Pricing Actuary Expert

Job title:

Pricing Actuary Expert

Company:

SCOR

Job description

Job Category: Actuarial PricingJob Description:The role covers all aspects of

• Pricing markets within Paris & MEA area, as well as GCU contracts
• Leading the development of pricing methods and tools
• Leading the development of market benchmarks
• Encouraging team engagement and fostering opportunities for team members to expand their market knowledge and deal-specific information through close collaboration with underwriters
• Excelled at identifying key drivers impacting the portfolio performance to support the underwriting in the decision-making and drive company growth in the region
• Regularly providing technical guidance and training of junior staff and interns

Serving as a subject matter expert in specific markets and lines of business, mentor emerging actuaries or cat modelers, and spearhead various projects and studiesResponsibilities:Key duties and responsibilitiesDrive Transactional Pricing:
The individual in this role will not only execute the following tasks independently and with expertise, but also provide technical leadership, guiding others in the team and driving continuous improvement in our processes and methodologies:

• Provide risk assessment of contracts and offer technical support to Underwriting teams through transactional pricing and modelling and provide peer review for programs up to the D risk level
• Deliver ad-hoc services for Underwriting and external clients as needed
• Contribute to the calibration of pricing parameters in xAct, under the guidance of the Central Pricing Team (CPT)
• Drive performance and profitability analyses in collaboration with the portfolio monitoring team
• Assist in R&D activities to improve SCOR’s view of risks and the pricing and modelling models, in close collaboration with P&C operations (Non-Cat R&D)
• Participate in the development and sharing of knowledge across teams

Business Partner to Underwriting:
Work alongside underwriting colleagues to analyse and price reinsurance contracts in accordance with guidelines and deadlines, identify and communicate key risk loss drivers, and provide advice on pricing issues

• Proactively provide insights for and participate in the planning process
• Regularly participate in client meetings to better understand client/market risks, skilled at giving structural advice and new ideas, drive demand-based product innovation

Influence decision-making:
Influence business decisions by providing pricing recommendations and participating in strategic committees on planning and performance steering for the regionP&M activities, processes and methods improvement:
Participate in the evaluation and enhancement of the P&M processes, workflows, methods, tools (xAct, vendor models, new tools, …), identifying opportunities for automation, standardisation and streamlining to gain efficiency, focus on the creation of innovative and tailor-made solutions adapted to the change in portfolio mixP&M Tactical Initiative follow up and enhancement:
Lead the development of new insurance products and manage product consulting services to generate new businessProjects:
Participate in projects, interacting closely with other regions and working with P&C Operations and other stakeholders
Participate in projects, interacting closely with other regions and working with P&C Operations and other stakeholders. Be key contributor to cross-functional, global projects, to shape the risk view philosophy of SCORCross-functional communication:
Participate in the feedback loops with underwriting, claims, reserving, finance, accumulations to ensure accurate and timely information exchange, resolve issues and support business objectivesCompliance and Governance:
Ensure the adequate compliance through internal controls over the pricing and modelling activities in your region. Ensure a robust governance process between P&M, Central Pricing and UnderwritingGuidelines and Frameworks:
Ensure the adequate application of RI & MGA Pricing Guidelines and Best Practice; participate in its development and contribute to the improvement of P&M framework and methodologiesQualifications:Required experience & competenciesExperience

• Work experience in the financial services industry, preferably in reinsurance/insurance with a focus on analytical and/or actuarial work, for instance the development and structuring of reinsurance products, financial instruments, and pricing tools
• Strong mathematical, modelling, technical background
• Knowledge in P&C lines of business and reinsurance underwriting is an advantage
• At least 10 years’ experience in leading actuarial topics; experience in managing large projects across multiple teams in different locations is considered a plus

Leadership and Expertise Skills

• Providing subject matter expertise, and pushing the boundary to technical innovation, be a reference for the team, advise managers
• Ability to drive engagement via leading topics or projects
• Collaborative, who establishes excellent relationships and brings people closer together
• Deliver tangible results that drives an organisation success
• Proven decision and problem-solving skills
• Strong interpersonal skills with ability to work effectively with team members and a wide range of stakeholders

Personal Competences

• Highly motivated and driven individual who has the maturity to work with a diverse group of personalities
• Strong work ethics and ability to work in a rapidly changing and complex environment
• Strong organizational and time management skills
• Exceptional communication and collaboration skills with effective interpersonal verbal and written skills to communicate with non-technical colleagues
• Exceptional analytical and problem-solving skills
• Excellent business acumen – synthesizes analytical skill with business insight
• Creative initiative-taker, dynamic and driven, who formulates new concepts, challenges the status quo
• Strategic thinker, self-starter who finds creative solutions and brings positive attitude to address challenges
• Willingness to travel in the region

Required Education

• Excellent academic qualifications including a minimum of a bachelor’s degree in mathematics, actuarial science, other scientific discipline (statistics, physics, natural science), economics or finance
• An advanced degree (master’s or PhD) would be a plus
• Insurance qualification or actuarial credentials are strongly preferred

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.

Expected salary

Location

Paris

Job date

Sun, 25 May 2025 05:14:25 GMT

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