Cologne

Intern

Graduate

Part Qualified

Associate

Qualified

Senior Actuary

Life

Investments

Health

Property & Casualty

Reserving

Reporting

Data

Reinsurance

Risk

Systems

Python

Modelling

Data Science

Experience Analysis

Coding

Pricing

Machine Learning

Valuation

Capital

Excel

What you can expect:We offer a varied, individual, and flexible working student job at a modern, international reinsurance company in the heart of Cologne.We are a young, international team that works agilely. You will benefit from on-the-job training in daily business, where you will gain many exciting insights into the world of an international insurance group.After your onboarding period, one day of remote work per week is possible for you.What you will do with us:You will support the Data Analytics &amp; Services department in all its facets—from evaluations of our life insurance portfolios, engaging in exciting data analytics projects to researching, preparing, and evaluating relevant statistics and information.Once you are familiar with the role, you will also contribute to performance reports and presentations.Furthermore, you will have the opportunity to test and maintain our evaluation system in APEX/R.What convinces us:First and foremost, your personality: Your analytical thinking skills, high sense of responsibility, and structured and results-oriented working style enable you to handle complex content and concepts confidently.Additionally, you are a student of Mathematics, Computer Science, or Natural Sciences. Another advantage would be initial programming knowledge in R, Python, SAS, or similar and a strong mathematical/statistical foundation.You are flexible (12-19 hours per week) and want to be part of our team for at least one year.You enjoy communication (in both German and English) and teamwork and have a hands-on mentality.If you are interested in a flexible working student job with 12 to 19 hours per week, feel free to apply with your CV and current transcript of records.

What You Can Look Forward To:We offer a personalized and flexible trainee program in a modern, international reinsurance company in the heart of Cologne. We are a young, international team that works agilely. You will benefit from on-the-job training in day-to-day business, gaining many exciting insights into the world of an international reinsurance company. You can work from home two days a week.Framework Conditions:Duration of the program: 24 months; work in at least five different departments, such as Data Analytics Services, Business Development, Product Development & Pricing, Valuation & Reserving, Finance; possible deployment to a foreign SCOR location; participation in relevant technical projects, accompanied by a mentor; appropriate training and further education.What You Bring:University degree in Mathematics or Natural Sciences; preferably experience as an intern and/or working student at an insurer or reinsurer; strong communication skills; very good English language skills; analytical and conceptual competencies, as well as the ability to handle tasks systematically and goal-oriented; very good IT user and programming skills (R, Python, etc.); high degree of independence, open-mindedness, and flexibility, as well as team skills.About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

The Junior Valuation Actuary based in Cologne supports the technical validation and documentation processes relating to IFRS17 and Solvency II Life Liability data for internal and external reporting.Responsibilities<ul><li>Supporting the L&amp;H Consolidated Cashflow Reporting and Business Support Team and the overseas subsidiaries of SCOR in their calculation of IFRS17 and Solvency II Life liabilities data and Own Funds calculations</li><li>Perform detailed actuarial analyses of SCOR`s life reinsurance business</li><li>Support consolidation, validation and documentation of actuarial reporting for internal and external reporting standards (Solvency II and IFRS17)</li><li>Support the development of actuarial solutions/models, reporting demands and processes</li></ul>Qualifications<ul><li>Favourably basic work experience in (re)insurance with a focus on actuary issues, but not required</li><li>Very good IT skills of standard software (MS Office)</li><li>Favourably basic experience with database software (Python, R)</li></ul>Personal Competences:<ul><li>Very good analytical and conceptual skills</li><li>Very good communication skills</li><li>Personal competencies according to company values</li></ul>Required Education<ul><li>University degree/Master degree in Mathematics, Economics with the main focus on actuarial issues</li><li>Preferably membership in actuarial association/qualified as an actuary</li><li>or equivalency from a recognized organization</li></ul>SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

