Actuarial Analyst - Modeling

Job description

Americas

Charlotte United States (US)

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Actuarial Analyst - Modeling

Permanent

Actuarial

About SCOR

SCOR is the 4th largest Reinsurance Company worldwide, following a profit-driven underwriting policy and practising selectively across all branches of reinsurance. 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.
The Group’s strategy is based on a development model driven by three entities: SCOR Global P&C (Property and Casualty reinsurance), SCOR Global Life (Life reinsurance), and SCOR Global Investments (asset management).

Job Summary

This position is part of the US Modeling team, which is responsible for actuarial activities associated with SCOR’s US Life reinsurance business, including the following:

Quarterly production runs for Best Estimate Liabilities/Projections, IFRS and US Statutory/regulatory reserves, and DAC.

Quarterly model maintenance and model conversions.

Economic reporting production (Analysis of Change and Sensitivities).

Support operating plans and cash flow testing.

Support internal/external audits.

Provide support to other areas within SCOR (i.e. US reserving, FP&A, Finance, Risk, etc.).

- Key duties and responsibilities

· Assists in the development of seriatim and bulk financial projections for market consistent embedded value analysis, liability adequacy testing, and DAC/VOBA recoverability testing.
· Assists in experience studies and profitability analysis.
· Refreshing existing valuation/projection Prophet models as well as adding new clients to the seriatim valuation/projection modelling process.
· Assists in explaining market consistent embedded value results.
· Assisting in the preparation of monthly and quarterly financial information in accordance with Statutory, Tax, IFRS, GAAP principles.
· Support reserve credit security/collateral projections and capital forecasts.
· Ensure that appropriate and auditable controls, reconciliations and documentation are maintained with respect to valuation, economic reporting and modeling.
· Utilize technology to perform job functions more efficiently and to further automate the reserving and financial projection processes. Share technology solutions with other associates.
· Complete special assignments and projects for the department as necessary.

- Required experience & Education

· Must have complete 1-3 actuarial exams and have knowledge of computer programming or analytical software.
· Will participate in Actuarial Student Program until FSA is obtained.
· Solid mathematical analysis skills with strong problem solving ability.
· Excellent verbal & written communication skills.
· Highly motivated/self-starter.
· Must be able to work effectively independently & as part of a team.
· Proficiency in windows-based software (Excel, Access, etc.)
· Regular attendance and ability to work extended hours as necessary to meet deadlines.
· Strong computer skills including learning new software and Microsoft Office Products.
· Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellence