Senior Valuation Actuary (L&H)

Job Summary

As a key member of the SCOR China Life & Health Reserving team, you will be responsible for supporting L&H group reserving activities covering IFRS4, IFRS17, and Solvency II, as well as China local reporting if necessary. This includes preparation of quarterly reserves, uploading these into SCOR systems, understanding and analyzing the results and movements, reviewing the work of other team members, and producing reports for relevant reporting bases.

You will have the opportunity to liaise with colleagues across the SCOR group, explaining the results to our stakeholders and participating in strategic projects.

About the Department: APAC L&H Reserving

The APAC L&H Reserving team is based in SCOR’s offices in Singapore, Sydney, Beijing, and Seoul, covering Life & Health business in approximately 30 countries and 13 legal entities in the region. We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders. The department is led by the Head of L&H Reserving APAC.

Responsibilities

Key duties and responsibilities

• Lead the production of L&H reserves for Group results (IFRS 4, IFRS 17, SII) each quarter, including retrocession treaties, participating in the landing process, and ensuring the results are robust.
• Work closely with the APAC modelling team to ensure related modelling activities are well discussed and executed.
• Provide value-adding insight on the drivers of financial performance, movements in IFRS and SII results, experience emergence, and recommendations for management actions.
• Lead the external audits and relationships with local auditors in relation to actuarial topics.
• Support China GAAP and solvency closing for China L&H business, including methodology, model enhancement, quarterly reporting, and documentation preparation.
• Support various financial and valuation projects as needed.

Relationships

• Work closely on a day-to-day basis with the team based in China, which will involve some planned travel to the market.
• Collaborate with stakeholders across the group, based in Singapore, Cologne, Paris, and Dublin, particularly the APAC L&H Reserving team and the APAC Modelling team.
• Liaise with other local teams based in China, including Technical Accounting, Finance, and In-force Management as needed.
• Work closely with other teams within APAC, including the L&H business unit, wider Finance team, Pricing, and Risk management, to share common knowledge and purpose.

Qualifications

Required experience

• Fellow of international actuarial bodies (FSA, FIA, FIAA or equivalent).
• Experience in relevant technical areas: IFRS4, IFRS17, Solvency II, experience analysis, or local statutory reporting. Prophet/Python experience would be advantageous.
• Minimum of 10 years relevant experience.
• Experience in financial reporting and valuation for a Chinese reinsurer, direct insurer, or consulting firm with knowledge of the China insurance industry is preferred.

Personal competencies

• Fluent spoken Mandarin as this role requires working with the China team and market.
• Highly organized and proactive, with the ability to manage multiple competing priorities.
• Able to provide effective challenge to other senior leaders.
• Enjoys working at pace, in a collaborative and open environment.
• Self-motivated and dedicated to meeting the expectations of internal and external stakeholders.
• Excellent analytical and conceptual skills, with a solution-focused mindset.
• Experience of reviewing others' work and managing tasks independently.
• Creates a supportive environment when coaching junior members within the team and when working with other teams and colleagues.
• Promote continuous improvement and development.

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. 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.” This serves to build momentum that drives the Group forward and as a compass to guide our actions and choices, 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.