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Longevity Pricing Actuary

Date: Apr 30, 2021

Location: London, GB

Company: SCOR

     EMEA     

London United Kingdom (GB) 

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Longevity Pricing Actuary 

Permanent 

Actuarial 

 

 

          About SCOR         

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services 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 insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.

 

The Role
The successful candidate will work as an experienced member of Longevity pricing team where you will be contributing to all aspects of understanding, pricing and managing longevity reinsurance risks, enhancing SGL Global Longevity team’s ability to write profitable new business. 

 

You will;

  • Lead the production of technical pricing for Longevity tenders which includes experience analysis, proposal of basis, rate production, KPI metrics, and supporting documentations.
  • Support the Head of Pricing on business referrals with Group sign-off teams based in Paris, Cologne and Ireland
  • Support new business execution
  • Lead the technical development of new products/propositions
  • Manage the maintenance and development of Longevity pricing processes and tools
  • Lead or support research and ad-hoc projects
  • Assist in the development of junior team members

 

Key duties and responsibilities

    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 documentations 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


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.

    New product and proposition development    
•    Lead the technical development of new products/propositions


Research
•    Lead/assist Longevity research projects
•    Engage in the 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, help develop team member and educate internal non specialists as necessary


Required experience & competencies

Experience


Essential:
•    Qualified Actuary with multiple years of experience in longevity pricing or research (including basis derivation)

Desirable:
•    Understanding of DB de-risking offerings in the market
•    Understanding of UK pension scheme data and typical scheme rules
•    Client management experience
•    SAS/SQL and Prophet experience
•    Experience of manipulating and analysing large datasets


Competencies

 Essential:
•    Excellent technical skills and attention to details
•    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


Desirable:
•    Customer focussed – able to communicate effectively in client meetings
•    Flexible and adaptable


Required Education
•    Qualified Actuary
•    Educated to degree level with excellent academic track record

 

If you are interested in this opportunity please submit your CV to us via our Recruitment Portal.

 

No agencies please.