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- 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.
Longevity Pricing Actuary in London employer: SCOR
Contact Detail:
SCOR Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Longevity Pricing Actuary in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, webinars, or even local meet-ups. The more you engage with others, the better your chances of hearing about job openings that might not be advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share your experiences and how your skills can benefit their team. Be ready to discuss specific projects or achievements that highlight your expertise in longevity pricing.
✨Follow Up
After any interview or networking event, make sure to follow up with a thank-you email. It shows your appreciation and keeps you on their radar. A little reminder of your conversation can go a long way!
✨Apply Through Our Website
Don’t forget to check out our website for the latest job openings! Applying directly through us not only streamlines the process but also shows your genuine interest in joining our team at SCOR Global Life.
We think you need these skills to ace Longevity Pricing Actuary in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Longevity Pricing Actuary role. Highlight your technical pricing experience and any relevant projects you've led. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about longevity pricing and how your background makes you a great fit for us. Don’t forget to mention your client management experience and analytical skills!
Showcase Your Technical Skills: Since this role requires excellent technical skills, be sure to include specific examples of your work with pricing tools and methodologies. We love seeing how you've used your analytical skills to solve problems in past roles!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, we’re excited to see what you bring to the table!
How to prepare for a job interview at SCOR
✨Know Your Numbers
As a Longevity Pricing Actuary, you'll need to demonstrate your technical prowess. Brush up on your actuarial principles, especially around longevity pricing and pension de-risking. Be ready to discuss specific methodologies you've used in the past and how they can apply to the role.
✨Showcase Your Research Skills
Since the role involves a significant amount of research, prepare to talk about any relevant projects you've led or contributed to. Highlight your experience with demographic assumptions and how your research has influenced pricing strategies. Bring examples that showcase your analytical skills.
✨Client Management Matters
This position requires strong client relationship management skills. Think of instances where you've successfully managed client expectations or resolved issues. Be prepared to discuss how you would approach building relationships with clients and internal stakeholders at SCOR Global Life.
✨Be Proactive About Improvements
The job involves enhancing pricing tools and processes, so come armed with ideas! Think about any improvements you've suggested in previous roles and how they benefited the team. Show that you're not just a follower of processes but someone who actively seeks to innovate and improve.