The Head of L&amp;H Actuarial Technical Support is a key member of the L&amp;H Financial Reporting team, working closely with all other Group Chief Accounting Officer teams, L&amp;H Business Unit Operational teams and other teams (most notably Group Finance, Group IT as well as external IT development teams).The L&amp;H CSM Engine is a SAS tool calculating key IFRS17 results related to the actuarial liabilities: the PVFCF, Risk Adjustment (based on pre-defined input), CSM and Loss Component. These metrics are based on cashflow projections from the various markets stored in the L&amp;H Reserving Data Warehouse, risk adjustment and economic input from Group Risk and other input from the accounting ledger.The L&amp;H CSM Engine and the Life Reserving Data Warehouse are therefore key tools in the IFRS17 life actuarial and accounting chain and the Head of L&amp;H Actuarial Technical Support will be responsible to ensure the continuous development of these tool and their full integration in the chain.In addition to leading the development and business support on the IFRS17 life specific tools, the Head of L&amp;H Actuarial Technical Support will also be responsible to provide support to various local and central teams on the SII inhouse database, as well as providing business insight in developments related to the storing of SII cashflows.The role will have a fundamental role to support the transformation of the Group and the Finance function in particular aiming at building integrated, optimized financial processes across the organization, facilitating agile decision-making based on robust informationResponsibilitiesKey duties and responsibilitiesIFRS 17 Reserving Data Warehouse (RDWH) – and CSM Engine<ul><li>Lead the design, implementation and maintenance of further reports on the RDWH and on the results from the CSM Engine to answer the needs of the BAU teams</li><li>Lead the build and enhance the controls implemented around the RDWH and the CSM Engine, producing detailed business requirements, and establishing and maintaining a process to promptly react on these controls once implemented</li><li>Develop, identify, collect and manage business requirements for the RDWH, as well as the CSM Engine and its interfaces in and out, by working with stakeholders across various central and local teams</li><li>Work closely with IT developers to ensure developments are fit for purpose and meets business requirements, reviewing and challenging proposals in IT technical specifications</li><li>Lead the UAT activities related to improvements on the RDWH and CSM Engine, its interface and related reports</li><li>Participate in the design of the target process for activities beyond the scope of the closing, for example simulations and planning</li><li>Present and seek approval on recommendations for implementation from the appropriate governance bodies</li><li>Provide training to the user of the tools as well as support their BAU processes (RDWH &amp; SAS technical support)</li></ul>Solvency 2 Cashflow Database and Consolidation Tool - ILIAS-EV / ILIAS-BEL<ul><li>Lead the BAU maintenance of the tools used for the delivery of the SII data</li><li>Provide training to the user of the tools as well as support their BAU processes (ILIAS-EV technical support)</li></ul>Others<ul><li>Together with the GCAO, design the development of the Reserving Target Operating Model in respect of the life actuarial processes and the reporting requirements</li><li>Ensure strong emphasis on efficiency, automation, flexibility and control design.</li><li>Lead or participate in projects or ad-hoc topics as needed or when requested</li><li>Develop the team (knowledge, experience, succession planning, mobility ...) and make successful the organizational structure in particular in a context of global transformation</li><li>Provide technical leadership and input on actuarial business requirements, leading the production of prototypes for future tools</li></ul>Qualifications<ul><li>Deep experience and knowledge of actuarial methodology and financial reporting processes (5+ years)</li><li>Knowledge of SII and IFRS17 standards</li><li>Industry knowledge of reinsurance business</li><li>Excellent IT skills of standard software (MS Office)</li><li>Experience with system development projects</li><li>Strong organizational / project management skills with ability to develop strategic view</li><li>Excellent written and oral communication skills, ability to explain and present complex ideas to a wide audience</li><li>Excellent analytical and mathematical skills</li><li>Team player, collaborative spirit</li><li>Innovative, flexible and adaptive to changing requirements</li><li>Actuarial Qualifications</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

