Senior Pricing Actuary

The role covers all aspects of

• Independently Executing standard operational pricing tasks

• Regularly contributing to the development of pricing methods and tools

• Coordinating and participating in / executing P&M projects and studies

• Starting to provide technical guidance and training of junior staff and interns

Standard Operational Pricing tasks: The individual in this role will independently execute the following tasks with a high level of knowledge and experience:

• Perform standard operational pricing tasks related to data management (checking, capturing, reprocessing, importing) and modelling (loss model creation, data & indices assignment, modelling, calibration, blending, catastrophe accumulation)

• Support the adequate communication and collaboration within the nearshore team and with the onshore teams to ensure smooth renewal process following pricing/modelling guidelines

• Participation to annual studies, Standard dashboard creation, Testing and development of new methods/tools

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.

P&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 mix.

Projects:

• Participate in projects, working closely with onshore teams and collaborating with P&C Operations and other stakeholders.

• Lead projects.

Help expand SCOR's Analytical Capabilities:

• Tools: develop code, support testing and maintenance, and collaborate with IT.

• Functionalities: Consult stakeholders to ensure user feedback and findings following release of new tools are incorporated 

• Data Analysis:  extract insights from data to support decision-making within pricing / modelling teams, underwriting functions and management.

Dataflows: Maintain and streamline dataflows in Pricing & Modelling, P&C, and Group databases (PANEL, ARC Sandbox, Foundry)

Required experience & competencies

Required experience: 

• Moderate 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, expertise in digital technology

• Knowledge in P&C lines of business and reinsurance underwriting is an advantage

Personal Competencies: 

• 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 required

• Advanced communication and collaboration skills with effective interpersonal verbal and written skills to communicate with non-technical colleagues 

• Advanced analytical and problem-solving skills

• Sound knowledge of Microsoft Office (Proficiency in Excel). SQL, GIS and Programming skills ideally in R or Python.

• Professional Skills in data science, predictive modelling & analytics, machine learning, AI

• Professionnal Programming skills

• Creative initiative-taker, dynamic and driven, who formulates new concepts, challenges the status quo

• Self-starter who finds creative solutions and brings positive attitude to address challenges

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 qualifications or actuarial credentials are strongly preferred. 

• English : B2 level (CECRL)