Associate Actuary - Inforce Optimization

Associate Actuary - Inforce Optimization

Charlotte, North Carolina, United States and 1 more

Responsible for validating, calibrating, and projecting experience used by the VP, Inforce Management to recommend specific actions to senior management to optimize underperforming treaties.

The Inforce Optimization Department is a dynamic, collaborate, evolving department that provides opportunities to work on joint actions and independent work assignments.

• Provide timely and accurate actuarial support for actions to be taken by SCOR to optimize its inforce block
• Review treaty terms, assumptions, and pricing files
• Perform premium validations to ensure client companies are paying correct premiums
• Update models that inform inforce analytics
• Clearly communicate project progress and impediments and recommend next steps
• Identify and report actuarial risks as required for the group and legal entity risk dashboards
• Analyze various courses of action on underperforming business that management may consider in selecting the optimal approach
• Assist team in completing ad hoc requests
• Participate in the Actuarial Student Rotation program

Other duties as required and based on experience level

• ASA/FSA designation preferred. ASA level encouraged to participate in the Actuarial Student Program until FSA is obtained.
• At least 3-5 years of life insurance actuarial experience (reinsurance experience a plus)
• BA/BS degree or equivalent in mathematics or actuarial science or related field
• Demonstrated analytical skills with proven track record of strong problem-solving
• Prior Actuarial software experience with demonstrated ability to understand complex models
• High level of computer literacy: strong skills in MS Office, particularly Excel, and proficient in SQL and VBA.
• Highly motivated, curious self-starter
• Ability to work independently and as part of a team
• Ability to understand and consider broad picture while researching details
• Understand pricing, valuation methods, and financial results
• Strong interpersonal and communication skills
• Ability to identify and implement departmental processes and controls and ensure appropriate documentation

Relocation assistance within the U.S. is available for this position.

CandidatesmusthavevalidauthorizationtoworkintheU.S.withouttheneedforemployersponsorshipnoworinthefuture.

Hybrid Work Policy :

SCORiscommittedtoan"in office"culturewherepeoplecancollaborate,exchange ideas,andestablishstrongerworkingrelationshipswhilestillprovidingflexibility. Tosupportemployeework-lifebalanceandincreaseopportunitiesforemployeestoexceleveryday,SCORoperateswithahybridworkingarrangement.

Pay Rangeforrolesperformed in NC: $109,500-$134,000 basesalaryperyear.

Actualsalariesmayvarybasedonvariousfactorsincludingbutnotlimitedtolocation,experience,roleandperformance. TherangelistedisjustonecomponentofSCOR'stotalcompensationpackageforemployees.

Otherrewardsmayincludeannualbonuses,short-andlong term incentives. In addition,weprovideavarietyofbenefitstoemployees,includinghealthinsurancecoverage,lifeanddisabilityinsurance,aretirementsavingplan,paidholidaysandpaidtimeoff.

• Locations 101 South Tryon Street, Charlotte, NC, 28280, 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.