This role provides a great opportunity to gain experience in reinsurance pricing and modeling, and to apply analytic skills to support and influence business decisions in a dynamic and collaborative environment. You will join a skilled and talented team supporting the US Casualty Underwriting group, pricing treaties, identifying key performance drivers, conducting market studies, updating pricing parameters, and assisting with ad hoc actuarial projects.
Responsibilities
- Work closely with US casualty underwriters to analyze and price reinsurance contracts, quantify the impact of contract features, provide an understanding of the key risk loss drivers, and advise them on key pricing related issues.
- Perform market studies to stay on top of key emerging trends and participate in projects to update pricing parameters including loss trends, rate changes, loss development factors, exposure curves, etc.
- Assist in studies to improve pricing methodology, enhance the efficiency of pricing processes, and apply sound actuarial judgement to help achieve long term profitability for US casualty and SCOR.
- Participate in broker and client visits, audits, and renewal meetings.
Qualifications
- A bachelor's degree in Mathematics, Actuarial Science, Economics, Engineering, or another STEM discipline.
- 3+ years of insurance or reinsurance pricing experience preferred
- Experience with Umbrella, Excess Casualty, General Liability, and Commercial Auto lines is a plus
- Passed at least 4 Actuarial Exams; working towards ACAS and FCAS credentials
- Skilled in Excel and SQL; experience with R, Python, or similar tools
- Strong analytical and problem-solving skills; highly motivated
- Collaborative team player able to work well with diverse groups
- Effective written and verbal communication; can explain complex topics simply
- Excellent organizational and time management skills
Relocation assistance within the U.S. is available for this position. Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.
Hybrid Work Policy: SCOR is committed to an "in office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.
Pay Range for roles performed in IL: $112,500-$137,500 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long-term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.
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.
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.