P&C Reserving Actuary

Job Description

The jobholder will be an ambitious actuary who wants to work as part of a Reserving team, providing a wide range of actuarial reserving services for non-Lloyd’s entities.

A key part of the role will be working on quarterly reserving, assisting on a wide variety of Reserving Projects.

Responsibilities

• Deliver the analysis of the technical reserves on a quarterly basis for multiple lines of business.
• Deliver reserving projects, such as automation of current processes and modelling of specific lines of business.
• Deliver reporting for SCOR UK and SCOR Europe boards and other governance bodies as required.
• Lead improvements of certain models, visualisation tools and dashboards.
• Annual review of the UK portfolio and contribute to the actuarial report for the various UK and European legal entities.
• Carry out regular or ad hoc studies for specific segments.
• Work closely with claims team, finance team, underwriters and underwriting management and other members of the actuarial team to develop, review and maintain appropriate tools and methodologies.
• Communicate with external Actuaries, Auditors and external regulators when required.
• Be able to respond to auditor queries and undertake audit defence to UK audit standards.
• Help enhance management information and reporting for the PRA and ACPR.
• Communicate key movement/trends/events to the business on a quarterly basis.
• Mentor, grow and develop junior members of the team.

Qualifications

• Post qualified i.e. Fellow of the Institute and Faculty of Actuaries FIA (or equivalent being FCAS, FIAA) with at least 7 years’ experience within a Lloyd’s/London Market reserving role an advantage.
• Established, strong knowledge of UK and French GAAP, Solvency II and Solvency UK.
• Fluent English Speaker
• IFRS17 knowledge
• Knowledge of regulatory requirements and an understanding of how they impact on the business.
• Strong knowledge and delivery professional standard requirements.
• Strong understanding of P&C (re)insurance and reserving practices and products.
• Significant experience in understanding, explaining and analysing financial impacts and drivers of change.
• Experience managing projects and effectively representing your department.
• Demonstrated ability to identify and implement departmental processes and controls and ensure that these are appropriately documented.
• Proficient in actuarial software, database and reporting tools including ResQ.
• Demonstrated ability to understand complex actuarial models.
• Advanced proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
• Desired ability to code in VBA, SQL, Python and use Gen AI.
• A team player and enjoys working at pace, in a collaborative environment with global teams (actuarial, risk, claims and underwriting at a minimum).
• Strong organisational and planning skills with ability to meet multiple competing deliverables and manage projects.
• Flexible and agile.
• Able to think independently with an analytical mindset and excellent analytical skills.
• Acts with integrity and can make a principled stand where required.
• Strong technical skill set, passionate about innovation and improving processes.
• Excellent communication and interpersonal skills, verbal and written that enable the candidate to communicate effectively with colleagues (especially underwriters), brokers and clients on a cross-border basis.
• Proactive, takes strong ownership and committed to delivery.
• Interested in career and skill development.

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.