London, England

Finance


This role is responsible for primarily supporting the Head of Actuarial Function (HoAF) P&C for SGRI and SI in respect of their P&C reinsurance liabilities and develop related synergies within Group P&C Reserving. In this role, this actuary will be participating as well to the Group P&C reserving activities.

Reporting to the Head of Group P&C Reserving, the candidate appointed to this role will be a member of the Actuarial Function team and a key driver of the success of the team’s key deliverables. They will on a day-to-day basis work under the guidance of the Head of P&C Actuarial Function of SCOR’s Irish entities.



Responsibilities



As part of the Group P&C reserving team: You will be involved in the annual reserves’ review performed at Group level, more specifically you will review business falling into SGRI and SI internal retrocession. You will present and support your arguments to Head of P&C Actuarial Function of SI/SGRI legal entities and to the Head of Group P&C reserving / Group Chief Actuary. This entails a detailed and documented analysis covering the assumptions selected and the models used. You will perform annually or on demand independent actuarial studies on the segments under your review, leading to a synthetic report. This document, written in English, leads to a set of recommendations subject to your follow up. You will ensure that the reserves of the segments under your review are assessed using adequate methods in a consistent way. You will improve, innovate and develop your own analysis, methods, process and tools when assessing your segments’ reserve adequacy.

In an agile environment, you will participate or take the lead in developing synergies and tools to optimize Group P&C reserving / Actuarial Function tasks and ad-hoc studies.

Leveraging on the work done at Group level, you will participate to the production of P&C Actuarial Reports on Technical Provisions for SI/SGRI legal entities. This will include: Assessment of sufficiency and quality of data Assessment of the appropriateness of best estimate assumptions Assessment of methods and models used to calculate the Technical Provisions Review and analysis of BEL and Risk Margin results Conducting specific studies (sensitivity tests, back-testing of ultimate loss ratios) on Non-Life Solvency 2 Technical Provisions (BEL and Risk Margin).

You will participate to the production of the P&C Actuarial Function Reports formalizing the opinion on ORSA (process and results).

You will participate to the production of the P&C Actuarial Function Reports on Underwriting policy and retrocession arrangements of SI/SGRI. This will include: Review of underwriting and pricing policies Assessment of adequacy of retrocession arrangements Analysis of the outputs of the risk appetite framework on a P&C perspective in collaboration with the SI/SGRI CRO team.

You will propose recommendations to the SI/SGRI Head of P&C Actuarial Function and follow-up them on a yearly basis (at least).

You will support the SI/SGRI Head of P&C Actuarial Function in preparing communication to the Board Risk and Audit Committees, external auditors and local regulator (CBI), especially on the reliability and adequacy of the calculation of Technical Provisions.

You will ensure compliance with the requirements of the CBI’s Domestic Actuarial Regime (DAR).

You will support in the coordination of the P&C Actuarial Function and Life Actuarial Function of SGRI/SI and with the Group Actuarial Function.

You will support the Head of P&C Actuarial Function in other key legal entity projects.

Depending on the location of the jobholder, intragroup business trips will be needed, as counterparts are located in different SCOR’s offices (mainly Paris, Dublin and Zurich).





Qualifications




Required Experience and Education


Relevant re/insurance experience, in particular global P&C reinsurance reserving

Providing written reports and preparing presentations to senior executives and Board


Competencies


IT skills (Robotic Process Automation)

Ability to develop synergies, streamline process and automate studies

Proven ability to form opinions and challenge

Organisational skills and ability to meet deadlines
Attention to quality


About Us


SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients. In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face. At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

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