The position sits within the P&C Product & Core Operations team and reports to the Head of P&C Product & Core Operations. The team is part of SCOR’s P&C Operations organization and acts as a central function supporting global P&C business processes. Its main stakeholders are the P&M Pricing & Modelling teams on the reinsurance side, while also collaborating with other P&C Operations teams, Group COO and IT as required.
Within P&C Operations, the P&C Technical Operations Actuary is responsible for maintaining, enhancing and supporting P&C treaty pricing, primarily xAct, in close partnership with P&M teams, business stakeholders, Group COO and IT.
Key duties and responsibilities
• Support the P&M team in maintaining, enhancing and industrializing global P&C treaty pricing processes, methods and systems within SCOR.
• Perform business and operational analysis, including clarification of changes (process, people and technology), support implementation and definition of acceptance criteria.
• Identify, analyse and resolve business and process changes, rationalise existing processes and contribute to defining pragmatic solutions.
• Support IT project delivery methodologies and processes by contributing in key phases of the lifecycle.
• Provide operational business support, coordination and training, acting as a subject matter expert for processes, data, systems and related transformations.
• Work closely with stakeholders and delivery teams to ensure stability of processes – ensuring they remain reliable, fit for purpose and aligned with business needs.
• Facilitate regular communication between stakeholders, ensuring clear prioritisation, progress tracking and effective stakeholder alignment
Required experience & competencies
• Preferably with experience in pricing, with insurance domain knowledge and/or proven experience within the (re)insurance sector.
• Excellent analytical and computing skills, including proficiency in at least one high-level language or query language such as Python, SQL, and strong command of the Microsoft Office suite, particularly Excel.
• Strong written and verbal communication skills, with the ability to translate needs into clear change requirements. Fluency in English is required.
Required Education
• Master’s degree in a highly quantitative discipline such as Mathematics, Actuarial Science, Physics, Engineering or Computer Science, or comparable proven technical expertise.
• Actuarial qualification from an internationally recognised professional body, or progress towards such a qualification, would be an advantage.
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.
