Valuations Actuary

Job Description

To support the activity and responsibilities within the Dublin Corporate Actuarial and Business Performance team, a Valuations Actuary is required to provide support to the Solvency II and IFRS Senior Actuarial Managers who lead the production of Solvency II and IFRS17 results for the two composite legal entities in Ireland. The Solvency II and IFRS17 Senior Actuarial Managers support the Actuarial Director in producing and reporting key actuarial metrics and regulatory deliverables for the entities. They also support senior management with detailed analysis and projections of key financial, capital, and liquidity metrics.

This role offers an exciting opportunity to be part of an expert actuarial team, including regular engagement with internal and external stakeholders across the globe.

Responsibilities

Key Areas of the Role:

Support the Solvency II and IFRS Actuarial Managers across a wide range of tasks and responsibilities relating to the Life & Health business, including:

• The quarterly production, reporting, and analysis of the best estimate cashflows for Solvency II and IFRS17.
• Assisting with the quarterly production, reporting, and analysis of the consolidated L&H company results for Solvency II reporting.
• Preparation of papers for the Board, Audit Committee, and other relevant committees.
• Working with the team to maintain and enhance existing processes and controls within the team.
• Assisting in the preparation of all Solvency II regulatory deliverables, including QRTs, P&L Attribution, and public disclosures.
• Maintaining appropriate and auditable controls, reconciliations, and documentation with respect to valuation, cash flow testing, data, and model changes.
• Collaborate with modelling/reserving teams across SCOR Group and the Finance team to ensure suitable and consistent reserving and accounting practices.
• Liaising with relevant external and internal stakeholders, including external auditors and colleagues throughout the SCOR Group.
• Support the Actuarial Senior Managers in ensuring the effective management of the Corporate Actuarial and Business Performance team. This involves mentoring and developing more junior actuaries in the team.
• Other ad hoc project work as it arises.

Qualifications

Required experience and competencies:

Experience:

• Qualified Actuary with demonstrated experience ideally 3 - 5 years as a minimum.
• Reserving (Solvency II and/or IFRS) experience preferable.
• Reinsurance experience advantageous.

Competencies:

• Excellent interpersonal skills to quickly develop good working relationships both locally and throughout the SCOR group.
• Well organised, efficient, pragmatic, and autonomous.
• Strong analytical competence.
• Problem solving with attention to detail.
• Conscientious, curious, and enthusiastic.
• Flexibility and openness to change.
• Excellent interpersonal skills, with the ability to challenge and build consensus.
• Focused and proven ability to meet deadlines.
• Ability to communicate with stakeholders at all levels and across the various SCOR entities of the Group.
• High level of computer literacy.
• Strong skills in MS Office.
• Experience managing and mentoring people is an advantage.

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