L&H Closing Actuary

Job Description

The Closing Actuary supports processes related to:

• the best estimate review and valuation of SCOR’s life liabilities for the Group and Legal Entity used for the annual and quarterly SII EBS and IFRS17 BS.
• data on the risk exposure of the Group’s life portfolio for use in the calculation of required capital using the group’s internal model.

Responsibilities

• Provide detailed validation and take on internal review of the actuarial modelling carried out for selected local life modelling teams.
• Quarterly update and analyse global economic assumptions used for the Life liabilities.
• Lead and support the quarterly production of SII and IFRS17 central adjustments.
• Provide input to the coordination of data delivery to Life Risk Modelling, Life Pillar 3, and other teams.
• Support the SII to IFRS17 alignment project.
• Prepare and provide reports according to IFRS17 and SII requirements.
• Support implementation of key process and data quality controls by local modelling entities.
• Analyse and present projected cash flow and risk data to develop relevant and clear management information.
• Support development of guidelines.
• Support development of the processes and controls of the team.

Qualifications

Experience:

• Multi-year specific work experience in (re)insurance with a focus on actuarial modelling and/or financial and risk analysis of life insurance/reinsurance products.
• Advanced IT skills of standard software (MS Office).
• Basic experience with database software (Python, SQL).

Personal Competences:

• Advanced analytical and mathematical skills.
• Advanced communication skills.
• Personal competencies according to company values.

Required Education

• University degree/Master degree in Mathematics, Actuarial Science with the main focus on mathematics or equivalent.
• Preferably membership in actuarial association/qualified as an actuary or equivalency from a recognized organization.

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.

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: we care about clients, people, and societies; we perform with integrity; we act with courage; we encourage open minds; and we thrive through collaboration.