AVP, Actuary – US Fin Sol Pricing

Financial Solutions is a growing and highly strategic area at SCOR that supports our clients and their goals. This role plays an important part by driving key aspects of the pricing of Fin Sol deals. Someone in this role is knowledgeable about the use of reinsurance to solve client problems has deep product knowledge of various products including term and permanent products (e.g. ULSG IUL VUL etc.) and has past experience developing and/or pricing these types of products from first principles. This rolecontributes to pricing inforce risk transfer opportunities by owning core modeling and analysis performing due diligence on product blocks and data preparing technical content for proposals and supporting internal review and approval processes. The role requires flexibility curiosity and a desire to improve processes along with the ability to exercise sound actuarial judgment in situations with limited data tight deadlines and bespoke transaction structures.

As time permits there will be additional opportunities to contribute to projects related to key company initiatives. This position will be expected to share thought leadership and knowledge within and outside of SCOR as well as across teams to support the development of others and contribute to SCORs collaborative environment.

Key duties and responsibilities

• Build calibrate and maintain pricing and deal models in Moodys AXIS and FIS Prophet; develop liability cells/tables; run sensitivities; validate outputs; and create clear documentation.

• Assess and develop pricing assumptions focused on mortality persistency sales mix net amount at risk and guarantee behavior. Application of firstprinciples modeling of various types of products such as ULSG IUL and other perm and term will be required for certain deals.

• Evaluate and compare alternative reinsurance structures (e.g. coinsurance modco) including collateral requirements capital impact and profit emergence timing and clearly articulate tradeoffs to stakeholders.

• Identify and quantify potential risks inherent in proposed transactions and assumptions while proposing risk mitigation strategies.

• Evaluate evolving processes and seek out areas of improvement to standardize and automate routine areas.

• Perform product/data due diligence including data quality checks and assessment of clientsupplied projections.

• Own and document pricing assumptions and methodologies while also defending and justifying assumptions and judgment during internal governance and review processes.

• Execute cashflow capital and return analyses across alternative reinsurance structures and summarize tradeoffs for senior reviewers.

• Contribute to transaction structuring by quantifying risks collateral implications and capital effects; escalate issues and recommendations to the deal owners.

• Draft technical sections for proposals and presentation materials; prepare approval packs and responses to governance review comments.

• Complete closeout activities and handoffs for accepted deals to valuation/modeling teams; support inforce monitoring and management reporting as needed.

• Perform and receive peer reviews; ensure adherence to SCOR pricing standards internal controls (ICS) and documentation requirements.

• Collaborate with Client Solutions Underwriting Experience Analysis and Global Teams on pricing assumptions methodologies and data modeling improvements.

• Assist with the development of team members on technical topics through hands on training.

• Drive continuous improvement by sharing thought leadership and leading/participating in project related efforts on technical topics related to pricing standards processes methodologies and assumptions.

• Own at least one area of pricing expertise; serve as team subject matter expert.

• May perform other duties as required.

Required experience & competencies

• At least 7 years of life (re)insurance actuarial experience pricing or developing various products including term and permanent life products (including ULSG IUL etc.) with demonstrated experience in modeling products from first principles.

• Proven ability to independently lead complex pricing analyses and serve as a technical reference point for peers. Experience with alternative reinsurance structures such as coinsurance modco guaranteed YRT and liability swaps is a plus.

• Handson experience building/running pricing models (e.g. AXIS or Prophet) required.

• Working knowledge of US statutory accounting (including PBR) and reinsurance fundamentals.

• Knowledge of additional offshore accounting requirements (e.g. Bermuda STAT IFRS17 etc.) is an asset.

• Strong analytical problemsolving skills and documentation discipline; able to communicate technical results to nontechnical stakeholders.

• Takes initiative and exhibits a sense of urgency with a focus on results for external and internal clients.

• Effective collaborator across offices and functions; comfortable working to deadlines in a high-pressure transactional environment.

• Must be able to work effectively independently and as part of a team with readiness to travel on occasion.

Required Education

• Bachelors degree in Actuarial Science Mathematics Statistics Data Analytics Finance Economics or related areas
• Fellow of the Society of Actuaries (FSA) with current CPD compliance; career ASAs with related direct experience considered.

Relocation assistance within the U.S. is available for this position. Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

Hybrid Work Policy:

SCOR is committed to an in-office culture where people can collaborate exchange ideas and establish stronger working relationships while ll providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.

At SCOR we CARE about clients people and societies and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical financial and emotional well-being of the people who make our company successful you.

Benefits We Offer

Medical vision and dental coverage

401(k) Plan with a competitive match

Company-funded Defined Contribution Retirement Program

Life and AD&D insurance

Long- and Short-Term Disability

Flexible Parental Leave

Unlimited Sick Days

Volunteer Time

Summer Fridays

Learning & Development Resources

Personal Wellness Tools and Rewards

Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios

And More!

PayRangeforrolesperformed:162500 - 220000

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