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Scor

Scor

Actuary, Economic Value Innovation

Actuary, Economic Value Innovation

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Job Details
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Uploaded On
April 7, 2024
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Location
Charlotte, United States
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Remote?
No
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
83%
""
Overall Score
3.8 / 5

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Job Description

The Corporate Actuarial team is seeking an energetic individual looking for opportunities to participate in the transformation of actuarial reporting processes and analytics. You will be supporting the development and buildout of actuarial reporting and analysis tools of the US Life business.

Responsibilities

Key duties and responsibilities
  • Participate in the development of reporting analytic tools such as leadership dashboard on the technical cashflow projection and BI illustration of how actual experiences are emerging, etc.
  • Support the development of reporting tools to help deepen our understanding of entire suite of reserving metrics under IFRS17 (PVFCF, CSM and RA) and Solvency II (Own fund walk, Solvency Ratio, SCR, RM)
  • Partner and feedback the business teams to leverage economic value reporting insights through the development and delivery of client analytics to identify trends, risks, and opportunities.
  • Address requests from senior management of SCOR US Life and assist the senior management team in understanding how the financials would evolve in the future and/or under certain scenarios.
  • Support and advocate a culture of learning and innovation within the team to deliver and enhance tools, processes, and metrics that advance the understanding of our business and optimize the team's efficiencies.
  • Serve as Financial Development Partner by recommending and working closely on model and process development, improvements, and enhancements for actuarial reporting.
  • Provide support and liaise with group and business unit functions for Group reporting topics.
  • Surge support for the actuarial reporting & analysis work where needed, such as annual capital model runs, etc.
  • Support the development and implementation of company-wide strategic initiatives and special assignments as required.
  • May perform other duties as assigned.


Qualifications

Required experience & competencies
  • Fellow of the Society of Actuaries (FSA) designation (or equivalent)
  • Must have 5+ years actuarial experience with financial valuation, modeling, cash flow analysis in the insurance or reinsurance industry.
  • Demonstrated ability to work as a collaborative team member in an intellectually vibrant and commercially sophisticated environment.
  • Ability to work in a fast-paced, dynamic environment, maintaining an agile mindset.
  • Ability to build & maintain relationships with a diverse group of colleagues throughout the SCOR Group
  • Demonstrated ability to understand complex models and perform valuation, modeling, and analysis to deliver required results.
  • Demonstrated ability to identify and implement departmental processes and controls and ensure appropriately documented.
  • Proficient in actuarial software, database, and reporting tools.

Preferred experience:
  • Experience with BI and analytics tools, e.g. Tableau preferred.
  • Expertise in IFRS, Solvency II (or similar economic value reporting method) preferred.
  • Experience mentoring and developing junior team members.
  • Strong interpersonal and excellent communication skills, including verbal, written and relationship building.


About Us

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.
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Working at 

Scor

SCOR is a leading global reinsurer with a rich heritage spanning several decades. With a strong presence in more than 160 countries, SCOR provides risk management and reinsurance solutions to clients worldwide. As an actuary at SCOR, you'll be part of a highly skilled team that plays a critical role in assessing and managing risks. Actuaries at SCOR utilize their expertise in statistical modeling, data analysis, and risk assessment to evaluate risks, develop pricing strategies, and ensure the financial stability of the company's reinsurance portfolio. Collaborating with cross-functional teams, actuaries at SCOR contribute their insights and analyses to support informed decision-making. Actuaries analyze complex data sets, assess risks, and provide valuable recommendations to help clients manage and mitigate their exposure. SCOR values professional growth and provides actuaries with ongoing training and development opportunities. Actuaries have the chance to enhance their skills, stay at the forefront of industry advancements, and contribute to the success of the company. Join SCOR's esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, make a significant impact on managing global risks, and enjoy competitive benefits in a collaborative and dynamic work environment.

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