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VIE Reserving Analyst for Jan. 2022

Date: Jul 20, 2021

Location: New York, US

Company: SCOR

     Americas     

New York United States (US) 

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VIE Reserving Analyst for Jan. 2022 

VIE 

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.

 

Job Summary:

The core function of the P&C Reserving team and the role of a Reserving Analyst 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 Head of P&C Reserving Americas and 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, 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 tools (e.g. ResQ, stochastic methodologies, RA reports),
  • participate in 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 Education

  • College or university degree (European Master 2 level at least), preferably in Actuarial Science, Data Science or Applied Mathematics (Financial or other)

Required experience & competencies 

Experience:

 

  • Gap year internship in Insurance/Banking/Data/Analytics
  • Advanced University project in Insurance/Banking/Data/Analytics

 

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 analyse drivers of changes in results.
  • Proactive, autonomous with a solution-oriented approach
  • Knowledge of insurance or 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

Preferably

  • Knowledge of SQL software like Web Intelligence (Business Object)
  • Knowledge of Tableau or other data visualisation tools
  • Knowledge of any reserving tool (like ResQ ©)

 

 

 

HR contact: Laetitia BIRBAL