Actuary, Financial Development
Charlotte, NC, United States
Job Description
Hybrid work policy : SCOR is committed to an "in-office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still 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.
You will be responsible for the actuarial modeling of the Life block of business. This includes modeling developments and improvements, model maintenance and release, model change management process, and updating key actuarial assumptions and special projects.
Responsibilities
Review and explain legal entity movement led by different development items. And support governance and analysis regarding them.
Support model development, analysis, and audit for the Irish team to replace their manual calculation.
Emerging additional requests/reporting requirements from the Irish team.
Enhance the data auto-ingestion process of reporting.
Supporting legal entity level assumption set up and feature build.
Document and maintain mapping(remapping) between different reporting cohorts (legal entity/ Omega treaty/ILIAS block) to make sure the accuracy of data auto-ingestion.
Enhance and improve current actuarial modeling and reporting processes, convert targeted business onto actuarial models, and support regular model releases.
Ensure that appropriate auditable controls, reconciliations, and documentation are maintained.
Work with financial reporting teams, both actuarial and broader finance, to ensure the analytical capabilities required for managing the business under IFRS 17 are available.
Communicate actuarial analyses and results to business unit management.
Provide support to other areas such as accounting, FP&A, and data management.
Build and maintain relationships with colleagues throughout the SCOR Group
Complete special assignments and projects for the department as necessary
Qualifications
FSA (or equivalent) designation from the Society of Actuaries preferred
5+ years' experience with modeling or financial reporting experience
Deep experience with actuarial modeling software (Prophet preferred)
Deep experience with life and annuity products
Strong interpersonal and communication skills, including verbal, written, and relationship-building.
Ability to work efficiently and effectively in a team setting
Ability to work independently and direct work to junior resources
Demonstrated ability to understand the broader picture and impact of decisions.
Demonstrated ability to understand complex models and perform valuation and analyses to deliver required results.
Demonstrated ability to identify and implement departmental processes and controls and ensure appropriate documentation.
Rapid and consistent increase in responsibilities in an organization
Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field with a demonstrated record of academic excellence.
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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