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Associate Actuary - Product De

Date: Apr 29, 2021

Location: Charlotte, US

Company: SCOR


Charlotte United States (US) 


Associate Actuary - Product De 




Job Summary:

This actuarial position supports the product development and pricing process of Strategic Partnerships deals, and their new business portfolio management. He or she will develop or update actuarial models for new Strategic Partnerships opportunities and prepare documentation for the Senior Actuary’s review. This role will also support the Senior Actuary in ongoing financial monitoring of the Strategic Partnerships portfolio, periodically monitoring expected performance of placed new business for changes in actual sales distribution, economic assumptions, and/or biometric assumptions.


New Business Product Development and Pricing

  • Perform research to support assumption setting process for new deals, markets, or lines of business
  • Develop or update actuarial new business pricing models to meet internal and external partner needs
    • Generate model runs and sensitivities; verify results are accurate; complete analysis to quantify changes in assumptions, methods, required reserves, product features and premiums, etc.
    • Determine expected reinsurance profitability of new or existing deals and make recommendations for adjustments to reach target profits based on deal objectives
  • Prepare documentation of deal profitability and sensitivities for internal reporting and risk management
  • Complete other deal documentation and reporting as required (i.e., SQP, CART, SalesForce)
  • Perform or review retail premium benchmarking and other analysis to support Business Development in determining optimal positioning of new or existing product
  • Identify and quantify risks in a proposed deal via scenario/sensitivity modeling and recommend mitigating structures or strategies
  • Assist on various projects involving pricing or product development initiatives as they arise



New Business Portfolio Management

  • Update actuarial models to periodically monitor expected performance of the emerging Strategic Partnerships new business portfolio, reflecting updates to sales distribution, economic assumptions and/or biometric assumptions.
  • Support the development of cash flow projections by deal, and at the portfolio level, to facilitate strategic decisions on liquidity and cash needs
  • Assist other departments on various corporate projection work related to Strategic Partnership deals (e.g., budget projections, VNB, etc.)
  • Support the Senior Actuary in other projects related to portfolio management



  • Actively participate in meetings, make recommendations and present results internally.
  • Research technical topics, share knowledge, and provide informed opinion of best course of action.
  • Bring a mindset of challenging the status quo, driven by a curious mind and an eagerness to dig in and truly understand a problem and recommend solutions.
  • Ability to balance the need for continuous improvement.
  • May perform other duties as required.


  • 3+ years experience relevant to life insurance Pricing, Product Development or Valuation function
  • Must have completed 3-6 actuarial exams and have knowledge of computer programming or analytical software. 
  • Exposure to one or more life actuarial pricing systems; GGY AXIS modeling experience is preferred; exposure to other actuarial modeling software is a plus
  • Participate in Actuarial Student Program until FSA is obtained.
  • Solid mathematical analysis skills with strong problem-solving ability.
  • Effective interpersonal skills and professional presentation
  • Excellent verbal & written communication skills.
  • Highly motivated/self-starter.
  • Must be able to work effectively independently & as part of a team.
  • Regular attendance and ability to work extended hours as necessary to meet deadlines.
  • Proficiency in windows-based software (Excel, Access, etc.)
  • Strong computer skills including learning new software and Microsoft Office Products.

Nearest Major Market: Lansing