Senior Longevity Pricing Actuary

Overview

Senior Longevity Pricing Actuary role at SCOR, based in London. SCOR Global Longevity is a recognised leader in the longevity reinsurance market. SCOR offers a range of reinsurance and insurance solutions and services to manage risk across around 160 countries.

Job Description

This is a senior position within SCOR\’s Global Longevity Pricing team, based in London, reporting directly to the Head of Pricing. 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
• Client relationship management

The role is approximately split 80% pricing / 20% research, offering a strong balance between commercial delivery and technical innovation.

Job Responsibilities

• 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 maintain accurate documentation to support quotes.
  • Ensure pricing basis conforms with SCOR Global Life Annuity pricing guidelines and highlight key pricing issues/risks 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 accuracy, efficiency and insight gained from process outputs.
  • Pro-actively suggest improvements to 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 to 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 the team\’s technical expertise, internally and externally, to help develop team members and educate internal non-specialists as necessary.

Required experience & competencies

• Experienced qualified Actuary with multiple years of longevity pricing or research experience (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.
• Ability to use analytical skills with sound judgement and commercial awareness to recommend justifiable pricing advice.
• Self-motivated and a 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.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• General Business

Industries

• Insurance

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.