Valuation Actuary - 12 months

Posted 8 Hours Ago
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Sydney, New South Wales, AUS
In-Office
Senior level
Insurance
The Role
The role involves financial reporting, Prophet modelling, quality assurance, and process optimization within the ANZ Valuation team, while also supporting reserving and capital management functions.
Summary Generated by Built In

Job Summary

This role provides key support to the reserving, capital management and assumption setting functions of the ANZ Valuation team. 

You will support quarterly reporting of financials of SCOR’s Australia & New Zealand business on the group basis.

This is a 12‑month full-time contract position as maternity leave cover, with a planned start date in mid-August 2026based in Sydney and reports to the Head of Life & Health Reserving, AN. 

Responsibilities

Key duties and responsibilities

Financial Reporting

  • Calculate insurance contract liabilities including impacts of assumption, model changes and sensitivities

  • Upload cashflow projection data and estimates into reserving systems

  • Ensure correct data flow to downstream systems

  • Explain financial results including analysis of change 

  • Propose reserving assumptions based on experience study results

     

Prophet Modelling

  • Setup and run Prophet cashflow projection models

  • Perform user acceptance testing of model changes as required

Quality Assurance and Business Process Optimisation

  • Assess reasonableness of projections and financial results

  • Validate data quality in SCOR reserving systems

  • Execute controls in the valuation process 

  • Respond to internal reviewers’ queries

  • Optimise business processes through automation of processes
  • Connect with SCOR’s Asia-Pacific actuarial community

Qualifications

Experience

  • Fully qualified actuary or partially qualified actuary progressing through exams

  • Knowledge of IFRS17 essential

  • Life insurance financial reporting or valuation experience required

  • Highly proficient user (coding not required) of Prophet actuarial projection system

  • Advanced Excel skills

  • Advanced SQL and Python programming skills

     

Competencies

  • Agile, resilient and comfortable with handling ambiguity, shifting priorities, adapts quickly to new information and requirements

  • Inquisitive and analytical mindset knowing links between data, systems and processes 

  • Capable of balancing precision and practical business mindset

  • Effective written and oral communication skills

  • Strong problem solving, time and project management skills

  • Enthusiastic, “can do” attitude approach to fast-paced work

  • Manage the reasonable expectations of stakeholders

  • Work collaboratively with teams in multiple geographic SCOR locations 

Required Education 

  • Associate or Fellow of the Actuaries Institute of Australia (or equivalent)

  • Relevant degree in an actuarial studies, commerce or related field

About Us

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.

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The Company
HQ: Paris, Paris
4,492 Employees

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.

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