Associate Actuary

Job Description

This role is part of the US model development team and will have the opportunity to work with a wide variety of different teams including Experience Analysis, Inforce Optimization, Finance, Pricing, SCOR Ireland/France teams, and more.

You will be required to work with stakeholders to define business requirements, update model capabilities as needed and interpret and present results.

During the annual assumption update process, you will work with Experience Analysis to set and define model assumptions, build and test new capabilities in the model as needed, and perform runs to quantify impacts of changes.

These financial impacts are then presented to senior management.

You will also add value by continuously improving our end-to-end modeling processes and capabilities, focusing on achieving full automation of the quarterly Production process.

In doing so, you will help the team achieve its goals around automating the production of Prophet model results and producing insightful analysis of model results.

Responsibilities

• Support actuarial modeling projects at SCOR US, such as regular model releases, annual assumption updates, and process improvement projects.
• Partner with valuation and reporting teams, working closely on model and process improvements and enhancements for actuarial reporting.
• Develop automation and analysis tools to support the quarter-end valuation process.
• Perform financial impact assessment and support the explanation of financial results and business impacts.
• Ensure that appropriate and auditable controls, reconciliations, and documentation are maintained with respect to actuarial models.
• Build and maintain relationships with colleagues throughout the SCOR Group.

Qualifications

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics, or related field with a demonstrated record of academic excellence.
• Associate of the Society of Actuaries. Open to near-ASAs also.
• Actively pursuing fellowship designation from the Society of Actuaries (or equivalent).
• 2+ years actuarial experience with financial valuation, modeling, cash flow analysis in the insurance or reinsurance industry preferred.
• Experience with financial modeling, valuation, and cash flow analysis.
• Experience with life and annuity products.
• Strong interpersonal and communication skills, including verbal, written, and relationship-building.
• Ability to work efficiently and effectively in a team setting.
• Ability to understand complex models, solve problems, and perform analyses to deliver required results.
• Demonstrates curiosity and enthusiasm for continuous improvement.
• Able to balance the need for continuous improvement with the rigor and controls required of a valuation function responsible for producing key inputs to the financial statements.
• Experience with actuarial modeling software, preferably Prophet.
• Experience with actuarial database software, including SQL a plus.
• Experience with Python a plus.
• Experience in IFRS, Solvency II (or similar economic value reporting method), preferably for traditional life type products.
• Proficient in Microsoft Office suite (e.g. Word, Excel, Access, PowerPoint).

Relocation assistance within the U.S. is available for this position.

Pay Range for roles performed in NC: $100,000-$123,000 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role, and performance.

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.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.