Published on
28Feb17
EMEA
Paris
France

Longevity Actuary EMEA (Exclu. UK)

Job offer
Actuarial
Life

Contributing to all aspects of understanding, pricing and managing longevity reinsurance risks, enhancing SGL’s ability to write profitable new business. Job holder will be required to lead longevity pricing research and advise on longevity pricing bases working closely with Longevity R&D.  This will be both through own work and through helping to develop team members.

About SCOR

SCOR is the 4th largest Reinsurance Company worldwide, following a profit-driven underwriting policy and practising selectively across all branches of reinsurance. 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.
The Group’s strategy is based on a development model driven by three entities: SCOR Global P&C (Property and Casualty reinsurance), SCOR Global Life (Life reinsurance), and SCOR Global Investments (asset management).

Key duties and responsibilities

Quote Production and Deal Execution

  • Analyse tender requests and work closely with the Head of EMEA (ex UK) Longevity to ensure the basis supports the efficient and accurate delivery of quotes and has ongoing applicability to client needs
  • Ensure that key pricing issues/risks are highlighted early and referred through the referral process as appropriate
  • Peer review pricing work produced by colleagues
  • Lead the development of Longevity pricing tools (using Prophet, Excel, SAS and other applications) through analysis of business needs and coordinating the programming, testing and documentation in conjunction with Global Longevity team
  • Assist the Head of EMEA (ex UK) Longevity in actuarial aspects of deal negotiation and execution
 

Research

  • Lead the delivery and ongoing innovation of pricing bases and tools that enable the business to write profitable new business and develop its product offering maintaining consistency in with  Global approach
  • Jointly lead the delivery of analysis of internal and external data with Longevity R&D, obtaining maximum value from available information
  • Develop and maintain a good understanding of the risks of Longevity business
  • Keep abreast of major developments in the Longevity research field 
 

Relationships

  • Work closely with the Head of EMEA (ex UK) Longevity to enhance client relationships and new business opportunities with particular emphasis on promoting of SCOR’s technical longevity expertise to existing and prospective clients
  • Maintain interaction with other departments across SCOR in order to contribute to multi-function projects as required
 

Management

  • Oversee and project manage the delivery of assigned Longevity quotes
  • Contribute to the management, and support the development of, junior colleagues and non-specialists with possibly one direct report.
 

People management responsibility

  • Possibly 1 report

Required experience and Education

Experience:

  • Essential:
- Qualified Actuary with experience of pricing life and/or pensions business
- Advanced user of EXCEL
  • Desirable:
- Recent European annuity market experience
- Understanding of pension scheme and annuity data/products
- Experience of using PROPHET, ACCESS, SAS
- Project management experience
 
 

Personal Competencies

  • Essential:
- Excellent communication and interpersonal skills
- Excellent analytical skills combined with sound judgement and commercial awareness to produce justifiable and practical pricing - advice even where data is sparse or difficult to work with
- Self-motivated
- Team player
- High proficiency in English and French 
  • Desirable:
- Customer focussed – would be able to communicate effectively in client meetings
- Flexible and adaptable
- Proficiency in other European languages
 
 

Required Education

  • Qualified Actuary
  • Educated to A-level or above
 
 

Required languages

  • French and English: Can actively participate in meetings and group conversations. Can lead negotiations. Writes complex business letters and reports.

Start date

Duration