Pricing Actuary, Longevity

This is a position within SCORs Global Longevity Pricing team based in London reporting directly to the Head of Pricing.

The role offers broad exposure across global Longevity markets with responsibilities spanning:

• Technical pricing of longevity tenders

• Pricing systems development in R

• 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

• Supporting client relationship management

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.

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.

New product and proposition development

• Support the technical development of new products/ propositions.

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.

• Contribute to the promotion of the teams technical expertise internally and externally and support knowledge sharing across the business.

Required experience & competencies

• Qualified Actuary with relevant experience in longevity pricing experience analysis mortality modelling or longevity research.
• Strong programming skills in R with the ability to develop maintain and validate analytical models and tools.
• Good understanding of pension risk transfer and pension de-risking solutions together with awareness of key market developments across major global markets.
• Good understanding of pension scheme data benefit structures and common scheme rules.
• Proven experience in manipulating analysing and interpreting large and complex datasets to support business decision-making.
• Experience of working with clients and internal stakeholders with the ability to communicate technical concepts clearly to both technical and non-technical audiences.
• Strong analytical problem-solving and judgement skills with a high level of attention to detail.

• Ability to manage multiple priorities and deliver high-quality work within demanding timelines.

Personal Competencies:

• Strong technical and analytical skills with a high level of accuracy and attention to detail.

• Strong communication and interpersonal skills with the ability to work effectively across functions.

• Good planning organisational and workload management skills with the ability to contribute to and support project delivery.

• Ability to combine analytical insight sound judgement and commercial awareness to support pricing decisions and recommendations.

• Self-motivated proactive and able to work independently when required.

• Collaborative team player with a positive and inclusive approach.

• Customer-focused with the confidence and communication skills to participate effectively in client interactions and meetings.

• Flexible and adaptable with the ability to respond effectively to changing priorities and business needs.

Required Education

• Qualified Actuary.

• Educated to degree level with excellent academic track record or equivalent experience.