The posting
Job Description
The Corporate Actuarial team is seeking an energetic and motivated individual to help drive the transformation of actuarial reporting processes and analytics. In this role, you will develop innovative tools and analytical frameworks that support U.S. Life business analysis across multiple reporting bases, including U.S. Statutory, U.S. GAAP, IFRS, Solvency II, and internal economic value metrics.
You will have the opportunity to own and lead projects from development through implementation, including building new solutions and enhancing existing tools and processes. You will work directly with key stakeholders to understand current reporting needs, identify opportunities for improvement, and deliver innovative solutions that create meaningful value for the business.
Responsibilities
- Propose solutions for development of new reporting solutions to meet reporting needs.
- Lead and own the development of reporting tools to help deepen our understanding of entire suite of reserving metrics under IFRS17 (PVFCF, CSM and RA) and Solvency II (Own fund walk, Solvency Ratio, SCR, RM).
- Partner and feedback the business teams to leverage economic value reporting insights through the development and delivery of client analytics to identify trends, risks, and opportunities.
- Address requests from senior management of SCOR US Life and assist the senior management team in understanding how the financials would evolve in the future and/or under certain scenarios.
- Support and advocate a culture of learning and innovation within the team to deliver and enhance tools, processes, and metrics that advance the understanding of our business and optimize the team's efficiencies.
- Serve as Financial Development Partner by recommending and working closely on model and process development, improvements and enhancements for actuarial reporting.
- Provide support and liaise with group and business unit functions for Group reporting topics.
- Surge support for the actuarial reporting & analysis work where needed, such as annual capital model runs, etc.
- Support the development and implementation of company-wide strategic initiatives and special assignments as required.
- May perform other duties as assigned.
Qualifications
- Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellence.
- FSA or equivalent.
- Fellow of the Society of Actuaries (FSA) designation (or equivalent).
- Must have 5+ years actuarial experience with financial valuation, modeling, cash flow analysis in the insurance or reinsurance industry.
- Experience with BI and analytics tools and coding software, Python preferred.
- Expertise in IFRS, Solvency II, LDTI, PBR, or similar economic value reporting method preferred.
- Demonstrated ability to work as a collaborative team member in a cross functional, fast paced environment.
- Experience mentoring and developing junior team members.
- Demonstrated ability to understand complex models and perform valuation, modeling, and analysis to deliver required results.
- Demonstrated ability to identify and implement departmental processes and controls and ensure appropriately documented.
- Strong interpersonal and excellent communication skills, including verbal, written and relationship building.
- Proficient in actuarial software, database, and reporting tools.
You may not meet every requirement listed in the job description. If you bring broad expertise and alignment to the role and resonate with our core values, we encourage you to apply.
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!
Pay Range for roles performed in CLT: $139,000-$170,000 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.
About Us
As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.
As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
