At a Glance
- Tasks: Support the team in analysing longevity business and enhancing profitability.
- Company: Dynamic actuarial firm focused on innovation and client relationships.
- Benefits: Gain valuable experience, develop skills, and enjoy a supportive work environment.
- Other info: Collaborative culture with opportunities for professional growth.
- Why this job: Join a team where your analytical skills can make a real difference.
- Qualifications: Progress in actuarial exams and strong numerical skills required.
The predicted salary is between 30000 - 40000 £ 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 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.
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.
- Producing Management Information (MI) and Key Performance Indicators (KPIs) on the in-force business.
- Building and automating the in-force management processes.
- Standardising and modernising the in-force management processes and tools.
- Developing and maintaining a good understanding of the risks of longevity business.
- Supporting 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.
Qualifications
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 with 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.
Actuarial Analyst, Longevity Inforce in London employer: SCOR
SCOR is an exceptional employer, offering a vibrant and inclusive work culture that fosters collaboration and innovation within its dynamic actuarial team. As an intern in the heart of the Lloyd's of London insurance market, you will gain hands-on experience with cutting-edge modelling tools while working alongside industry experts, ensuring ample opportunities for personal and professional growth. With a commitment to diversity and employee well-being, SCOR not only values your contributions but also supports your development in a meaningful and rewarding environment.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst, Longevity Inforce in London
✨Get Involved with Campus Finance Societies
Join your university's finance or investment society — they're a goldmine for networking, guest lectures, and career fairs. These societies often host employers looking for entry-level talent like you, so get involved and make yourself known!
✨Attend Industry Workshops and Webinars
Look for workshops and webinars focused on banking and financial services. These events not only boost your knowledge but also let you connect with industry professionals who could help you land that entry-level role at places like SCOR.
✨Leverage LinkedIn for Informational Interviews
Take advantage of LinkedIn to reach out to professionals working in banking, especially those who've started in entry-level positions. Politely ask for a quick chat about their experience and any advice they might have on breaking into the field.
✨Apply Directly through Company Websites
Don't just rely on job boards. Head directly to SCOR's careers page and look for their entry-level openings. They might have opportunities that aren’t advertised widely, so keep checking back for new listings!
We think you need these skills to ace Actuarial Analyst, Longevity Inforce in London
Some tips for your application 🫡
Splash Your Skills on Your CV:In the banking and financial services realm, it's all about numbers and analysis. Make sure to highlight any relevant coursework, internships, or projects where you've used skills like financial modelling, data analysis, or risk assessment. Show us you can crunch those numbers!
Educational Achievements Matter:For an entry-level role, your grades and academic accomplishments are key. If you have any certifications, like CFA Level 1 or something similar, don’t forget to include them. We love seeing ambition and commitment to the industry, so flaunt those achievements!
Craft a Personal Touch in Your Cover Letter:Your cover letter is your chance to show us your enthusiasm for banking and finance! Share why you're passionate about the industry and how your studies or previous experiences have prepared you for this role. We want to see that spark and motivation!
Use the Right Format and Language:In banking, clarity is king. Use a clean, professional format for your CV and cover letter. Make sure to avoid jargon, but don’t shy away from technical terms where appropriate – just keep it all clear and easy to read. Let’s see your professionalism shine through!
How to prepare for a job interview at SCOR
✨Brush Up on Your Financial Knowledge
Since you're diving into the banking and financial services industry, make sure you're up to speed with current market trends and financial concepts. Be prepared to discuss things like interest rates and investment strategies, as you might get some technical questions that gauge your understanding.
✨Show Off Your Analytical Skills
Analytical skills are key in banking, so be ready to showcase how you've used them in your studies or any relevant projects. Prepare to tackle case studies or hypothetical financial scenarios during the interview that require you to analyse data and make informed decisions.
✨Demonstrate Your Team Spirit
As this is an entry-level role, they’ll likely look for how well you can collaborate and fit into their team. Think of examples from group projects or internships where you successfully worked with others. It'll help show that you're keen to learn and grow in a team-oriented environment.
✨Prepare Thoughtful Questions
Approach your interview with curiosity! Prepare insightful questions that reflect your knowledge of the industry, such as asking about the latest technology being implemented in their services. It shows you're genuinely interested in the company's operations and future.
