Pricing Modelling Actuary

The Global Pricing team provides support and controls to the SCOR L&H market pricing functions. The team's responsibilities include setting pricing and assumption methodology, support and development of pricing tools and processes, ensuring good practices and quality controls and supporting wider Business Unit strategy. Global Pricing work closely with UW Risk management and Medical Underwriting and Claims teams contributing to business acceptance decisions. Global Pricing support actuarial modelling within the pricing community with direct ownership and development of core pricing tools and are responsible for setting the approach, governance, standards and process framework for model development. This role will focus on development of pricing tools, with a particular focus on Python development in support of local market needs.

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.

Job Description

This role sits within a strategic initiative to improve the operational efficiency and robustness of pricing processes and tools. The objective is to automate pricing workflows, enhance the pricing capabilities and reduce the operational risks. The role will support the development of pricing tools, providing modelling expertise and technical assistance with core development responsibilities.

Duties to fulfil this role include:

• Contribute to the management and development of a Python pricing framework including end-to-end pricing calculations and workflow management and a pricing assumptions repository
• Work with the market pricing teams to support their development and guide local ownership of tools
• Supporting local markets with development expertise and education
• Work closely with IT and other group technical teams to deliver a functional solution for local market pricing teams.
• Main contributor to the Python Platform pricing project - a suite of tools for managing locally owned pricing processes.
• Work with specific market pricing teams to implement their pricing processes using the platform, encouraging local ownership.
• Develop, review and maintain model and process documentation to support the maintenance of the platform and guide the same for local market implementations.
• Collaborate with our IT function to ensure our infrastructure is supportive of pricing solutions.
• Provide timely and informed updates to management.
• Contribute to, and follow, a defined framework and control process for tool development.
• Support other tools' development, including a best estimate repository and other tools to help pricing actuaries perform their roles with efficiency and accuracy.
• Manage testing of the framework and governance of tools built by local actuaries and the core platform.
• Provide training, support and guidance to local market teams.

The role will also include participation in cross-reviews for pricing reviews as well as following up on the implementation of the issued recommendations and contributing to the continuous reviews to help reduce the operational risks of the pricing processes, tools, and local governance.

Global Pricing Mandate

All members of the Global Pricing team are expected to further the wider objectives of the team. The mandates of the Global Pricing team are:

1. To collect and share pricing expertise
2. Ensure good practices and quality of pricing processes
3. Set appropriate pricing methodology
4. Support wider business acceptance considerations
5. Support framework for assumption derivations and pricing guidelines
6. Facilitate L&H vision and strategy from a pricing perspective
7. Support development of processes to reduce operational risk in pricing
8. Provide expertise and support for large and complex deals

All team members may be required to assist in above areas from time to time, even where outside of their core responsibilities.

Ideal Experience

• Strong Python skills
• Strong life pricing background is preferred
• Development, testing and documentation of actuarial tools
• Building and maintaining good working relationships with teams located both locally and internationally
• Demonstrated innovation and creativity in proposing new ways of working
• Qualified actuary

Personal Competences

• Actuarial modelling skills
• Organisational skills and ability to meet deadlines
• Proven ability to be able to work independently, and closely within a small team
• Results driven and passion for quality
• Interpersonal skills
• Communication and documentation skill.

Required Education

• Experienced in insurance/reinsurance with actuarial and coding development experience