Published on
Charlotte / New York
United States (USA)

Modeling Actuary

Job offer

The Modeling/R&D Actuary is responsible for completing the foundational models associated with pricing a deal, developing and maintaining strong relationships with the team, and completing the peer review associated with a deal, including model reviews and reviews of assumptions set by other actuaries.

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

• Key transactional accountabilities include:
- Pricing assumption review
- Optimal product and deal structure
- Identification and quantification of risks in the proposed transaction and identification of    
    mitigating structures or strategies
- Model projections
- Present and obtain approval at Business Review meetings
- Interface with client to understand information sent as part of the RFP package and request 
   additional information
- Develop and maintain strong partnership with the team (SVP Financial Solutions, Marketing  
    Actuary Financial Solutions, Legal, and client)
• Participate in or lead project assignments such as new legal entity and deal structures, and product development.
• Support basic research around risk profiles of financial solutions.
• Peer review workflows which includes:
- Model and assumptions. 
- All supporting materials and studies used in deal structure
- Project and analytical studies to support proposals
• Peer review of assumptions and documentation 
• Assist other departments on various corporate projection work (e.g., budget projections, VNB, etc.)
• Communicate effectively with pricing, marketing, product and senior management staff on deal status, expectations, strategy, and pricing assumptions.
• Prepare and maintain workflow and documentation to satisfy all customers of the process (Sales, Actuarial, Financial, Operations)
• Work with Life Pricing Team, Product Area and Sales Team to continually improve processes with respect to both quality and efficiency
• May perform other duties as required.

Required experience and Education

• At least 5 years of life actuarial experience, including two years or more in a pricing and product development role; reinsurance industry experience preferred
• Solid analytical skills with strong problem solving ability.
• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance or Accounting or equivalent combination of education and experience.
• Excellent verbal and written communication skills. 
• Highly motivated self-starter
• Project and staff management experience desirable
• Must be able to work effectively independently and as part of a team.
• Proficiency in one or more life actuarial pricing systems (e.g., AXIS, TAS, Prophet)
• Ability to work extended hours as necessary to meet transaction and project deadlines
Personal Competencies:
• Problem Solving - Identifies and analyses issues, proposes and rolls out relevant solutions after appropriate approvals.
• Communication - Knows how and when to develop/sustain a message and/or an idea (speaking and writing), uses the right tools to present information.
• Resilience - Demonstrates an ability to step back when facing difficult situations and to bounce back after a failure.
• Decision Making - Makes decisions and/or rolls out the decisions taking into account all available information.
• Accountability - Alerts, raises the critical points when needed, shoulders and corrects his/her decisions and shows responsibility regarding cost management.
• Commitment - Makes effort to bring his/her skills and uses his/her expertise to contribute to the success of the Group.
• Curiosity - Demonstrates an appetite for learning and developing his/her-self in his/her field of expertise, can develop new practices and methods in relation with his/her day-to-day work.
Digital Competencies:
• Ability to employ information: identify, recognize, record and store digital information to facilitate retrieval and use
• Ability to access information: locate, select and retrieve digital information
•  Ability to determine data's quality, value, and relevance in different contexts
• Ability to turn information into business insights, analyze trends and how to compare or combine relevant data sets
• Apply security measures in digital environments: protect hardware, software applications, data and personal information
• Ability to create information: generate new digital content and knowledge by organizing, integrating, adapting and applying digital information
• Ability to encrypt data
• Ability to identify and assess accurate sources of information
Required Education:
• Bachelor of Arts or Science in Actuarial Science, Mathematics, or related field and equivalent work 
English required.

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