Pricing Actuary - Casualty

The job holder will be a key member of the SBS & Cedant Facultative P&C Pricing and Modelling team supporting business written by SCOR (including SCOR Syndicate), focusing on Casualty lines of business.

The work includes pricing of key individual accounts, working with Underwriters, developing and maintaining pricing models, conducting pricing related analyses and any other ad-hoc reporting requirements. The job holder will also represent SBS Pricing & Modelling Team in any ongoing and future global projects.

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.

Required experience & competenciesA couple years of London Market Experience Knowledge of Microsoft Office (Proficiency in Excel). SQL, GIS and Programming skills ideally in R or Python is a plus Strong analytical skills. Pro-active, hands-on mentality and can-do attitude. Self-starter and solution oriented. Flexible, can adapt according to priorities. Expertise in digital technology and Data Engineering Clear communicator, able to structure an argument and ability to explain complex issues in a simple way.

Team player, interested in sharing knowledge and helping to develop the team.

Skills in data science, predictive modelling & analytics, machine learning, AI Programming skills

Required Education Qualified actuary (FIA) or holder of an equivalent qualification from a recognised actuarial professional body.

Excellent academic qualifications including a minimum of a bachelor’s degree in mathematics, actuarial science, other scientific discipline (statistics, physics, natural science), economics or finance. An advanced degree (master’s or PhD) would be a plus.

Develop, test, and maintain pricing tools:
Develop, enhance and own direct & facultative casualty pricing tools and methodology in conjunction with Underwriters, Underwriting Management, CTO and the Specialty Insurance Methods and Tools team. Ensure pricing models are appropriately calibrated and used appropriately by Underwriters, including rate change calculation. Maintenance of existing pricing tools including technical documentation / specifications / change parameter documentation (including impact analysis).Contribute to the team objective of improving pricing processes by implementing more innovative and data-driven approaches.

Build/enhance pricing tools leveraging MS Excel and support transition to web-based submission-to-bind platforms in a Python-based ecosystem. Support efforts to build/refresh predictive models (e.g. Generalized Linear Models)
Actively build and own relationship with Casualty Underwriters and assist in change management…