At a Glance
- Tasks: Join our team to develop and maintain innovative pricing models for Property and Specialty lines.
- Company: SCOR, a leading global reinsurer with a collaborative culture.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Dynamic role with excellent career advancement opportunities and a focus on innovation.
- Why this job: Make a real impact in the insurance industry while working with top professionals.
- Qualifications: FIA or FCAS with experience in P&C insurance and strong analytical skills.
The predicted salary is between 63000 - 77000 £ per year.
The job holder will be a key member of the SBS & Cedant Facultative P&C Pricing and Modelling team supporting business written by SCOR, focusing on Property, Construction and Specialty lines of business. The work includes pricing of key individual accounts, working with Underwriters, developing and maintaining pricing models, conducting pricing related analyses and any other ad-hoc reporting requirements. The job holder will also represent SBS Pricing & Modelling Team in any ongoing and future global projects.
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. SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
Experience
- FIA (or FCAS) with a couple of years of Pricing experience in P&C insurance required, with Lloyd's / London Market experience preferred.
- Casualty experience preferred.
- Strong analytical skills and ability to manipulate or handle large datasets.
- Significant experience in using MS Excel in a pricing environment required, with VBA experience preferred.
- Experience using Python or any other programming languages for predictive modeling preferred.
Personal Competencies
- Highly motivated and driven individual with excellent analytical and problem-solving skills.
- Inclination to challenge the status quo in a pricing/actuarial environment.
- Effective communication skills with excellent interpersonal verbal and written skills.
- Strong collaboration skills including across time zones and non-actuarial disciplines.
- Strong organisational and time management skills required.
- Self-starting individual and excellent team player.
Required Education
- FIA (Fellow of the Institute and Faculty of Actuaries) or FCAS (Fellow of the Casualty Actuarial Society).
- Degree in Mathematics, Actuarial Science or any other scientific discipline or equivalence.
Responsibilities
- Develop, test, and maintain pricing tools.
- Develop and enhance direct & facultative pricing tools and methodology in conjunction with Underwriters.
- Ensure pricing models are appropriately calibrated and used by Underwriters.
- Maintenance of existing pricing tools including technical documentation.
- Contribute to the long term objective of the Pricing Team by helping to implement a more innovative and data-driven approach to their pricing processes.
- Actively build relationships with Underwriters and assist in change management when onboarding Underwriters on to new pricing tools or platforms.
- Portfolio analysis, business planning, parameterisation and outwards RI pricing.
- Contribute to various regulatory tasks such as the Lloyd's Performance Management Data Return (PMDR).
- Regular monitoring and feedback of Underwriter Adjustments.
- Provide actuarial consulting during exploration of new projects.
- Assist with on-going underwriting projects or any other ad-hoc projects.
- Analyse and price individual accounts typically with complex features or high premium.
- Conduct pricing reviews on accounts with high and extreme materiality.
Pricing Actuary - Specialty in London employer: SCOR Global Life
SCOR is an exceptional employer that fosters a collaborative and inclusive work culture, where employees are encouraged to engage with some of the brightest minds in the industry. With a strong commitment to professional development, SCOR offers ample opportunities for growth and innovation, particularly in the dynamic London market. Employees benefit from a diverse range of reinsurance solutions and a supportive environment that values integrity, courage, and open-mindedness, making it a rewarding place to build a meaningful career.
