumptions for all actuarial tasks.

Qualifications

Required experience & competencies

• Communication: Excellent interpersonal verbal and written skills that enable the candidate to communicate effectively with colleagues (especially underwriters), brokers and clients.
• Integrity: The ability to make a principled stand where required.
• Independent: A thinker with an analytical mindset.
• Flexibility: The ability to manage workload and prioritise different tasks.
• Personality: A self-motivator who is keen to learn and take on increasing responsibility over time.
• Teamwork: Ability to work collaboratively with others in the Actuarial Team.

Desirable

• Excel, SQL, Tableau, Power BI, Python or other programming language skills an advantage.

Required Education

• Actuarial Degree or Numerical degree.
• Interested in pursuing a career as an Actuary.

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.