Pricing Actuary

The role involves

• Executing standard operational pricing tasks

• Contributing to the development of pricing methods and tools

• Participating in P&M projects and studies

Standard operational pricing tasks: Under the supervision and guidance of senior staff (which can be located either in nearshore or onshore offices), the individual in this role will:

• 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)

• Communicate adequately and collaborate within the nearshore team and with the onshore teams to ensure smooth renewal process following pricing/modelling guidelines

• Participate in annual studies, create standard dashboards, and develop and test new methods/tools

R&D activities: 

• Collaborate closely with P&C operations (Non-Cat R&D) to enhance SCOR's understanding of risks and improve pricing and modelling models

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.

Projects:

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

• Lead small projects.

Help expand SCOR's Analytical Capabilities:

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

• 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

• Some 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, good knowledge in digital technology

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

• 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

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

• Good 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

• Professional Programming skills

• 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)