Key duties and responsibilities
This role is responsible to deliver the following analysis across Solvency II and IFRS17 for each legal entity within the SCOR Group which accepts US business:
- Business partner for US Reserving team with other legal entity reserving teams across the SCOR Group.
- Ensure the timely and accurate delivery for US reporting and analysis by legal entity.
- Produce analysis and provide insights to explain the quarterly Analysis of Change in relation to key reserving metrics (IBNP, PVFCF, BEL, CSM), including impacts of model changes, assumption changes and enforce actions (novations, recaptures etc.).
- Produce analysis and provide insights to explain the annual Capital Model run results, explaining drivers of change across multiple sets of sensitivities by having a solid understanding on business composition.
- Liaise with SCOR's Life Risk Modelling team to understand and explain the impacts to Risk Adjustment, Risk Margin, Own Funds, and Solvency Capital Requirement.
- Provide support through the annual assumption review in assessing and explaining impacts by legal entity, working closely with the wider US Reserving team.
- Partner closely with wider US Reserving team to ensure analysis by legal entity is consistent with analysis for the overall US view.
- Partner closely with the SGLA's Financial Controller's cashflow production team to ensure appropriate controls are in place to cover legal entity reporting.
- Support legal entity reserving teams across the Group with specific audit or regulatory queries in relation to US business.
The role will have a clear focus on transformation and simplification:
- Review and enhance the process to produce legal entity results, focusing on building an efficient process throughout the chain which allows delivery of high-quality analytics and insights. Working closely with the wider Reserving teams to deliver on this.
- Identify opportunities for simplification and propose solutions.
Qualifications
Required experience & competencies
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellence
- FSA (or equivalent)
- 7+ years' experience with financial reporting and cash flow analysis or similar.
- Experience of IFRS17 and Solvency II reporting a definite advantage.
- Excellent interpersonal and communication skills, including verbal, written and relationship building with ability to present insights to senior leadership.
- Demonstrated ability to understand broader picture and impact of decisions.
- Demonstrated ability to understand complex models and analysis to deliver required results.
- Technically astute within the actuarial discipline and industry software applications. Experience with Prophet & SQL is a plus.
- Well-organized and a self-directed individual who is a team player.
- Proven leadership skills and ability to make strategic decisions.
- Demonstrated ability to mentor junior team members and interns.
- Ability to build & maintain relationships with colleagues throughout the SCOR Group, within the US and globally.
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.
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.