The L&amp;H Actuarial Closing - Valuation Actuary is a member of the L&amp;H Actuarial Closing team, which is responsible for the delivery of the Life technical reporting to the downstream systems under both Solvency II and IFRS17. This includes data quality assurance, actuarial guidance and analysis of the consolidated results.Furthermore, the team has a leading role in the implementation of an end-to-end global target operating model and process, optimizing the delivery of Solvency II / IFRS 17 reporting &amp; analysis requirements.In this position, the L&amp;H Actuarial Closing – Valuation Actuary will work closely with the L&amp;H Financial Reporting teams and Group Chief Accounting Officer teams, L&amp;H Business Unit Operational teams and other teams (most notably Group Finance, Group IT as well as external IT development teams).ResponsibilitiesKey duties and responsibilitiesIFRS17 and Solvency II<ul><li>Participate to the design of BAU structure related to the CSM Engine tool, focusing on processes and validation of calculations.</li><li>Provide value adding insights to senior management on key drivers and risk relating to Solvency II and IFRS17 results</li><li>Support other GCAO teams for the delivery of IFRS17 information for audit requests</li><li>Support the macro market teams with any queries related to IFRS17 results calculated in the CSM Engine, in close collaboration with the team reviewing the local cashflows</li><li>Assist in testing of end-to-end system developments</li><li>Support the reporting of the Group and Legal Entities’ Solvency II liability data, ensure adequate governance and delivery to downstream systems and teams</li><li>Support the reconciliation of SII-IFRS17</li><li>Support the documentation of the IFRS17 and SII controls on the consolidated results as well as of the results themselves</li><li>Input in the production of guidelines for SII and IFRS17 cashflow modelling</li></ul>Others<ul><li>Ensure strong emphasis on efficiency, automation, flexibility and control design</li><li>Lead or participate in projects or ad-hoc topics as needed or when requested</li></ul>Qualifications<ul><li>Actuarial Qualifications</li><li>Very good experience and knowledge of actuarial methodology and financial reporting processes (5+ years)</li><li>Knowledge of SII and IFRS17 standards</li><li>Industry knowledge of reinsurance business</li><li>Excellent IT skills of standard software (MS Office)</li><li>Excellent written and oral communication skills, ability to explain and present complex ideas to a wide audience</li><li>Excellent analytical and mathematical skills</li><li>Team player, collaborative spirit</li><li>Innovative, flexible and adaptive to changing requirements</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

Under the authority of the Reserving CE Manager (Central Europe):<ul><li>You will be responsible for producing treaty projections to feed the IFRS 17, Solvency 2 and also HGB balance sheets and for analyzing these figures.</li><li>You will be part of the stabilization work regarding IFRS 17 (models and processes).</li><li>You will work in collaboration with the group's Pricing, Accounting, Finance and actuarial teams.</li></ul>Your main responsibilities will be:<ul><li>Produce the projections of the portfolios for which you are in charge for IFRS 17 and Solvency 2 (Best Estimate and Sensitivity scenarios) and analyze the resulting metrics (BEL, PVFCF, CSM...),explain discrepancies and ensure the reporting in consolidation tools</li><li>Document the work (models, assumptions and results obtained) and explain the results to internal and external review teams.</li><li>Conduct experience studies in order to derive or update assumptions</li><li>Develop or improve the models and related calculation and reporting processes</li><li>Provide actuarial support to the Technical Accounting team</li><li>Support the market teams and its management with regard to ad hoc request, calculation of portfolio values and provide input in various projects.</li></ul>To carry out the various missions, you will work closely with the market managers, the Technial Accounting team, Finance department's teams, Pricing teams and the group's actuarial teams.Required experience &amp; competencies<ul><li>Multi -year mathematical work experience, preferably in (re)insurance</li><li>Strong knowledge of standard software (MS Office),</li><li>Good modelling skills with practical experience in at least one coding language language (e.g. R, Python or other actuarial software).</li></ul>Personal Competencies:<ul><li>You are open and curious.</li><li>You like to work both independently and in a team and you like to communicate</li><li>You are rigorous, precise and conscientious</li><li>You have advanced analytical and conceptual skills</li><li>Be able to work in a constantly evolving environment (evolution of reporting requirements, tools, organization)</li><li>You provide strong communication skills to work in both local and international environment.</li></ul>Required Education<ul><li>University degree/Master degree in Mathematics, Economics with the main focus on mathematical issues</li><li>Preferably membership in actuarial association/qualified as an actuary or equivalency from a recognized organization or training to be an actuary</li></ul>About SCORSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

