The jobholder will be an ambitious actuary who wants to work as part of a Reserving team, providing a wide range of actuarial reserving services for non-Lloyd’s entities.
A key part of the role will be working on quarterly reserving, assisting on a wide variety of Reserving Projects.
ResponsibilitiesDeliver the analysis of the technical reserves on a quarterly basis for multiple lines of business
Deliver reserving projects, such as automation of current processes and modelling of specific lines of business
Deliver reporting for SCOR UK and SCOR Europe boards and other governance bodies as required
Lead improvements of certain models, visualisation tools and dashboards
Annual review of the UK portfolio and contribute to the actuarial report for the various UK and European legal entities
Carry out regular or ad hoc studies for specific segments
Work closely with claims team, finance team, underwriters and underwriting management and other members of the actuarial team to develop, review and maintain appropriate tools and methodologies
Communicate with external Actuaries, Auditors and external regulators when required.
Be able to respond to auditor queries and undertake audit defence to UK audit standards
Help enhance management information and reporting for the PRA and ACPR
Communicate key movement/trends/events to the business on a quarterly basis
Mentor, grow and develop junior members of the team
Post qualified i.e. Fellow of the Institute and Faculty of Actuaries FIA (or equivalent being FCAS, FIAA) with at least 7 years’ experience within a Lloyd’s/London Market reserving role an advantage.
Established, strong knowledge of UK and French GAAP, Solvency II and Solvency UK.
Fluent English Speaker
IFRS17 knowledge
Knowledge of regulatory requirements and an understanding of how they impact on the business
Strong knowledge and delivery professional standard requirements
Strong understanding of P&C (re)insurance and reserving practices and products
Significant experience in understanding, explaining and analysing financial impacts and drivers of change
Experience managing projects and effectively representing your department
Demonstrated ability to identify and implement departmental processes and controls and ensure that these are appropriately documents
Proficient in actuarial software, database and reporting tools including ResQ
Demonstrated ability to understand complex actuarial models
Advanced proficiency in Microsoft Office Suite (Excel, Word, Powerpoint)
Desired ability to code in VBA, SQL, Python and use Gen AI
A team player and enjoys working at pace, in a collaborative environment with global teams (actuarial, risk, claims and underwriting at a minimum)
Strong organisational and planning skills with ability to meet multiple competing deliverables and manage projects
Flexible and agile
Able to think independently with an analytical mindset and excellent analytical skills.
Acts with integrity and can make a principled stand where required.
Strong technical skill set, passionate about innovation and proving processes
Excellent communication and interpersonal skills, verbal and written that enable the candidate to communicate effectively with colleagues (especially underwriters), brokers and clients on a cross-border basis.
Proactive, takes strong ownership and committed to delivery
Interested in career and skill development
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
- Fellow of Institute and Faculty of Actuaries (FIA) or equivalent (FCAS, FIAA) with post-qualification status and at least 7 years' reserving experience
- Strong knowledge of UK and French GAAP, Solvency II and Solvency UK
- IFRS 17 knowledge
- Fluent English (verbal and written)
- Strong understanding of P&C (re)insurance reserving practices and products
- Proficient in actuarial software, database and reporting tools including ResQ
- Advanced proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
- Experience delivering quarterly reserving and contributing to actuarial reports for legal entities
- Experience responding to auditor queries and undertaking audit defence to UK audit standards
- Experience managing projects and representing the department
- Demonstrated ability to understand, review and implement complex actuarial models and methodologies
- Knowledge of regulatory requirements and their business impact (PRA, ACPR reporting experience advantageous)
- Ability to mentor, grow and develop junior team members
- Significant experience analysing and explaining financial impacts and drivers of change
- Desired ability to code in VBA, SQL and Python and to use Generative AI
- Experience within Lloyd's/London Market reserving roles (advantage)
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.
