Senior Actuarial Analyst

Job Description

SCOR is a Tier-1 leading global reinsurer in P&C and L&H, executing an underwriting policy focused on profitability and developing value-added services. The Group has a global reach allowing it to serve the interests of all its clients effectively. The P&C and L&H sectors provide a diversification benefit and contribute to the Group's success, providing stability and lowering volatility.

The Senior Actuarial Analyst will serve as a key member of the Americas P&C Actuarial Reserving team inside the global P&C Reserving department in the Finance domain. The global department manages and oversees the worldwide P&C Reserving activities, including reserving and resilience strategy, modelling excellence, risk assessment cycles, and quarterly performance analysis.

The team is responsible for the P&C book of the Americas hub, covering North, Central, and South Americas. It consists of 15 offices and over 800 employees.

SCOR Reinsurance Company is the principal US Property & Casualty reinsurance subsidiary of the SCOR Group with approximately $2.6B in annual gross written premium and $1.4B of surplus.

SCOR Canada Reinsurance Company is the principal Canadian Property & Casualty reinsurance subsidiary of the SCOR Group with approximately CAD$500M in annual gross written premium and CAD$300M of surplus.

The Senior Actuarial Analyst will provide insightful projections of reserve balances in a collaborative environment. They will work closely with Finance, Claims, Pricing, and Underwriting business partners to deliver best-in-class reserve estimates and associated insights. They will ensure accuracy in the quarter close balances under all applicable accounting standards and will assist in driving process improvements and efficiencies.

Responsibilities

• Support the quarter close process to ensure accuracy of booked results under all applicable accounting standards.
• Perform reserving analyses for selected lines of business, including analysis of reserving assumptions, selection of best estimate indication, and documentation of key assumptions.
• Partner with Accounting, Underwriting, Claims, and Actuarial Pricing to develop well-rounded reserve estimates that provide actionable business insights.
• Support the Appointed Actuaries of SCOR US and SCOR Canada with the preparation of various regulatory schedules.
• Collaborate with P&C Reserving peers and SCOR Group Actuarial to improve actuarial practices within the Global P&C Reserving community.
• Collaborate on transformation and simplification, operational, technology, and data initiatives.
• Perform “deep dive” risk analyses and line of business studies as required.

Qualifications

• Bachelor's degree, preferably in Actuarial Science, Mathematics, Statistics, or similar.
• 5+ years of experience in pricing or reserving in an actuarial department of an insurance or reinsurance company.
• Successful completion of 3+ exams of the Casualty Actuarial Society, or equivalent.
• Exposure to US/Canada Statutory (re)insurance accounting. Knowledge of IFRS 17 and statutory/regulatory work is a plus.

Personal Competences

• Experience with (re)insurance concepts, preferably in commercial lines of business.
• Demonstrated ability to present results to internal and external audiences.
• Ability to develop and maintain professional relationships across functional areas.
• Demonstrated ability to understand numbers, analyze drivers of change, and develop actionable insights.
• Passionate about process enhancement and eager to implement new approaches.
• Enjoys being a team player, sharing knowledge, and collaborating to achieve team goals.
• Advanced Microsoft Office skills, especially Excel and PowerPoint.
• Exposure to programming tools and languages such as VBA, R, or Python is a plus.
• Exposure to Tableau or other data visualization tools is a plus.
• Knowledge of ResQ and SAP BusinessObjects is a plus.
• French speaker is a plus.

About us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions to 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.

Working at SCOR means engaging with some of the best minds in the industry as we work together to find solutions to pressing challenges facing societies.

Our common culture is defined by “The SCOR Way,” which 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.