SCOR
Actuarial Analyst, Longevity Inforce
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All candidates must have the full & permanent right to work in the UK
About the Role
This role is for an actuarial analyst and is an exciting opportunity to join a strong and established team providing Longevity Reinsurance to the UK and international market. With an experienced leadership team and bold ambitions to grow, supported by executive level management, the right candidate will see significant opportunity to progress their career within this exciting segment of the life industry.
About SCOR
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.
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Job Description
This role will support the team in acquiring new business and monitoring its experience and profitability when in-force. Working across a number of areas within the wider team will help the successful candidate develop a breadth of knowledge and skills of the overall business as well as the tools and processes used. Over time there will be the flexibility to specialise, depending on experience and specific interests, such as supporting exercises for longevity tenders and basis reviews, undertaking analysis to help support research into longevity bases and tools, as well as supporting the management of the in-force portfolio. The post holder will be expected to support the senior team in front of clients and other stakeholders, and so will require excellent communication skills and a professional and confident presence.
Key Duties and Responsibilities
The Actuarial Analyst will be exposed to a wide range of tasks across the whole team including:
- Assisting the Administration teams in reconciling and troubleshooting the more complex aspects of the regular accounts.
- Assisting in modelling the inforce blocks of business.
- Understanding, building and adaption of complex macro-driven premium and annuity claims calculation tools.
- Understanding and use of Excel tools that determine the current collateral exposures of SCOR and clients under the terms of the swaps.
- Inforce analyses of inforce deals for the purpose of setting future valuation assumptions, refining future pricing bases and spotting potential treaty breaches and irregularities.
- Produce Management Information (MI) and Key Performance Indicators (KPIs) on the in-force business.
- Building and automating the in-force management processes.
- Standardise and modernise the in-force management processes and tools.
- Develop and maintain a good understanding of the risks of longevity business.
- Support the Longevity Account Managers in resolving issues with clients in a constructive manner, valuing the importance of our long-term relationships.
- Building relationships across the inforce community of our market.
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Experience
- Good progress with actuarial exams since leaving University.
- Strong numerical experience.
- Life insurance/pensions/reinsurance/consultancy experience.
Necessary Skills
- Ability to problem solve.
- Strong data analysis skills.
- Excellent communication (written and oral).
- Professional and confident presence.
Digital Competencies
- Computer literacy with special focus on Microsoft Word (Intermediate), PowerPoint (Intermediate) and Excel (Intermediate - familiarity of formulas such as "IF", "VLOOKUP", "INDEX", "MATCH", "SUMPRODUCT", "MEDIAN", "YEARFRAC").
- Reviewing, maintaining and developing scripts in the 'R' programming language.
Education
- Currently studying towards completing the actuarial exams.
- Undergraduate degree or equivalent qualifications.
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