P&C Reserving and Performance Actuary

You will contribute to the team's provision of actuarial & performance services for SCOR business written in the UK (insurance, facultative reinsurance and treaty reinsurance business) for Lloyd's and non-Lloyd's entities.

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.

Job Summary

You will be part of the UK team in the Global P&C Reserving and Performance department. You are ambitious actuary who wants to work as part of an established Reserving and Performance team, providing a wide range of actuarial reserving services for Lloyd's and non-Lloyds business and entities as well as performance analytics feeding into SCOR business performance cycle. A key part of the role will be working on quarterly analysis reserve update in applicable standards and providing analytics and insights to Group and UK management and to your business stakeholders and assisting on a wide variety of local and global Reserving and finance Projects.

Responsibilities

• Lead in the analysis of the technical reserves in all applicable standards (Group IFRS 17, Solvency II) on a quarterly basis for multiple lines of business
• Contribute to the performance cycle of the business written in the UK
• Lead with reserving projects, such as automation of current processes and modelling of specific lines of business
• Lead improvements of certain models, visualisation tools and dashboards
• Annual review of the UK portfolio and contribute to the actuarial report for the various UK legal entities
• Carry out regular or ad hoc studies for specific segments
• Work closely and feedback loop with claims team, finance team, underwriters and underwriting management and other members of the actuarial team to develop, review and maintain appropriate tools and methodologies
• Communicate with external Actuaries, Auditors and external regulators when required
• Help enhance management information and reporting for Lloyd's, PRA and ACPR
• Communicate key movement/trends/events to the business on a quarterly basis, with opportunity to present at Management meetings and Reserving Committees
• Communicate financial analytics to the business and SCOR group

Experience & competencies

• Communication : Excellent interpersonal verbal and written skills that enable the candidate to communicate effectively with colleagues (especially underwriters), brokers and clients.
• Integrity : the ability to make a principled stand where required.
• Independent : a thinker with an analytical mindset.
• Flexibility : the ability to manage workload and prioritise different tasks.
• Personality : a self motivator who is keen to learn and take on increasing responsibility over time.
• Team work : Ability to work collaboratively with others in the Actuarial Team.
• Desirable: Excel, SQL, Tableau, Python, PowerBI or other programming language skills an advantage.

Required Education

• Qualified actuary with relevant non life insurance work experience
• Several years of Lloyd's/London Market reserving experience including UK GAAP, IFRS17 and Solvency II.
• Knowledge of following software:
• Microsoft Office applications
• VBA experience
• SQL language or R coding
• Tableau / Python experience
• ResQ software
• Knowledge of regulatory requirements and an understanding of how they impact on the business
• Excellent (Financial) analytical skills