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. Using its experience and expertise, "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - in Life & Health insurance as well as in P&C insurance.Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.
Head Actuarial Analytics & Model Governance
In this role, you will lead a senior actuarial team that provides central services to the global Pricing & Cat Modelling department. Your role will be to support the team in delivering complex actuarial projects, helping to manage competing stakeholder needs, recurring deliverables and special requests. As such, you will have a strong grounding in reinsurance business, well understand the links between capital, pricing, reserving and business planning and a working knowledge of Solvency II, IFRS17, capital allocation and pricing performance KPIs.
Key duties and responsibilities
You will lead a team comprising actuarial, data science and cat modelling expertise with 50+ years of combined industry experience, based in Zurich, Paris and Chicago with following tasks :
Assess global adequacy of pricing portfolios
Support RoRAC target setting and monitoring process
Conduct various methodological reviews - e.g., on capital allocation, IFRS17 CSM proxy.
Data Stewardship: help link and structure data from various systems, leveraging external data to deliver user-friendly analytics tools to support decision-making within P&C
Co-ordinate updates of operational pricing & regulatory documents
Oversee Governance committees to approve updates to pricing & modelling methods
Support transactional pricing teams in engagement with internal audit, independent validation and other governance functions
Required experience, competencies & educational background
Expert knowledge of reinsurance business with experience in reinsurance pricing / modelling
Track record overseeing actuarial projects
Actuarial qualification with knowledge of Solvency II and IFRS17 requirements a plus
(Managerial ) competencies:
Excellent interpersonal and communication skills, as you will need to forge constructive relationships across the various entities of the Group
Desired personal competencies include collaborative spirit, curiousity, being enthusiastic and flexible in the face of a constantly evolving environment
At least 5 years managing a team in a similar function
Master Degree in a quantitative/numerate discipline, i.e. Actuarial Science, Insurance Mathematics, Engineering or similar
PhD or any further actuarial and insurance relevant qualification of advantage