Longevity & Finsol Performance Analyst in London

The role will provide the link between Longevity and Finsol teams and Financial Reporting on the various financial aspects of the portfolios, with a particular focus on financial planning and analysis.

The Longevity and Finsol performance analyst will be a key contributor to the SCOR Group’s planning, financial analysis and performance analytics processes, participating to the various deliverables in that context and providing insight and expertise on the Longevity/Finsol specifics and SCOR’s longevity/Finsol portfolios.

In the context of the broader performance analytics framework being developed at the SCOR Group level, he/she will be responsible for proactively maintaining a full set of Key Performance Indicators (KPIs) across the portfolios to help key stakeholders (Executive committee, Finance, the Life & Health Business unit) understand how the portfolios are performing. The candidate will need to work across teams to ensure data accuracy is maintained and key metrics are fully understood and reported accurately.

The post holder will be expected to communicate with a broad range of audiences on the longevity and Finsol KPIs and so will require excellent communication skills and a professional and confident presence.

The successful candidate will be exposed to a wide range of tasks including:

Performance analysis

• Own the aggregation and analysis of quarterly Key Performance Indicators (KPIs) across Macro Markets for the longevity and Finsol product lines with active involvement in the landing process, quarterly finance memos and business planning exercises.

• Improve the understanding, reporting of and accuracy of key metrics including New Business CSM, Risk Margin, Risk Adjustment, CSM and S&P Capital.

• Review and critique the annual Experience Analysis produced by the longevity/Finsol teams across the portfolios and reconcile to other KPI as appropriate, as well as any specific ad-hoc analyses on the portfolios as part of performance reviews

Data

• Assist the L&H Performance Team and broader Finance team in improving data quality

Communication, stakeholder management and change management:

• Ensure that the finance view of performance is clearly communicated within finance and L&H

• Promote the adoption of new Performance KPIs explaining the drivers and implications clearly to all stakeholders

• Provide effective and timely communication of financial performance results to management

• Communicate within Finance teams to ensure consistency of understanding and messages

Transformation and simplification

• Responsible for simplifying and transforming relevant processes such that majority of time is devoted to analysis of results versus production of figures (80/20 split expected between analysis/production)

• Contribute to development of tools within context of wider group developments and to adoption of available technology in order to maximise the efficiency of our processes.

Required experience & competencies

Experience:

Essential

• Newly Qualified Actuary upwards

• 5 years’ life insurance/pensions/reinsurance/consultancy experience

• Attention to detail

• Highly organised and ability to coordinate across teams

• Excellent communication skills (written and oral)

• Professional and confident presence

• Ability to work to tight deadlines

• Good team working and collaboration skills

Preferred

• Understand the Financial aspects of Longevity/Finsol reinsurance, including collateral

• Work within a pension/annuities office

• Understanding of the regulatory reporting environment as well as Solvency II and IFRS17.

• Computer literacy with special focus on Microsoft Word (Advanced), PowerPoint (Advanced) and Excel (Expert – at least familiarity of pivot tables and macros)
• Other coding languages – e.g. Python, R – would be an advantage.

Digital Competencies:

Required Education

• Undergraduate degree

• Newly Qualified Actuary