At a Glance
- Tasks: Join the Global Longevity Pricing team to price and manage longevity reinsurance risks.
- Company: SCOR Global Life, a leader in innovative insurance solutions.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborative culture with opportunities for career growth and client relationship management.
- Why this job: Make a real impact in the insurance industry while working with global markets.
- 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
- Research into demographic assumption derivation
- Client relationship management
The role is approximately split 80% pricing / 20% research.
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.
- Client management experience.
- R experience.
- Experience of manipulating and analysing large datasets.
Personal Competencies:
- 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.
Pricing Actuary, Longevity in London employer: SCOR
As a Pricing Actuary at SCOR, you will thrive in a dynamic and innovative work culture that prioritises collaboration and professional growth. With access to cutting-edge pricing tools and methodologies, you will play a pivotal role in shaping the future of specialty insurance while enjoying comprehensive benefits and opportunities for career advancement in the heart of the London market.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary, Longevity in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like SCOR). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like SCOR. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Pricing Actuary, Longevity in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at SCOR.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at SCOR. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at SCOR
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at SCOR to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at SCOR, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding SCOR's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
