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Corporate Actuarial Analyst

Date: Sep 13, 2021

Location: Rosebank, ZA

Company: SCOR


Rosebank South Africa (ZA) 


Corporate Actuarial Analyst 





          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.


An exciting opportunity to join the Corporate Actuarial team, to become a valued member of SCOR, the reinsurer that partners with our clients to deliver the best customer journey.

Job Specification

  • Assist and support the team in the growth of SCOR’s Life business in South Africa and other Sub Saharan African countries.
  • Contribute to the continued development to a best-in-class corporate department. This will involve  using agile methodologies, modern data tools to actively implement process improvements and efficiencies across the FP&A (Financial Planning & Analysis), actuarial modelling, data and internal and regulatory reporting processes.
  • Contribute towards the FP&A work for the SA team, involving Business Planning, Quarterly Landings and Close Activities.
  • Contribute towards the SA regulatory reporting requirements for SAM, SA GAAP and IFRS17.
  • Lead the IFRS reporting work ensuring reports are delivered within deadlines to required standards including signing-off data for use in quarterly reporting.
  • Deliver timely and good quality actuarial services to internal and external stakeholders. Principal duties and responsibilities

Financial Planning and Analysis

  • Contribute towards compiling the SA business plan including key Solvency II (VNB), IFRS (GWP, NTR), capital and cashflow KPIs.
  • Integral involvement in quarterly landing process which includes calculating estimates and required analysis on a quarterly basis. It also includes the calculation of retro accounts on a quarterly basis.

Quarterly and Year End IFRS reporting

  • Meeting internal reporting requirements on Group IFRS accounting and SA GAAP basis, including valuation of reserves and DAC, value of inforce business.
  • Preparing data for use in quarterly reporting.
  • Compile the quarterly calculations and reports in line with agreed deadlines and to the accuracy levels expected by the users and recipients.
  • This includes providing insightful commentary explaining the results and reasons for changes.
  • Other internal reporting activities:
  1. Review and calculation of both the gross and retro claims.
  2. Client data checks and feedback on a regular basis.
  3. Assistance with Technical accounting closing controls and landing processes where required. 
  4. Providing input for the management information required in other business areas.

Local Regulatory Reporting (SAM)

  • Completing external SA reporting requirements on SAM and SA GAAP bases, including ORSA and annual SAM return.
  • Compiling the quarterly calculations and reports in line with agreed deadlines and to the accuracy levels expected by the users and recipients.

Process Improvements and Efficiencies:

  • Maintain, review and update the data warehouse. This includes ensuring that amendments are implemented correctly for the in-force data and that a mapping tool and database is set-up for any 

new business.

  • Improvement and optimisation of existing models and processes e.g. conversion of Excel based models to Prophet or Milliman Mind, enhancement of models to comply with IFRS17 requirements, etc.


  • Participation as required in wider SA or Group projects, for example implementation of changes required to cater for new IFRS17 requirements. 
  • Participation in other departmental activities as required, for example audits.
  • Actively participate and contribute to SCOR’s actuarial community, including relevant ad-hoc actuarial, inter-departmental or Group projects.
  • Development and management of data integrity.
  • Assistance with experience analysis calculations.

Required education

  • Associate or equivalent member (AMASSA) making excellent progress to qualifying as an Actuary.
  • Good working knowledge of MS Excel, Word and VBA.


  • Good working knowledge of SAS, R, Python and SQL.
  • Strategic digital / technical competencies

Required experience & competencies

  • Minimum of 2 years’ experience in the Life (re-)insurance industry.
  • Experience in a Corporate Valuation environment.
  • Excellent knowledge of Microsoft packages (particularly Excel).


  • Experience of coding in Prophet / Milliman Mind.
  • Proven ability to code in Excel VBA.
  • Strong technical, analytical and modelling skills.
  • Takes accountability and can work independently.
  • Produces a high standard of work with an appropriate level of attention to detail.
  • Strong initiative and ability to manage multiple projects.

Personal Competences

  • Excellent technical and analytical skills
  • Attention to detail
  • Good communication skills
  • Self-motivated and pro-active
  • Ability to work autonomously
  • Flexible
  • Innovative
  • Team spirit

If you are interested in this opportunity please submit your details to us via our Careers Page.