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 Global Life is an exceptional employer, offering a dynamic work environment in the heart of London, Paris, and Madrid. With a strong focus on employee growth and digital innovation, we provide our team with opportunities to lead in a collaborative culture that values technical expertise and market leadership. Join us to be part of a forward-thinking company that prioritises professional development and fosters a supportive atmosphere for all employees.
