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- Tasks: Dive into a real actuarial role, collaborating with experts on pricing decisions.
- Company: Join SCOR, a leading global reinsurer with a focus on innovation and collaboration.
- Benefits: Gain valuable experience in Lloyd’s markets and global actuarial projects.
- Other info: Embrace a culture of inclusion and diversity, with excellent career growth opportunities.
- Why this job: Make an impact from day one while developing your skills in a dynamic environment.
- Qualifications: Ideal for those with actuarial experience and strong analytical skills.
The predicted salary is between 30000 - 40000 ÂŁ per year.
This is a unique opportunity to step into a real actuarial role from day one—working alongside underwriters, actuaries, and data specialists who shape pricing decisions across multiple lines of business. You’ll gain exposure to Lloyd’s markets, portfolio analysis, and global actuarial projects.
Responsibilities
- Work closely with underwriters and other members of the Actuarial pricing team to price risks for multiple lines of business;
- Participate in portfolio monitoring and analyses, to help assess the profitability of business that has already been written;
- Support and drive efficiency within the data manipulation process to help streamline the pricing workflow within the team;
- Assist with pricing during busy periods;
- Contribute to global actuarial projects as required, to drive gains across the whole SCOR global enterprise;
- Support CAT modelling and reporting.
Qualifications
Required experience & competencies
- Experience: The ideal candidate will have gained some actuarial work experience in insurance/reinsurance or mathematical modelling. Experience of participation in projects and teams.
- Personal Competences: Familiarity with standard Microsoft Office applications such as Excel, Word and PowerPoint. Excellent analytical skills with attention to detail. Able to communicate clearly and concisely, verbally and in writing. Collaborative team ‑ player spirit with experience of project participation. Ability to work effectively with minimal supervision. Self ‑ starter/motivator and creative. Interest in data science with preference given to programming capability and experience of Python, SQL or VBA.
Required Education
- University degree in mathematics, economics or related field or equivalent.
- Willingness to attain a professional actuarial designation.
Locations
Level 6, London, United Kingdom, EC2N 4BQ, GB
Job Schedule
Full time
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.
Graduate Trainee Pricing Actuary - 12 months employer: SCOR
Contact Detail:
SCOR Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Graduate Trainee Pricing Actuary - 12 months
✨Tip Number 1
Network like a pro! Reach out to professionals in the actuarial field on LinkedIn or at industry events. We can’t stress enough how valuable personal connections can be in landing that dream role.
✨Tip Number 2
Prepare for interviews by practising common actuarial questions and scenarios. We recommend doing mock interviews with friends or mentors to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your skills! If you’ve got experience with Python, SQL, or VBA, make sure to highlight that during interviews. We want to see how you can contribute to our data manipulation processes.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at SCOR.
We think you need these skills to ace Graduate Trainee Pricing Actuary - 12 months
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Graduate Trainee Pricing Actuary role. Highlight any relevant actuarial experience, skills in data manipulation, and your familiarity with tools like Python or SQL. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about actuarial work and how your background aligns with our values at SCOR. Keep it concise but engaging – we love a good story!
Show Off Your Analytical Skills: In your application, don’t forget to showcase your analytical skills. Mention specific projects or experiences where you’ve used these skills effectively. We’re looking for detail-oriented candidates who can think critically!
Apply Through Our Website: We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application goes directly to us. Plus, you’ll get to explore more about what makes SCOR a great place to work!
How to prepare for a job interview at SCOR
✨Know Your Numbers
Brush up on your mathematical skills and be ready to discuss how you've applied them in real-world scenarios. Since this role involves pricing risks, being able to demonstrate your analytical prowess with examples will impress the interviewers.
✨Familiarise Yourself with the Company
Do some homework on SCOR and its operations in the reinsurance market. Understanding their core values and how they apply 'The Art & Science of Risk' will show that you're genuinely interested in the company and its mission.
✨Showcase Your Team Spirit
Prepare to talk about your experiences working in teams or on projects. Highlight your collaborative spirit and how you’ve contributed to team success, as this role requires working closely with underwriters and actuaries.
✨Get Comfortable with Data Tools
Since the job mentions data manipulation and programming, make sure you can discuss your experience with tools like Python, SQL, or VBA. If you have any projects or coursework that involved these, be ready to share!