Senior Actuarial Analyst, Longevity

This role will support all aspects of Deal Management from being part of an execution team for new deals to onboarding those deals and maintaining them on SCOR’s existing platforms. The role holder will work closely with senior actuaries in the continuous improvement of the team’s processes and tools. As part of loading new deals, the role holder will need to model the complex underlying benefits. Strong data analysis skills will therefore be important. 

There will be opportunities to work in projects across the wider longevity team, including Business Development and Research. Working across a number of areas within the wider team will help develop a breadth of knowledge and skills of the overall Business as well as the tools and processes used. 

The post holder will be expected to support the senior team in front of clients and other stakeholders (internal and external), with the expectation of them taking the lead and building out those relationships themselves over time. Excellent communication skills and a professional and confident presence will therefore also be required.

The role holder will be exposed to a wide range of tasks across the whole team including:

• Ensure treaties are adhered to, resolving breaches where necessary in a client focused way. 
• Build, adapt and sign-off complex calculation tools for modelling claims and premiums. 
• Use various tools to calculate collateral exposures of SCOR and SCOR’s clients under the terms of the reinsurance arrangement. 

• Work with senior actuaries to build out and maintain a framework for managing, and frequently monitoring the appropriateness of collateral exposures of SCOR and SCOR’s clients under the terms of the reinsurance arrangements

• Play an active part in building and maintaining relationships across the pension de-risking community of our market both in the UK and overseas.

• Take an active role in project managing in-force  projects such as basis reviews, novations and trivial commutations, and help to draw in internal and external stakeholders as appropriate.

• Perform analyses of in-force deals for the purpose of setting future valuation assumptions, refining future pricing bases and spotting potential treaty breaches and irregularities.

• Work across the team to continue to helpto standardise and modernise the in-force management processes and tools.

• Analyse areas within existing processes for automation and implement where appropriate, adopting Agile practices to facilitate change

• Play a significant role in new deal execution teams.  This may include model testing, initial due diligence, understanding and shaping of the client’s administration processes, treaty design and wording as well as helping to build out the long-term client relationship.

• Co-ordinate activities across teams, both UK and non-UK, to help onboard and maintain recently transacted longevity arrangements to SCOR’s existing platforms.

• Develop and maintain a good understanding of the risks of longevity business.

There will be the requirement to oversee the work of more junior colleagues and to build networks and co-ordinate work across other internal teams both inside and outside the UK.

Experience: 

• Good progress with actuarial exams since leaving University; completed all Core subjects.

• A few years of post University insurance/pensions/reinsurance/consultancy experience

Necessary Skills: 

• Knowledge and understanding of UK annuities and benefit profiles

• Ability to model financial products (particularly escalating annuities)

• Excellent communication (written and oral) and interpersonal skills

• Strong data analysis skills

• Attention to detail

• Motivated to learn and share best practices and learnings

• Good team-working and collaborative skills

• Ability to work to hard milestones and deadlines 

• Ability to problem solve

• Professional and confident presence

Digital Competencies:

• ‘R’ programming language
• Microsoft Word (Intermediate), PowerPoint (Intermediate) 
• Prophet
• Excel (Intermediate)

Education 

• Undergraduate degree – minimum grade 2:1, or equivalent qualifications.

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.