Longevity Analyst (EMEA excl. UK)
Carry out technical Longevity pricing for Longevity tenders which will include experience analysis and rate production with supporting documentation working closely with the Longevity Pricing Actuary.
Contribute to the development of Longevity pricing tools.
Provide support for research, inforce management and ad-hoc projects.
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
- Review data provided by cedant and highlight any issues that may delay quote production
- Carry out mortality analysis on client data and suggest quote pricing basis
- Ensure pricing basis conforms with SCOR Global Life Annuity pricing guidelines
- Produce accurate rates within specified timeframes and accurate documentation to support quotes
- Assist in the development and maintenance of longevity pricing tools
- Carry out other ad-hoc longevity pricing work as required
- Analyse internal data to contribute to MI, profitability analysis and client management
- Undertake analysis in order to contribute to the ongoing innovation of longevity pricing bases and tools.
- Develop and maintain a good understanding of the risks of Longevity business
- Develop relationships and provide excellent customer service, both internally and externally, to help deliver the Longevity team’s objectives
- Promote team’s technical expertise, internally and externally, and educate internal non specialists as necessary
- Pro-actively suggest improvements in the pricing and inforce business management process
Required experience and Education
- Part qualified actuary with at least 1 year work experience
- Good knowledge of Microsoft packages (particularly Excel)
- Recent life/annuity pricing experience
- Experience of using PROPHET and SAS
- Understanding of pension scheme and annuity data/products
- Experience of conducting mortality analysis
- Excellent Analytical Skills
- Attention to detail
- Team player
- High proficiency in English and French
- Excellent communication and interpersonal skills
- Customer focussed – ability to communicate effectively with clients primarily by phone and email
- Proficiency in other European languages
- Part qualified actuary
- Educated to degree level
- French and English: Can actively participate in meetings and group conversations. Can lead negotiations. Writes complex business letters and reports.