Senior Actuarial Analyst, Longevity

Job description

This role will support all aspects of Deal Management from being part of an execution team for new deals to onboarding those deals and maintaining them on SCOR’s existing platforms. As part of loading new deals, the role holder will need to model the complex underlying benefits. Strong data analysis skills will therefore be important. 

The team are continually improving processes and tools and the role holder will need to be a champion for change with a strong mindset to question the status quo and implement change. 

The candidate will be expected to help build, standardise, organise and refine the processes and tools used in the management of current deals.

There will be many opportunities to work in projects across the wider longevity team, including Pricing, Business Development and Research and to lead such projects once the role holder has the required experience. Working across a number of areas within the wider team will help develop a breadth of knowledge and skills of the overall Business, as well as the tools and processes used. 

The post holder will be expected to support the senior team in front of clients and other stakeholders (internal and external), with the expectation of them taking the lead and pro-actively building out those relationships themselves over time. Excellent communication skills and a professional and confident presence will therefore also be required.

The role holder will be expected to take ownership of various processes and projects and use their initiative to work through successful outcomes for the Business.

Experience: 

·  Good progress with actuarial exams since leaving University; completed at least all Core subjects.
·  Post University insurance/pensions/reinsurance/consultancy experience

Necessary Skills: 

·  Knowledge and understanding of UK pensions and annuity landscape
·  Ability to model financial products (particularly escalating annuities)
·  Excellent communication (written and oral) and interpersonal skills
·  Good Project Management skills
·  Experiences of client and internal stakeholder management 
·  Strong data analysis skills
·  Attention to detail
·  Motivated to learn and share best practices and learnings
·  Good team-working and collaborative skills
·  Ability to work to hard milestones and deadlines 
·  Ability to problem solve
·  Professional and confident presence

Digital Competencies:

·  Microsoft Word (Intermediate), PowerPoint (Intermediate) 
·  Excel (Intermediate)
·  Prophet, SAS, R & Python

Required Education 

·  Undergraduate degree – grade 2:1 (or equivalent experience)

 

The Senior Actuarial Analyst will be exposed to a wide range of tasks across the whole team including:

Deal Management & Adherence to treaty requirements

·  Work with Senior members of the team to ensure treaties are adhered to, resolving breaches where necessary in a client focused way. 
·  Build and adapt complex calculation tools for modelling claims and premiums. 
·  Adapt and use various tools to calculate collateral exposures of SCOR and SCOR’s clients under the terms of the reinsurance arrangement. 
·  Perform analyses of in-force deals for the purpose of setting future valuation assumptions, refining future pricing bases and spotting potential treaty breaches and irregularities.

Continuous Improvement and Evolution

·  Work with senior actuaries to standardise and modernise the in-force management processes and tools.
·  Analyse areas within existing processes for automation and implement where appropriate, adopting Agile practices to facilitate change.
·  Champion continuous improvement in processes and tools across the team to ensure scalability as business volumes grow.

New business support

·  Play a significant role in new deal execution teams.  This may include model testing, initial due diligence, understanding and shaping of the client’s administration processes, treaty design and wording as well as helping to build out the long-term client relationship.
·  Co-ordinate activities across teams, both UK and non-UK, to help onboard and maintain recently transacted longevity arrangements to SCOR’s existing platforms.

Pricing & Research

·  Undertake analysis in order to contribute to the ongoing innovation of longevity pricing bases and tools both in the UK and other possible territories.
·  Develop and maintain a good understanding of the risks of longevity business.

 

There will be the requirement to oversee the work of more junior colleagues and to build networks and co-ordinate work across other internal teams both inside and outside the UK.