AVP Longevity Pricing Actuary

Job Summary

The successful candidate will contribute to all aspects of understanding, pricing and managing longevity reinsurance risks. This role also involves supporting business development opportunities in North America, thereby enhancing SGL Global Longevity team’s ability to write profitable new business.

Key responsibilities include leading the production of technical pricing for Longevity tenders, supporting the technical development of new products, and managing business referrals with Group sign-off teams based in Paris, Cologne, and Ireland.

Additionally, the candidate will lead pricing aspects of new business execution and support the maintenance and development of Longevity pricing processes and tools.

Research and ad-hoc projects will also be part of the responsibilities, along with the development of SCOR’s Longevity capabilities in the US, particularly in pricing and management expertise.

Responsibilities

Key Duties and Responsibilities

Quote Production

• Lead production of quote tenders which includes experience analysis, proposal of basis, rate production, KPI metrics, and supporting documentation.
• Ensure pricing basis conforms with SCOR Global Life Longevity pricing guidelines and that key pricing issues/risks are highlighted early.
• Lead new business referrals with Group sign-off teams based in Paris, Cologne, and Ireland.
• Pricing Lead of new business execution.

New Product and Proposition Development

• Stay connected with market practices to propose effective and innovative solutions.
• Support/Lead technical development of new products and propositions.

Pricing Process and Tools

• Manage maintenance and development of Longevity pricing processes and tools to improve accuracy, efficiency, and insight gained from process outputs.
• Proactively suggest improvements to pricing processes and tools.
• Ensure process updates are managed in a compliant and documented manner.

Research

• Lead/assist Longevity research projects.
• Assist ongoing innovation of pricing basis which enables SCOR to write profitable new business and develop its product offering.

Relationships

• Develop client and internal relationships and provide excellent customer service to help deliver Longevity team’s objectives.

Promote the team’s technical expertise, internally and externally, and help develop team members while educating internal non-specialists as necessary.

Qualifications

Required Experience & Competencies

Essential:

• Experienced qualified Actuary with multiple years of relevant pricing or research experience.
• Good understanding of US pension and retirement regulation and practice.
• Good understanding of pension de-risking offerings in the US.
• Good understanding of pension scheme data and typical scheme rules.

Desirable:

• Client management experience.
• R experience.
• Experience of manipulating and analyzing large datasets.

Personal Competencies

Essential:

• Highly self-motivated.
• Excellent technical skills and attention to detail.
• Excellent planning and work management skills with experience of leading projects.
• Excellent ability to use analytical skills combined with sound judgment and commercial awareness to recommend justifiable and practical pricing advice.
• Excellent communication and internal stakeholder management skills.
• Team player.

Desirable:

• Customer-focused – able to communicate effectively in client meetings.
• Flexible and adaptable.

Required Education

• FSA designation.
• BA/BS degree or equivalent experience.

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

At SCOR, we care about clients, people, and societies, and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical, financial, and emotional well-being of the people who make our company successful.

Benefits We Offer

• Medical, vision, and dental coverage.
• 401(k) Plan with a competitive match.
• Company-funded Defined Contribution Retirement Program.
• Life and AD&D insurance.
• Long- and Short-Term Disability.
• Flexible Parental Leave.
• Unlimited Sick Days.
• Volunteer Time.
• Summer Fridays.
• Learning & Development Resources.
• Personal Wellness Tools and Rewards.
• Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios.
• And More!

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.