VP, Actuary – US Pricing

SCOR

  • New York City, NY
  • Permanent
  • Full-time
  • 25 days ago
Job Description:This position will contribute to thought leadership in regard to the ongoing evolution of standards and assessment methodologies related to key pricing assumptions. While collaborating with the Global Pricing, Underwriting, and Experience Analysis teams, this individual will strive for continuous improvement in the assessment of methodologies and approaches in setting Best Estimate pricing assumptions. This position performs its duties through hands-on personal professional efforts and through the guidance and mentorship of others in the US Pricing Actuarial Department.Responsibilities:Key duties and responsibilities
  • Work closely across teams (Client Solutions, Underwriting, Experience Analysis, and others) to identify the expectations and needs of the Pricing team as client requests are received.
  • Work with the Client Solutions team and other departments to find solutions to client issues.
  • Lead the pricing process while working with the deal team to deliver high quality and timely reinsurance quotes to our clients.
  • Assure the continuous improvement of the pricing standards and assessment methodologies related to key pricing assumptions through effective thought leadership and projects.
  • Research technical topics, share knowledge, provide informed opinions of the best course of action, and implement decisions in the pricing process and models.
  • Review emerging products, regulatory developments and industry issues. Provide feedback to senior management on the financial impact of these in regard to particular products, particular companies, or our overall portfolio.
  • Participate in the evaluation of and propose pricing approaches for product lines new to SCOR.
  • Provide guidance in the assessment and development of mortality assumptions, including adjustments to reflect emerging UW models and practices.
  • Work with the Global Pricing team to continually improve data modeling.
  • Assist on various projects involving Growth & Development initiatives as they arise.
  • Participate in thought leadership by writing for SCOR's client newsletters and industry publications, attending and participating at targeted industry conferences and by serving on relevant industry committees.
  • Participate in client meetings during client visits, at industry events, or virtually.
  • May perform other duties as required
Qualifications:Required experience & competencies
  • 10+ years of experience in product management, pricing, and corporate financial management in the life insurance and life reinsurance industry.
  • Up-to-date knowledge of life insurance laws, regulations, insurance products, and emerging underwriting practices.
  • Credibility and leadership with the capability to generate a high level of respect and trust from management and other actuarial professionals.
  • Skilled in mathematical analysis with strong problem-solving ability
  • Demonstrated skills in identifying and solving business needs, including preparing and analyzing data, assumptions, and models.
  • Excellent verbal and written communication skills.
  • Basic knowledge of statistical programming languages (i.e., R or Python).
  • Experience with actuarial modeling software, GGY AXIS or Prophet preferred.
  • Strong proficiency using Microsoft Office Products and demonstrated ability to learn new software/tools.
  • Basic knowledge and awareness of the Agile/SCRUM methodology.
  • Highly motivated/self-starter.
  • Must be able to work independently as well as part of a team with readiness to travel on occasion.
  • Skilled at collaborating with others across offices and geographical locations.
  • Regular attendance and ability to work extended hours, if necessary, to meet deadlines.
Required Education
  • Bachelor's degree in Actuarial Science or related areas
  • Fellow of the Society of Actuaries with current CPD compliance
About Us:SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.

SCOR