Actuary (Pricing)

Job Description

The Actuary - Pricing is responsible for supporting the timely completion of the pricing process according to SCOR methods and key controls for all assigned deals. Key transactional processes include assumption development, actuarial model development, model runs and sensitivities, the generation of thorough documentation, performing peer reviews, and developing good working relationships with the business deal team (Client Solutions, Underwriting, and Experience Analysis).

Responsibilities

• Assess and develop pricing assumptions focused on mortality, persistency, sales mix, and net amount at risk.
• Consider potential risks inherent in proposed transactions and assumptions and help determine risk mitigation strategies.
• Develop actuarial models, including liability population cells, data tables, and other structures essential for the proper pricing of life reinsurance.
• Generate model runs and sensitivities; verify the accuracy and reasonability of metrics; analyze and quantify the impact of changes in assumptions, methodologies, reserve requirements, product features, premium structures, etc.
• Create clear assumption and reasoning documentation for review with deal owners and/or marketing team.
• Ensure pricing work follows the SCOR General Life and Health Underwriting and Pricing Guidelines, meets accuracy requirements and profitability goals, and that ICS processes and controls are followed and documented as necessary.
• Complete deal close out activities for accepted deals including communication and hand-off to valuation/modeling teams, SQP, Salesforce, and CART updates.
• Drive continuous improvement in the pricing area by sharing thought leadership and leading/participating in project related efforts on technical topics related to pricing standards, processes, methodologies, and assumptions.
• Establish good working relationships with marketing actuaries.
• Own at least one area of pricing expertise; serve as team subject matter expert.
• May perform other duties as required.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Data Analytics, Finance, Economics, or related areas.
• Fellow of the Society of Actuaries with current CPD compliance; career ASAs considered.
• At least 3 years of life actuarial experience; reinsurance industry experience preferred.
• Experience pricing life insurance products including valuing life insurance liabilities under US Statutory, GAAP, and/or International Accounting Standards (IFRS17).
• Up-to-date knowledge of life insurance laws, regulations, insurance products, and emerging underwriting practices.
• Skilled in analyzing experience studies using statistical techniques and predictive models to develop mortality and lapse assumptions.
• Proficiency in one or more life actuarial pricing systems with AXIS or Prophet preferred.
• Familiarity with AI and basic knowledge of statistical programming languages (Python experience preferred).
• Solid mathematical analysis skills with strong problem-solving ability.
• Effective written and oral communicator, including formal and informal presentations.
• Demonstrated skill in identifying and solving business needs.
• Takes initiative and exhibits a sense of urgency with a focus on results for external and internal clients.
• Effective multi-tasker with demonstrated comfort and ability to effectively manage and deliver on competing priorities.
• Must be able to work effectively independently and as part of a team with readiness to travel on occasion.
• Skilled at collaborating with others across offices and geographical locations.
• Basic knowledge and awareness of the Agile/SCRUM methodology.
• Strong proficiency using Microsoft Office Products and demonstrated ability to learn new software/tools.
• Regular attendance and ability to work extended hours as necessary to meet deadlines.

You may not meet every requirement listed in the job description. If you bring broad expertise and alignment to the role and resonate with our core values, we encourage you to apply.

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.

Benefits We Offer

• Medical, vision, and dental coverage.
• 401(k) Plan with a competitive match.
• Company-funded Contribution Retirement Program.
• Life and AD&D insurance.
• Long- and Short-Term Disability.
• Flexible Parental Leave.
• Unlimited Sick Days.
• Volunteer Time.
• Summer Fridays.
• Learning & Development Resources.
• Personal Wellness Tools and Rewards.
• Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios.
• And More!

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.