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- Tasks: Support quarterly reserving processes and management reporting in a dynamic actuarial team.
- Company: Join SCOR, a leading global reinsurer dedicated to innovative risk management solutions.
- Benefits: Enjoy full support for actuarial exams and a collaborative work culture with top professionals.
- Why this job: Be part of a mission-driven company that values diversity, integrity, and societal impact.
- Qualifications: Recent graduates welcome; proficiency in Excel and familiarity with data science tools is a plus.
- Other info: This is a 23-month trainee contract with opportunities for professional growth and networking.
Join to apply for the Trainee Actuary - Corporate Actuarial role at SCOR. This is a 23-month actuarial trainee contract for a recent graduate, based in the UK L&H Reserving department. The role involves supporting the quarterly reserving process, analysis, and management reporting.
As a leading global reinsurer, SCOR offers a diversified range of reinsurance and insurance solutions to manage risk. Working at SCOR means collaborating with top professionals including actuaries, data scientists, underwriters, and engineers to address societal challenges. Our culture, 'The SCOR Way,' is built on five core values: caring for clients, people, and societies; integrity; courage; open-mindedness; and collaboration. We value diversity and inclusion, supporting all employees, including those with disabilities.
This 23-month contract is aimed at recent graduates and includes full support for actuarial exams. The successful candidate will become a member of the UK actuarial profession. Key responsibilities include supporting the UK Reserving team’s processes and delivering quality actuarial services to stakeholders.
- Assist in quarterly valuation and reporting for UK sourced business, including calculations on PROPHET and ensuring result consistency.
- Prepare management reports explaining quarterly results and variances.
- Support tasks such as setting up new treaties on PROPHET (protection and longevity).
- Identify and implement process improvements for efficiency and accuracy.
- Maintain processes, controls, and documentation in line with ERM principles and regulatory standards.
- Engage with SCOR’s actuarial community and progress in actuarial exams.
- Build relationships across life & health functions.
Required experience & competencies
- No specific experience required; recent graduates are eligible. Prior insurance industry experience is a plus.
- Progress in actuarial exams or exemptions gained.
- Proficiency in Microsoft Excel; familiarity with data science tools (R, Python, Tableau) is advantageous.
- Experience with Prophet or similar software.
- Experience with MS Access and coding in Python or R.
- Strong technical skills, ability to meet deadlines, and deliver accurate work.
- Teamwork, self-motivation, proactive attitude, and excellent communication skills.
Soft skills
- Positive, friendly, proactive, detail-oriented, analytical, eager to learn, and capable of working independently and in teams.
Seniority level: Entry level
Employment type: Internship
Job function: General Business
Trainee Actuary - Corporate Actuarial employer: SCOR
Contact Detail:
SCOR Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trainee Actuary - Corporate Actuarial
✨Tip Number 1
Familiarise yourself with the actuarial software mentioned in the job description, particularly PROPHET. If you can demonstrate your understanding or even provide examples of how you've used similar tools, it will show your initiative and readiness for the role.
✨Tip Number 2
Engage with the actuarial community online, such as forums or LinkedIn groups. Networking with professionals in the field can provide insights into the industry and may even lead to referrals or recommendations for the position.
✨Tip Number 3
Brush up on your Excel skills, as proficiency is crucial for this role. Consider taking an online course or working on projects that require advanced Excel functions to showcase your capabilities during interviews.
✨Tip Number 4
Prepare to discuss your approach to teamwork and collaboration, as these are key values at SCOR. Think of specific examples from your academic or extracurricular experiences where you successfully worked in a team to achieve a goal.
We think you need these skills to ace Trainee Actuary - Corporate Actuarial
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Trainee Actuary position. Familiarise yourself with SCOR's values and how they align with your own.
Tailor Your CV: Craft your CV to highlight relevant skills and experiences that match the job description. Emphasise your proficiency in Microsoft Excel and any experience with data science tools like R or Python.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your eagerness to learn and how you can contribute to the team, referencing specific aspects of SCOR's culture and values.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at SCOR
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Trainee Actuary at SCOR. Familiarise yourself with terms like 'quarterly reserving process' and 'PROPHET', as well as the core values of the company. This will help you demonstrate your genuine interest in the role.
✨Showcase Your Technical Skills
Be prepared to discuss your proficiency in Microsoft Excel and any experience you have with data science tools like R, Python, or Tableau. If you've worked with Prophet or similar software, make sure to highlight that too, as it’s relevant to the position.
✨Emphasise Teamwork and Communication
SCOR values collaboration, so be ready to share examples of how you've successfully worked in teams. Highlight your communication skills and how you can engage with different stakeholders, as this is crucial for delivering quality actuarial services.
✨Demonstrate Your Eagerness to Learn
As a recent graduate, it's important to convey your eagerness to learn and progress in your actuarial exams. Discuss any steps you've already taken towards this goal and express your commitment to continuous professional development.
