At a Glance
- Tasks: Join the Global Longevity Pricing team to price longevity reinsurance risks and develop innovative products.
- Company: SCOR, a leading global reinsurer with a commitment to innovation and client service.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Dynamic role with a focus on both UK and international markets.
- Why this job: Make a real impact in the longevity market while collaborating with top industry experts.
- Qualifications: Qualified Actuary with experience in longevity pricing and strong analytical skills.
The predicted salary is between 60000 - 80000 € per year.
The Global Longevity team at SCOR is a recognised leader in the longevity reinsurance market. Over the past decade, we've built deep expertise in the UK bulk annuity de-risking market, supporting insurers and pension schemes in meeting their long-term commitments to annuitants and pensioners. We've also developed strong capabilities in the individual annuity space, particularly through the use of medical underwriting. Our technical expertise enables us to price longevity risk across a wide range of health conditions at retirement. Our success has extended into Europe and North America in recent years, and we remain committed to expanding our global footprint.
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.
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 enables 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.
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.
- R experience.
- Experience of manipulating and analysing large datasets.
- 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 employer: SCOR
SCOR is an exceptional employer, offering a dynamic work environment where actuaries and data scientists collaborate to tackle significant challenges in the longevity reinsurance market. With a strong commitment to employee growth, SCOR provides opportunities for professional development and innovation, all while fostering a culture of inclusion and diversity. Located in the UK, employees benefit from engaging with a global team that values integrity, courage, and collaboration, making it a rewarding place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Longevity Pricing Actuary
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend relevant events. We can’t stress enough how important it is to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by researching SCOR and the longevity pricing field. We want you to showcase your knowledge and passion, so dive deep into their projects and values to impress during your chat.
✨Tip Number 3
Practice your pitch! We recommend rehearsing how you’d explain your experience and skills in relation to the role. This will help you feel more confident and articulate when it’s time to shine.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Longevity Pricing Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Longevity Pricing Actuary role. Highlight your relevant experience in longevity pricing and research, and don’t forget to showcase your technical skills and attention to detail!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with SCOR's values. Be sure to mention your understanding of pension de-risking offerings.
Showcase Your Analytical Skills:Since this role involves manipulating large datasets, make sure to highlight your analytical skills in both your CV and cover letter. Mention any experience you have with R or similar tools to demonstrate your capability.
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s the easiest way for us to keep track of your application and ensure it gets the attention it deserves!
How to prepare for a job interview at SCOR
✨Know Your Numbers
As a Longevity Pricing Actuary, you'll need to be comfortable with data and numbers. Brush up on your R skills and be ready to discuss how you've manipulated and analysed large datasets in previous roles. Be prepared to give examples of how your analytical skills have led to successful pricing strategies.
✨Understand the Market
Familiarise yourself with the UK pension de-risking market and SCOR's position within it. Research recent trends and challenges in longevity reinsurance. This will not only show your interest but also help you engage in meaningful discussions during the interview.
✨Showcase Your Team Spirit
SCOR values collaboration, so be ready to share examples of how you've worked effectively in teams. Highlight any experiences where you've promoted technical expertise or educated non-specialists, as this aligns with their core values of open-mindedness and teamwork.
✨Prepare for Technical Questions
Expect technical questions related to pricing methodologies and product development. Review SCOR's pricing guidelines and think about how you would approach new product propositions. Being able to articulate your thought process clearly will demonstrate your expertise and fit for the role.
