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Reserving Actuary

Date: May 1, 2021

Location: New York, US

Company: SCOR


New York United States (US) 


Reserving Actuary 





          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.


Job Summary:

The core function of the P&C Reserving team and the role of a Reserving Actuary is the estimation of the reserve adequacy of the legal entities of SCOR US and SCOR Canada, while developing contribution to multi-functional projects within P&C Reserving beyond the Hub.

Key duties and responsibilities:         

•           support the quarter close process, for selected lines of business

•           manage explanation of results and preparation of reports for selected lines of business

•           perform the annual analysis relating to selected lines of business of SCOR US (Best Estimate, Payment Patterns, Coefficient of Variation), including detailed risk analyses/line of business studies when required,

•           work closely with underwriting, claims, actuarial pricing and accounting to answer queries or address cross functional issues,

•           support the Appointed Actuary of SCOR US and Canada with the preparation of various regulatory schedules,

•           implementation of coding and data science techniques where possible, to improve analysis and/or efficiencies,

•           interact with reserving teams from other Hubs of P&C BU, in particular through worldwide working groups to improve actuarial practices within the P&C Business Unit

•           support other team members with implementation of new methodologies, automation and new IT tools related directly or indirectly to reserving process (e.g. ResQ, stochastic methodologies, Business Object reports),

•           support the P&C Business on other tasks (e.g.: ADC, LPT, improvement of existing processes…)

•           participate in global projects - this might involve but is not limited to Global P&C reserving projects.

•           Support the local reserving team in improving the efficiency of reports and processes

Direct reports:  none

Profile and Role Location New York



Required experience & competencies 



•           8+ years practical experience reserving in an actuarial department of an insurance / reinsurance / consulting company, casualty lines of business are preferred

•           Associate of Casualty Actuarial Society or higher


Personal Competences:

•           Strong communication skills – written and oral.

•           Good social skills required, enjoys working in a team environment and sharing knowledge.

•           Good analytical skills with the ability to understand numbers and analyze drivers of changes in results.

•           Proactive with a solution-oriented approach

•           Knowledge of reinsurance 

•           Basic knowledge of finance and accounting

•           Knowledge in data science and experience with large datasets and databases would be an advantage

•           Computer skills

•           Advanced Microsoft office skills in particular Excel and Word

•           Knowledge of programming languages such as VBA, R or Python would be an advantage

•           Knowledge of Tableau or other data visualisation tools would be an advantage

•           Knowledge of the reserving tool ResQ © and Business Object would be an advantage

Managerial competences: none required


Required Education

•           College or university degree, preferably in Actuarial Science, Mathematics or Statistics



Please contact your HR team should you have any question.