Solvency Jobs (NOW HIRING)

As a key member of one of our L&H Reserving Teams, you will play an integral role in producing valuation results for SCOR's global Life & Health business.

Your responsibilities will span a range of valuation activities, including reporting under IFRS 17, Solvency II, and local statutory bases. You will help ensure that valuation results are produced, analysed and processed completely, accurately and efficiently through the reporting systems as part of the quarterly financial close process.

You will also contribute to other critical tasks such as data and results validation and analysis, sensitivity & stress testing, and process enhancements. Throughout your journey, you will receive mentoring and support to help shape your career path at SCOR.

This role offers the opportunity to collaborate with colleagues across the SCOR Group and participate in projects aimed at improving efficiency and innovation within the valuation process.

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.

Experience:

• A minimum of 2 years of relevant experience in insurance or reinsurance working in a valuation / reserving, cashflow analysis or actuarial modelling context

• Either pursuing actuarial exams actively and has made good progress, or holds an actuarial academic qualification (e.g. actuarial undergraduate or master's degree)

• Experience in understanding, explaining and analysing financial impacts and drivers of change

• Experience with actuarial database software, including SQL. Strong understanding of data structures and database concepts, and experience working with large volumes of data. Experience with data visualisation tools would also be a plus. 

• Some experience with programming languages, such as Python, would be an advantage
• Some experience as an end-user of actuarial modelling platforms (Prophet, AXIS, MoSes, or equivalent) is an advantage
• Strong understanding of Life and Health (re)insurance and reserving practices and products, exposure to IFRS17 or Solvency II preferred
• Advanced proficiency in Microsoft Office suite (Excel, Word, Access, PowerPoint)

Personal Competencies:

• Enjoys working at pace, in a collaborative and open environment with global teams
• Flexible and agile 
• Strong technical skill set, passionate about innovation and improving processes
• Excellent communication and interpersonal skills
• Proactive, takes strong ownership, committed to delivery
• Interest in career and skill development 
• Fluent English speaker

Required Education 

• Bachelor's degree in actuarial science, mathematics, statistics, economics, finance, engineering, physics or equivalent quantitative field

• Production support for IFRS, Solvency II and local statutory/GAAP results 
• Support in performing the Analysis of Change for various reporting bases 
• Liaise closely with local Technical Accounting team, Pricing & In-force Management teams, to ensure consistency 
• Maintain high quality documentation, validation checks and controls for reporting processes 
• Support the annual actuarial audit process 
• Review existing processes & tools to identify opportunities to streamline and automate, leveraging technology to increase efficiency.
• Work to provide quality output and value adding insights to results
• Liaise with stakeholders across the SCOR Group globally
• Work on the actuarial models for setting up of inputs, runs, extraction & review of output