At a Glance
- Tasks: Join the Global Longevity Pricing team to develop innovative pricing solutions.
- 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 in a supportive environment.
- Why this job: Make a real impact in longevity reinsurance while working with top industry experts.
- Qualifications: Qualified Actuary with experience in longevity pricing and strong analytical skills.
The predicted salary is between 60000 - 80000 € per year.
The role offers broad exposure across both UK and international markets, with responsibilities spanning:
- Technical pricing of longevity tenders
- Development of new product propositions
- Coordination of new business approvals with SCOR Global Life and Group functions
- Execution of new deals
- Enhancement of pricing tools and processes
- Client relationship management
The role is approximately split 80% pricing / 20% research.
Responsibilities:
The successful candidate will join as a member of the Global Longevity Pricing team, contributing to all aspects of understanding, pricing, and managing longevity reinsurance risks. This role plays a critical part in enhancing SCOR Global Life’s ability to write profitable new business.
Quote Production
- Lead the production of quote tenders including the production of quote pricing basis (base table, improvements, marriage assumptions and KPI metrics).
- Produce accurate rates within specified timeframes and accurate documentation to support quotes.
- Ensure pricing basis conforms with SCOR Global Life Annuity pricing guidelines and that key pricing issues/risks are highlighted early.
- Support the Head of Pricing on business referrals with Group sign-off teams based in Paris, Cologne and Ireland.
- Support new business execution.
New product and proposition development
- Lead the technical development of new products/propositions.
Pricing Process and Tools
- Manage the maintenance and development of Longevity pricing processes and tools to improve the accuracy, efficiency and insight gained from process outputs.
- Pro-actively suggest improvements to the 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 enable 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 the Longevity team’s objectives.
- Promote team’s technical expertise, internally and externally, to help develop team members and educate internal non-specialists as necessary.
Qualifications Required experience & competencies
- Qualified Actuary with several years of longevity pricing or research experience (in particular basis derivation and/or pricing methodology development).
- Understanding of pension de-risking offerings in the UK and global markets.
- Understanding of pension scheme data and typical scheme rules.
- R experience.
- Experience of manipulating and analysing large datasets.
- Excellent technical skills and attention to detail.
- Excellent communication and internal stakeholder management skills.
- Excellent planning and work management skills and experience of leading projects.
- Excellent ability to use analytical skills combined with sound judgement and commercial awareness to recommend justifiable and practical pricing advice.
- Self-motivated.
- Team player.
- Customer focused – able to communicate effectively in client meetings.
- Flexible and adaptable.
Required Education
- Qualified Actuary.
- Educated to degree level with excellent academic track record or equivalent experience.
Locations
Level 6, London, United Kingdom, EC2N 4BQ, GB
About Us
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, reflecting the input of employees at all levels of the Group. 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.
Longevity Pricing Actuary employer: SCOR UK Company Limited
SCOR is an exceptional employer, offering a dynamic work environment in the heart of London where actuaries can thrive. With a strong emphasis on collaboration and innovation, employees benefit from extensive professional development opportunities and the chance to engage with industry leaders. The company's commitment to diversity and inclusion, alongside its focus on client and societal welfare, makes it a rewarding place for those seeking meaningful careers in longevity pricing.
StudySmarter Expert Advice🤫
We think this is how you could land Longevity Pricing Actuary
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching SCOR and understanding their approach to longevity pricing. We want you to show off your knowledge and passion for the role, so practice answering common questions and think of examples that highlight your skills.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We appreciate candidates who show enthusiasm and professionalism, so make sure to express your gratitude for the opportunity.
✨Tip Number 4
Apply through our website for the best chance at landing the job. We love seeing applications come directly from interested candidates, so make sure to showcase your unique skills and experiences that align with the longevity pricing role.
We think you need these skills to ace Longevity Pricing Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Longevity Pricing Actuary role. Highlight your experience in longevity pricing, research, and any relevant projects you've led. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your understanding of pension de-risking offerings and your analytical skills.
Showcase Your Technical Skills:Since this role involves technical pricing and data analysis, make sure to showcase your R experience and any other relevant technical skills. We love seeing candidates who can manipulate and analyse large datasets effectively!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people. Good luck!
How to prepare for a job interview at SCOR UK Company Limited
✨Know Your Numbers
As a Longevity Pricing Actuary, you'll need to be comfortable with data. Brush up on your R skills and be ready to discuss how you've manipulated and analysed large datasets in the past. Prepare examples that showcase your technical skills and attention to detail.
✨Understand the Market
Familiarise yourself with pension de-risking offerings in both the UK and global markets. Be prepared to discuss how these offerings impact pricing strategies. Showing that you understand the nuances of the market will demonstrate your readiness for the role.
✨Showcase Your Communication Skills
This role involves client relationship management, so practice articulating complex actuarial concepts in simple terms. Think of examples where you've successfully communicated with non-specialists or managed internal stakeholders, as this will highlight your customer-focused approach.
✨Be Proactive About Improvements
The job requires enhancing pricing tools and processes. Come prepared with ideas on how you would improve existing processes or tools based on your previous experiences. This shows initiative and a commitment to continuous improvement, which is key for SCOR's objectives.
