Internship Emea Jobs (NOW HIRING)

As part of SCOR's Reserving department, the team manages and oversees the EMEA P&C Reserving activities in all its dimensions (Reserving and resilience strategy, modelling excellence and risk assessment cycles, quarterly closing analysis, governance and regulatory activities, feedback loop with P&C stakeholders, reserving quarterly and annual process reengineering, and global initiatives/working groups). 

The team works very closely with P&C Business functions (Pricing and Modelling, Claims, Underwriting), Risk functions (Group Reserving, Risk management and Risk modelling) as well as other Finance functions.

You will support the activity of the Head of EMEA P&C Reserving in the day-to-day reserving tasks. 

The P&C EMEA Reserving team is made of 9 people and manages large portfolios of SCOR with worldwide exposure and all lines of business, therefore it gives a good overview of a leading reinsurance company.

It is a key area for SCOR and include the following entities: Paris, Cologne, Madrid, South-Africa, Argentina, Zurich and Italy branches of SCOR SE, SCOR Ireland, and SCOR Global Reinsurance France).

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.

• 2 to 5 years of relevant experience in insurance or reinsurance with reserving skills (internship or 1st role). 
• Strong understanding of reserving practices and products, exposure to IFRS17 or Solvency II preferred

• IT Development experience required (Python, VBA). 

  Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Power BI). 

  Appetence for AI.

• Strong analytical skills.
• Strong communication skills in English, French would be an advantage.
• Able to apply common sense and sound basic judgment in day-to-day activities.
• An outgoing nature, and the willingness to belong to a larger team.
• A personality capable of working efficiently across cultural boundaries

• Master's degree in Actuarial science or similar background.

Under the management of the Head of EMEA P&C Reserving, you will strongly contribute to and support the following activities:

• Carry out the quarterly technical closing (in both IFRS17 and Solvency II). 

• Perform the annual analysis relating to P&C EMEA Technical Reserves (Best Estimate, Patterns, Coefficients of variation).

• Help develop reserving studies including specific methodologies for complex segments.

  • Support the update of current studies (French Medical Malpractice, French Motor Liability, Decennial, Non-proportional Casualty)

  • Development of new studies in collaboration with Pricing, Risk, Underwriting and Claims

  • Conduct studies of commutations 

• Make presentations about technical reserving topics (specific studies, new methodologies, quarterly feedback loop with other functions, tools...)

• Contribute to the development of automated tools to complete simple operational tasks and reduce operational risk. 

• Participate in worldwide working groups within the central team to improve actuarial assumptions, parameters, methods, and processes and to provide actuarial insights to our stakeholders.

• Develop internal collaboration with other functions including Finance, Actuarial Pricing, Underwriting, Claims, and local Accounting.