Accumulations Lead, Casualty

The position leads groupwide accumulation management for casualty-related exposures, playing a pivotal role in supporting SCOR’s strategic objectives and enhancing the performance of casualty lines of business.

Key responsibilities include:

• Defining and continuously improving the scope and processes for accumulation control and risk selection to align with strategic goals.
• Monitoring casualty accumulation risks and emerging trends to ensure compliance with established capacity limits.
• Overseeing regulatory and rating agency reporting, and contributing to major event response and loss estimation efforts.
• Supporting underwriters during client engagements by providing insights on casualty exposure data and accumulation metrics.
• Coordinating with internal stakeholders and external vendors to advance modelling capabilities and uphold data quality and consistency.
• Enhancing, harmonizing, and maintaining tools and systems that underpin the risk accumulation framework.
• Expertise in Property and Casualty risk modelling and aggregation, particularly in U.S. Casualty, is essential.
• Strong collaboration across multiple functions, including underwriting and management, actuarial pricing and reserving, legal, and claims.
• Team Lead for the exposure management of Casualty exposures.
• Leading the groupwide accumulation processes from all major risk sources for all casualty related exposures.
• In collaboration with the Casualty CUO and other Casualty UW experts, define new risk scenarios to continuously assess emerging risks and challenge the accumulation approach.
• Steering the portfolio through analyses of the evolution of accumulation and portfolio optimization analyses.
• Developing a strong relationship with business partners across both Divisions to implement a well-defined process for monitoring and management of capacities.
• Training of Casualty underwriters on the new Casualty Capacity framework.
• Monitoring P&C’s risk profile and defining alert trigger points and referral processes for risk accumulation.
• Leveraging the accumulation output to challenge/re-calibrate the P&C Capital Modelling Tool.
• Managing all regulatory and rating agency reporting requirements for the Group and legal entity, including ORSA and governance documentation.
• Contributing to the groupwide casualty related major event response with catastrophe loss estimation.
• Actively contributing to various ERM initiatives including ad-hoc reporting requests, risk assessments on emerging risks, internal and external audits, risk training etc.
• Member of the Global Accumulation Committee.
• Team Lead for the development, maintenance and update of the tools and processes supporting the Casualty related Accumulation Management.
• Establishing a strong relationship with the owners of the data feed by establishing a well-defined process.
• Developing new methods & processes to enhance SCOR’s casualty catastrophe modelling capabilities and quantification of casualty risks.
• Harmonizing the approach for the risk identification and aggregation, the assessment, the monitoring and the reporting of the accumulations at various levels.
• Defining and implementing guidelines on data needed for the analysis of the accumulations.
• Enhancing, harmonizing and maintaining the tools and systems to support the risk accumulation process.
• Developing a strong relationship with SCOR’s casualty vendor models.

We are ideally looking for candidates who have the following experience and competencies:

• Experience: Extensive insurance or reinsurance experience in actuarial or quantitative areas such as capital modelling, pricing and/or reserving or technical underwriting, with a focus on Casualty related lines.
• Personal Competencies: Excellent Analytical and Synthesis skills; sound knowledge of insurance/reinsurance business and principles; hands-on leadership with excellent communication skills; collaborative spirit; good understanding of Actuarial/Risk Assessment/Financial Techniques.
• Digital Competencies: Experience in using standard business software; competence in a language/tool supporting numerical programming very useful (e.g. R, Python).
• Managerial competencies: None, but as an expert will provide mentoring and coaching to team analysts/interns.