You will support the activity of the Central P&C Reserving Lead on their key mandates including: quarterly closing activities coordination, quarterly performance analysis for Finance and P&C top management, feedback loop with P&C stakeholders, simplification and automation of Reserving processes, reserving and resilience strategy.
As part of SCOR’s Reserving department, the team manages and oversees the worldwide P&C Reserving activities in all its dimensions (reserving strategy, quarterly reserving performance, regulation and compliance, feedback loop and business performance, modelling, data and tooling) as well as contributes to trans functional activities.
The team works very closely with the other finance departments (Finance and Reporting, Liquidity, Investors relations), Group Actuarial as well as P&C Business functions (Pricing and Modelling, Claims, Underwriting
ResponsibilitiesUnder the operational management of the Central of P&C Reserving Lead, you will contribute to and support the following activities:
Support the quarterly reserving closing and performance analysis (Actual versus plan, Actual versus Expected, analysis of change) in coordination with local Reserving
Support regulatory compliance activities at Group level (Regulatory bodies, auditors) and well as comitology and reporting with/to senior management.
Support the design and monitoring of the P&C feedback loop notably on the alignment between P&C functions (Pricing and Modelling, Underwriting, Underwriting management, Middle office) and business performance steering/monitoring activities.
Support the P&C Reserving strategy consistently with group’s strategic objectives and priorities, contribute to the short and medium-term reserving options from resilience management and data/actuarial/regulatory perspectives.
Be instrumental in the P&C Reserving community activity coordination (Knowledge, training, transversal projects, modelling)
Support the transversal data and modelling automation/simplification/ modernization initiatives.
Participate to strategic or transversal projects.
Establish strong relationships within the CFO office departments such as P&C performance and Planning, Investors relationship, Technical Closing) and with Group Actuarial team and the P&C Business Unit teams (Pricing and Modelling, Underwriting, claims).
Under the operational management of the Central of P&C Reserving Lead, you will contribute to and support the following activities:
Support the quarterly reserving closing and performance analysis (Actual versus plan, Actual versus Expected, analysis of change) in coordination with local Reserving
Support regulatory compliance activities at Group level (Regulatory bodies, auditors) and well as comitology and reporting with/to senior management.
Support the design and monitoring of the P&C feedback loop notably on the alignment between P&C functions (Pricing and Modelling, Underwriting, Underwriting management, Middle office) and business performance steering/monitoring activities.
Support the P&C Reserving strategy consistently with group’s strategic objectives and priorities, contribute to the short and medium-term reserving options from resilience management and data/actuarial/regulatory perspectives.
Be instrumental in the P&C Reserving community activity coordination (Knowledge, training, transversal projects, modelling)
Support the transversal data and modelling automation/simplification/ modernization initiatives.
Participate to strategic or transversal projects.
Establish strong relationships within the CFO office departments such as P&C performance and Planning, Investors relationship, Technical Closing) and with Group Actuarial team and the P&C Business Unit teams (Pricing and Modelling, Underwriting, claims
- 5 to 7 years as an actuary with a P&C background preferably in a (re) insurance area
- Good level of regulatory finance and IFRS 17 framework
- Reserving experience is not essential but a definite advantage.
- A good knowledge of (re) insurance P&L and financial statements (specially under IFRS 17) is a plus
- IT Development experience required (Python, VBA). Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Power BI). Appetence for AI. A user level knowledge of ResQ is a plus.
Personal Competencies:
- Organisational skills, rigorous, ability to meet deadlines
- Proactive, autonomous
- Results driven and passion for quality
- Excellent interpersonal skills
- Very strong communication skills, both verbal and written, excellent level of English
- Flexible due to a challenging and demanding environment.
As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.
As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
Skills Required
- 5 to 7 years as an actuary with a P&C background
- Good level of regulatory finance knowledge and IFRS 17 framework
- IT development experience (Python, VBA)
- Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Power BI)
- Reserving experience
- Knowledge of (re)insurance P&L and financial statements (especially under IFRS 17)
- User-level knowledge of ResQ
- Appetence for AI
- Organisational skills, rigor, ability to meet deadlines
- Proactive and autonomous working style
- Results-driven with passion for quality
- Excellent interpersonal and communication skills, very strong written and verbal English
- Flexibility to work in a challenging and demanding environment
What We Do
SCOR, one of the world’s largest reinsurers, serves more than 5,000 clients worldwide, providing a diversified and innovative range of solutions to control and manage risk. SCOR delivers advanced financial solutions, analytics and services across all dimensions of risk in Life & Health, Property & Casualty, and Investments. Reinsurance lies at the intersection of technical expertise and scientific progress. Models, data, and pricing and reserving tools are essential, yet they are never sufficient on their own. Sound risk decisions require expert judgment, experience and perspective. This is what we call the Art and Science of Risk. Reinsurance is a knowledge industry, where expertise grows through accumulation, transmission and practice. Across the Group, 3,600 experts based in more than 35 offices worldwide contribute to this collective intelligence. Actuaries, underwriters, risk management specialists, and Tech & Data experts transform data into insight, explore extreme scenarios, define the boundaries of insurability and help anticipate emerging risks. Together, they strengthen the resilience of SCOR, our clients and the societies we serve. This expertise is built through shared experience,continuous questioning and collective reflection. Like artists, we belong to schools of thought, learning first to observe, then to replicate, and ultimately to innovate. This ongoing transmission of knowledge enables SCOR to develop a distinctive approach, combining rigor, creativity and long-term vision in the service of risk mastery. This shared commitment underpins SCOR’s role as a global reinsurer. By turning risk into resilience and sustainable value, our collective of experts acts with responsibility and purpose. Together, we help protect the future, and shape it, for our clients, for society and for generations to come.
