Manager, Longevity Pricing

Job description

SCOR’s Global Longevity team is already a leader in the longevity reinsurance market. We have developed expertise in the UK bulk de-risking market over the past decade providing longevity protection to insurers and pension schemes to help them keep their financial promises to annuitants and pensioners.  We have also developed expertise in the individual annuity market with a focus on the use of medical underwriting and our technical knowhow enables us to price longevity for a range of different health conditions at retirement. Our success has not been limited to the UK market as we have also played a pioneering role in international territories in Europe and North America.

  This is a senior role within the Global Longevity Pricing team, reporting directly to the Head of Pricing.

This role has a wide range of exposures (in UK and international markets) including technical pricing for Longevity tenders, new product proposition development, new business approvals from SCOR Global Life and Group functions, new deal execution, pricing tool and process development,  research projects of demographic assumption derivation and client relationship management. 

 

Some of the key areas in which the successful will work as a member of Longevity pricing team include 

·  Contributing to all aspects of understanding, pricing and managing longevity reinsurance risks, enhancing SGL Global Longevity team’s ability to write profitable new business.
·  Lead the production of technical pricing for Longevity tenders which includes experienced analysis, proposal of basis, rate production, KPI metrics, and supporting documentation.
·  Lead the technical development of new products/ propositions.
·  Support the Head of Pricing on business referrals with Group sign-off teams based in Paris, Cologne and Ireland.
·  Support new business execution.
·  Lead or support the maintenance and development of Longevity pricing processes and tools.
·  Lead or support research and ad-hoc projects.
·  Assist in the development of team members.

Required experience & competencies

Experience

     Essential :

·  Experienced Qualified Actuary with multiple years of longevity pricing or research experience (in particular mortality basis derivation)

     Desirable :

·  Understanding of pension de-risking offerings in the UK and non-UK markets
·  Understanding of pension scheme data and typical scheme rules
·  Client management experience
·  SAS/SQL experience
·  Experience of manipulating and analysing large datasets

 Competencies:

     Essential :

·  Excellent technical skills and attention to details
·  Excellent communication and internal stakeholder management skills
·  Excellent planning and work management skills and experience of leading projects
·  Excellent ability to use analytical skills combined with sound judgement and commercial awareness to recommend justifiable and practical pricing advice
·  Self-motivated
·  Team player

Desirable:

·  Customer focused – able to communicate effectively in client meetings
·  Flexible and adaptable
·  Qualified Actuary.
·  Educated to degree level with excellent academic track record or equivalent experience.

Required Education
·  Qualified Actuary
·  Educated to degree level with excellent academic track record or equivalent

Quote Production

·  Lead the production of quote tenders including the production of quote pricing basis (base table, improvements, marriage assumptions and KPI metrics).
·  Produce accurate rates within specified timeframes and accurate documentation to support quotes.
·  Ensure pricing basis conforms with SCOR Global Life Annuity pricing guidelines and that key pricing issues/ risks are highlighted early.
·  Support the Head of Pricing on business referrals with Group sign-off teams based in Paris, Cologne and Ireland.
·  Support new business execution.

    Pricing Process and Tools

·  Manage the maintenance and development of Longevity pricing processes and tools to improve the accuracy, efficiency and insight gained from process outputs.
·  Pro-actively suggest improvements to the pricing processes and tools.
·  Ensure process updates are managed in a compliant and documented manner.

    New product and proposition development   

·  Lead the technical development of new products/ propositions.

    Research

·  Lead/ assist Longevity research projects.
·  Assist ongoing innovation of pricing basis which enable SCOR to write profitable new business and develop its product offering.

    Relationships

·  Develop client and internal relationships and provide excellent customer service, to help deliver the Longevity team’s objectives.
·  Promote team’s technical expertise, internally and externally, help develop team member and educate internal non specialists as necessary.