Longevity Pricing Actuary

SCOR

Job Location:

London - UK

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Description

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

Responsibilities

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 Lifes 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 teams objectives.
Promote teams 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:

Essential:

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.

DescriptionThe role offers broad exposure across both UK and international markets with responsibilities spanning:Technical pricing of longevity tendersDevelopment of new product propositionsCoordination of new business approvals with SCOR Global Life and Group functionsExecution of new dealsEnhance...