As a Senior Actuarial Data Scientist in the Data Analytics Services (DAS) team of our Life &amp; Health business unit, you apply your understanding for data and its meaning to life insurance to life insurance protection products to help internal and external clients of our Central Europe &amp; Nordics markets make efficient use of that data and generate insight by use of state-of-the-art data manipulation, analysis and visualization techniques.Within the DAS team you will be responsible for delivering our data analysis offering to clients at highest quality standards, representing SCOR in the industry and with individual clients, developing our strategic service vision and exploring, implementing and reviewing new data sources and data science methods.Responsibilities:<ul><li>You conduct experience studies and other data analyses, incl. data preparation and cleansing, as well as presentation of results to internal and external clients</li><li>You support product development and market teams as well as technical accounting and controlling departments with data, analyses, and tools</li><li>You develop our strategic data analysis service offering for internal and external clients and respective tooling requirements</li><li>You explore, implement and review new data sources and data science methods for the DAS team’s tasks</li><li>You lead multi-disciplinary, multi-team projects centred around data</li><li>You represent our CEN macro market in the global exchange of methods, data, and tools in SCOR’s data science community, and help adopting respective innovative solutions in our markets</li><li>You increase SCOR’s visibility in the industry and with clients as a data expert and solution provider</li></ul>Qualifications:<ul><li>Multi-year specific work experience in (re)insurance with a focus on mathematics and/or statistics</li><li>Advanced knowledge of statistical and/or actuarial methods esp. with regard to data analytics/ data science</li><li>Very good knowledge in programming/ coding with R or Python</li><li>Advanced knowledge in dealing with various forms of insurance data incl. Big Data</li><li>Ideally, agile project management (e.g., SCRUM)</li></ul>Required Education:<ul><li>University degree/Master degree in Mathematics, Actuarial Science, equivalent other scientific discipline with strong mathematical focus</li><li>Membership in actuarial association/qualified as an actuary, preferably additional actuarial data science certification (e.g. CADS), or equivalent qualification.</li></ul>About SCORSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

The Junior Valuation Actuary based in Cologne supports the technical validation and documentation processes relating to IFRS17 and Solvency II Life Liability data for internal and external reporting.Responsibilities:<ul><li>Support the L&amp;H Consolidated Cashflow Reporting and Business Support Team and the overseas subsidiaries of SCOR in their calculation of IFRS17 and Solvency II Life liabilities data and Own Funds calculations</li><li>Perform detailed actuarial analyses of SCOR's life reinsurance business</li><li>Support the consolidation, validation and documentation of actuarial reporting for internal and external reporting standards (Solvency II and IFRS17)</li><li>Support the development of actuarial solutions/models, reporting demands and processes</li></ul>Qualifications:Experience:<ul><li>Favourably basic work experience in (re)insurance with a focus on actuary issues, but not required</li><li>Very good IT skills of standard software (MS Office)</li><li>Favourably basic experience with database software (Python, R)</li></ul>Personal Competences:<ul><li>Very good analytical and conceptual skills</li><li>Very good communication skills</li></ul>Required Education:<ul><li>University degree/Master degree in Mathematics, Economics with the main focus on actuarial issues or equivalent experience</li><li>Preferably membership in actuarial association/qualified as an actuary</li><li>or equivalency from a recognized organization</li></ul>About SCORSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

The Senior Pricing Actuary accounts for pricing and pricing governance in assigned property and casualty markets and ensures compliance with global processes, methods and tools. He/She collaborates not only with the local pricing team, but also with other SCOR pricing teams and business functions. The non-life pricing team Cologne in which this position would be located takes care of Scandinavia, Netherlands, Germany and South Eastern Europe.Key duties and responsibilities<ul><li>Responsible for in-time and high quality market pricing<ul><li>Develop local pricing models and benchmarks, collect market knowledge and data</li><li>Advise local underwriting teams in complex and comprehensive actuarial matters</li><li>Monitor and ensure day-to-day support for pricing, risk assessment for opportunities, governance and process compliance, feed the tools, and collaborate with Underwriting teams for delivery</li><li>Participate in client visits to explain and discuss our pricing approaches / support underwriting</li><li>Support business functions on product development (pricing, risk &amp; profitability).</li></ul></li><li>Monitor and ensure pricing processes, governance, methods and tools<ul><li>Participate in development of pricing processes (guidelines)</li><li>Initiate and actively participate in the evolution of global pricing methods and tools</li><li>Develop training measures for underwriting teams with regard to methods, tools, governance and processes</li><li>Ensure proper pricing risk management by monitoring of application of processes, e.g. via peer reviews</li></ul></li><li>Special Projects:<ul>
On demand: Lead actuarial projects</li></ul></ul>QualificationsExperience:<ul><li>Longtime broad and sound work experience in (re)insurance with a focus on actuarial issues, and significant experience in pricing</li><li>Experienced with statistical and/or actuarial methods</li><li>Advanced IT skills of standard software (MS Office), preferably also in a programming language </li></ul>Personal Competences:<ul><li>Excellent communication skills</li><li>Personal competencies according to company values</li><li>Comprehensive analytical and mathematical skills</li><li>Very good command in English, German language skills would be an advantage </li></ul>Education <ul><li>University degree/Master degree in Mathematics, Actuarial Science, equivalent other scientific discipline or finance qualification</li><li>Membership in actuarial association/qualified as an actuary.</li></ul>About us SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients. In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face. At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

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