As a senior member of one of our L&H Reserving Teams, you will play an integral role in producing and explaining valuation results for SCOR’s global Life & Health business.
Your responsibilities will span a range of valuation activities, including reporting under IFRS 17, Solvency II, and local statutory bases. You will ensure that valuation results are produced, analysed and processed completely, accurately and efficiently as part of the quarterly financial close process.
You will also undertake other critical tasks such as data and results validation and analysis, sensitivity & stress testing, and process enhancements. Throughout your journey, you will receive mentoring and support to help shape your career path at SCOR.
This role offers the opportunity to collaborate with colleagues across the SCOR Group and participate in projects aimed at improving efficiency and innovation within the valuation process.
Performing and explaining the Analysis of Change for various reporting bases, with ability to communicate technical results and value-adding insights to diverse audiences, including preparing and presenting reports to senior management and stakeholders
Timely and accurate delivery for cashflow sensitivities and analysis used for SCOR annual internal model calibration
Serve as the direct liaison with group and business unit functions for Group reporting topics
Ensure that appropriate and auditable controls, reconciliations, and documentation are maintained with respect to all valuation and projection processes
Share in the development of a team of actuaries, with a particular focus on mentoring a strong group of emerging leaders across the department
Experiences :
Qualified actuary
Knowledge of either Solvency II of IFRS17 reporting required
Strong understanding of Life and Health (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 these are appropriately documented
Proficient in actuarial software, database, and reporting tools
Demonstrated ability to understand complex actuarial models
Personal Competencies:
Strong organizational & planning skills with ability to meet multiple competing deliverables and manage projects
Required Education
Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, engineering, physics or equivalent quantitative field
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.
