The role offers broad exposure across both UK and international markets, with responsibilities spanning:
Technical pricing of longevity tenders
Development of new product propositions
Coordination of new business approvals with SCOR Global Life and Group functions
Execution of new deals
Enhancement of pricing tools and processes
Research into demographic assumption derivation
Client relationship management
The role is approximately split 80% pricing / 20% research,
The successful candidate will join as a member of the Global Longevity Pricing team, contributing to all aspects of understanding, pricing, and managing longevity reinsurance risks. This role plays a critical part in enhancing SCOR Global Life’s ability to write profitable new business.
Quote Production
Lead the production of quote tenders including the production of quote pricing basis (base table, improvements, marriage assumptions and KPI metrics).
Produce accurate rates within specified timeframes and accurate documentation to support quotes.
Ensure pricing basis conforms with SCOR Global Life Annuity pricing guidelines and that key pricing issues/ risks are highlighted early.
Support the Head of Pricing on business referrals with Group sign-off teams based in Paris, Cologne and Ireland.
Support new business execution.
New product and proposition development
Lead the technical development of new products/ propositions.
Pricing Process and Tools
Manage the maintenance and development of Longevity pricing processes and tools to improve the accuracy, efficiency and insight gained from process outputs.
Pro-actively suggest improvements to the pricing processes and tools.
Ensure process updates are managed in a compliant and documented manner.
Research
Lead/ assist Longevity research projects.
Assist ongoing innovation of pricing basis which enable SCOR to write profitable new business and develop its product offering.
Relationships
Develop client and internal relationships and provide excellent customer service, to help deliver the Longevity team’s objectives.
Promote team’s technical expertise, internally and externally, to help develop team members and educate internal non specialists as necessary.
Required experience & competencies
Understanding of pension de-risking offerings in the UK and global markets.
Understanding of pension scheme data and typical scheme rules.
Client management experience.
R experience.
Experience of manipulating and analysing large datasets.
Personal Competencies:
Essential
Excellent technical skills and attention to detail.
Excellent communication and internal stakeholder management skills.
Excellent planning and work management skills and experience of leading projects.
Excellent ability to use analytical skills combined with sound judgement and commercial awareness to recommend justifiable and practical pricing advice.
Self-motivated.
Team player.
Customer focused – able to communicate effectively in client meetings.
Flexible and adaptable.
Required Education
Qualified Actuary.
Educated to degree level with excellent academic track record or equivalent experience.
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.
SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health as well as in P&C.
The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable.
The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe.
One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft.
Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.
