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Head of Modelling MCoE, APAC

Date: Jun 3, 2021

Location: Singapore, SG

Company: SCOR


Singapore Singapore (SG) 


Head of Modelling MCoE, APAC 





          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 Modelling Community of Excellence (MCoE) is a team of modelling experts focused on delivering a continuous, high-quality and efficient service of actuarial modelling to SCOR Global Life (SGL) teams worldwide. This includes the ongoing development and maintenance of models for both Pricing and Reserving. MCoE sets the ambition and vision for Actuarial Modelling and supports ongoing SGL strategic initiatives. The team are a key contributor to significant global projects within SCOR such as the implementation of IFRS17.
MCoE is building its actuarial modelling support to our Asia-Pacific markets, in particular to our local reserving teams based in Singapore, Korea, China and Australia. This position will be our first presence of a permanent MCoE Asia-Pacific Hub and the pioneer to lead future expansion of the team in this location.
This senior role will provide direction and lead the development of the Prophet models and tools currently being used by the Reserving Teams for their reporting across multiple reporting bases and jurisdictions. The successful candidate will be innovative and pro-active in identifying, designing and rolling out transformational improvements to the modelling of our diverse portfolio of business in these critical and high-growth markets. In particular, this role will work to identify new tools and technologies which can be implemented to bring a radical transformation to SGL’s modelling and analytical capabilities.
This permanent position offers an exciting opportunity to be part of an expert team working in a fast paced and dynamic environment developing state-of-the-art modelling solutions. The role reports into the SGL Head of Modelling and is based in Singapore. Some travel between SCOR offices (including Beijing, Sydney, Seoul, Dublin and Paris) will be required for this role.


Key duties and responsibilities

Duties to fulfil this role include:

  • Collaborate across teams to lead the design, development, testing, review, validation and delivery of models to meet the requirements of SCOR’s Asia-Pacific reserving teams
  • Build strong relationships with senior colleagues and key stakeholders:
    Asia-Pacific Head of Actuarial and APAC Actuarial Team,
    Local Reserving Teams based in Singapore, China, Korea and Australia,
    SGL Head of Modelling and MCoE team based in Ireland
  • Represent the MCoE in providing modelling expertise, direction and solutions for the Asia-Pacific business
  • Be the primary contact for all modelling topics in Asia-Pacific, ensuring appropriate communication with all stakeholders
  • Drive the planning, monitoring and co-ordination of model developments and production releases. Deliver training, support and guidance to model developers and model users.
  • Collaborate with SCOR’s data science community to identify new tools and technologies to bring SCOR’s modelling capabilities to the next level:
    Synthesise and get buy-in for an ambitious vision for where SCOR Global Life can take its modelling and analytical capabilties in Asia Pacific
    Work closely with our multiple geographical and culturally diverse teams to understand current practices and to explain and get buy-in for proposed changes. Identify and develop solutions for challenges encountered.
  • Other duties as assigned by the Company, including participation in related Divisional and Group projects.


Required experience & competencies
Ideal Experience:
• Development, testing and documentation of Actuarial Prophet models within a controlled framework
• Experienced coding in Prophet including DCS, and VBA.
• Experience in other actuarial modelling tools and programming would be a definite advantage, e.g. Python, SQL
• Past involvement in significant projects implemented on a global basis
• Managed or led teams of model developers
• High level of independence, flexibility, assertiveness and ability to build relationships and work across multiple geographic locations.
• Demonstrated innovation and creativity in proposing new ways of working
• Flourishes working as part of a busy team in a fast-paced environment

Personal Competences:
• Expert level actuarial modelling skills
• Innovative, inquisitive and creative
• Organisational skills and ability to meet deadlines
• Proven ability to be able to work on own, and closely within a team structure
• Results driven and passion for quality
• Excellent interpersonal skills
• Very strong communication and documentation skills


Required Education
• Partly or Fully Qualified Actuary with 5+ years recent Prophet experience