Director Actuary (US L&H Performance)

Job Description

This position will work alongside a group of actuaries and finance professionals whose purpose is to ensure existing financial information and future projections are understood and communicated timely during the close process. Strong communication skills are required as the leader and the team depend upon other functional areas to produce data that can be analyzed and presented to understand overall profitability in the current moment and across a long-term time frame.

This position will require close coordination across the organization with different stakeholders responsible for gathering accurate and timely information to be shared with executive management to make business decisions. Strong analytical and communication skills are required to consume and challenge the financial information and to best represent an analytical review to the management team.

Responsibilities

Communication, stakeholder management, and change management:

• Ensure that a holistic finance view of performance (Balance sheet as well as income statement) is clearly communicated within finance and L&H.
• Promote the adoption of new Performance KPIs, explaining the drivers and implications clearly to all stakeholders.
• Support the VP US L&H Performance in leading change management in relation to the measurement of the Performance of the business.
• Support the VP US L&H Performance in building analytical capabilities within the team to form an informed finance view across all the target KPIs.
• Provide and explain Key Performance Indicators to key stakeholders in the US and across SCOR Group.
• Develop executive-level presentations that can be shared with the senior management team detailing the full scope of the situation and providing actionable financial information.
• Partner closely within the US Corporate Actuarial team, especially the financial development and valuation teams, to explain the reasonableness of results and suggest modeling enhancements from insights.

Performance analysis:

• Measure and monitor Performance of the business using Performance KPIs.
• Lead the development of performance measurement KPIs under Solvency II/IFRS17 for the U L&H business and create a repeatable process to monitor performance against them.
• Support the understanding and analysis of quarterly financial information relating to the US L&H reinsurance business in accordance with Solvency II and IFRS17.
• Support leadership in the analysis of underlying performance and identify emerging trends.
• Develop, maintain, and review analyses as needed of financial results, focusing on improving efficiency, business insights, and auditability.
• Explain drivers of change in sensitivity analysis by having a solid understanding of business composition.
• Support the production of the quarterly landings for group IFRS 17 purposes.
• Ensure timely and accurate delivery of the quarterly and annual deliverables for the team, with a keen eye to optimize processes and attain efficiencies.

Performance Analysis of specific actions:

• Prepare the performance analysis of any specific in-force actions that are under consideration.
• Ensure that the impacts on Performance are clearly understood and communicated – both for current and prospective periods.
• Complete special assignments and projects for the department as necessary.

Forecasting of financial performance:

• Forecast financial performance for operating plan and full-year landing update purposes.
• Support and direct the financial development of the US L&H strategic and operating plan, working closely with key business partners.
• Perform the production process of IFRS 17 Operational Planning for the US market to ensure timely submission, good data quality, and documentation of business drivers and key risks to plan.
• Provide effective communication of plan progression for each iteration of operating plans and the corresponding plan assumptions and key risks to plan.

Transformation and simplification:

• Responsible for simplifying and transforming relevant processes such that the majority of time is devoted to analysis of results versus production of figures (80/20 split expected between analysis and production).
• Contribute to the development of tools within the context of wider group developments and to the adoption of available technology to maximize the efficiency of our processes.
• Utilize technology to perform job functions more efficiently and to further automate the production processes. Share technology solutions with other associates.

Qualifications

• Bachelor’s Degree in Accounting, Finance, Actuarial science, or relevant work experience.
• Fellow of the Society of Actuaries or other equivalent institution.
• 7+ years of financial analysis experience.
• Robust analytic and critical thinking skills with strong problem-solving ability.
• Strong interpersonal and communication skills, including verbal, written, and relationship building.
• Ability to articulate the complexity of processes clearly and simplify complex processes.
• Experience with data analytic and visualization tools (Alteryx, Tableau, SQL).
• Demonstrated ability to identify and implement departmental processes and controls and ensure appropriately documented.
• Experience communicating, developing, implementing, and controlling complex financial data and procedures.
• Fellow from Society of Actuaries or other institution is a must.

Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

Hybrid Work Policy: SCOR is committed to an "in office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.

Pay Range: for roles performed in NC & KS: $142,000-$192,000 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role, and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long-term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays, and paid time off.

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.