At a Glance
- Tasks: Support the team in acquiring new business and monitoring profitability.
- Company: Join SCOR, a leading global reinsurer with a collaborative culture.
- Benefits: Gain exposure to diverse projects and develop your skills in a dynamic environment.
- Other info: Embrace inclusion and diversity in a supportive workplace.
- Why this job: Make a real impact in the insurance industry while working with top professionals.
- Qualifications: Progress in actuarial exams and strong numerical skills required.
The predicted salary is between 29700 - 36300 £ per year.
This role will support the team in acquiring new business and monitoring its experience and profitability when in-force. Working across a number of areas within the wider team will help the successful candidate develop a breadth of knowledge and skills of the overall business as well as the tools and processes used. Over time there will be the flexibility to specialise, depending on experience and specific interests, such as supporting exercises for longevity tenders and basis reviews, undertaking analysis to help support research into longevity bases and tools, as well as supporting the management of the in-force portfolio.
The post holder will be expected to support the senior team in front of clients and other stakeholders, and so will require excellent communication skills and a professional and confident presence.
Experience:
- Good progress with actuarial exams since leaving University
- Strong numerical experience
- Life insurance/pensions/reinsurance/consultancy experience
Necessary Skills:
- Ability to problem solve
- Strong data analysis skills
- Excellent communication (written and oral)
- Professional and confident presence
Digital Competencies:
- Computer literacy with special focus on Microsoft Word (Intermediate), PowerPoint (Intermediate) and Excel (Intermediate - familiarity of formulas such as “IF”, “VLOOKUP”, “INDEX”, “MATCH”, “SUMPRODUCT”, “MEDIAN”, “YEARFRAC”)
- Reviewing, maintaining and developing scripts in the ‘R’ programming language
Education:
- Currently studying towards completing the actuarial exams
- Undergraduate degree – grade 2:1
Key duties and responsibilities:
- Assisting the Administration teams in reconciling and troubleshooting the more complex aspects of the regular accounts.
- Assisting in modelling the in-force blocks of business.
- Understanding, building and adapting complex macro-driven premium and annuity claims calculation tools.
- Understanding and use of Excel tools that determine the current collateral exposures of SCOR and clients under the terms of the swaps.
- In-force analyses of in-force deals for the purpose of setting future valuation assumptions, refining future pricing bases and spotting potential treaty breaches and irregularities.
- Produce Management Information (MI) and Key Performance Indicators (KPIs) on the in-force business.
- Building and automating the in-force management processes.
- Standardise and modernise the in-force management processes and tools.
- Develop and maintain a good understanding of the risks of longevity business.
- Support the Longevity Account Managers in resolving issues with clients in a constructive manner, valuing the importance of our long-term relationships.
- Building relationships across the in-force community of our market.
Actuarial Analyst, Longevity Inforce in London employer: SCOR Global Life
SCOR is an exceptional employer that fosters a collaborative and inclusive work culture, where employees are empowered to thrive through shared values and innovative thinking. As a Talent Acquisition Specialist, you will have the opportunity to engage with top industry professionals while contributing to meaningful projects that enhance societal resilience. With a strong focus on employee growth and development, SCOR offers a dynamic environment that encourages creativity and supports diverse talent across its global operations.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst, Longevity Inforce in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like SCOR Global Life). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like SCOR Global Life. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuarial Analyst, Longevity Inforce in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at SCOR Global Life.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at SCOR Global Life. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at SCOR Global Life
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at SCOR Global Life to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at SCOR Global Life, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding SCOR Global Life's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
