Associate Actuary Pricing
Job Summary
The Associate Actuary - Pricing is primarily responsible for supporting the pricing of RFPs across various lines of business. The work is focused on completing experience studies assumption development model development and R&D work. Other responsibilities include supporting client initiatives data analytics and other business activities. The Senior Actuarial Analyst will support cross-functional projects as well as work closely with other teams (eg. Reserving Operations Underwriting Global Pricing etc) as required.
Responsibilities
- Work with Actuarial Pricing Team to deliver quality and timely priced RFPs/quotes to meet insurer needs.
- Develop actuarial models in AXIS or R including liability population cells / data tables / other structures needed to properly price business.
- Generate cashflow projections and provide analysis to Pricing Actuarial staff.
- Research and develop bases including base incidence/mortality rates and trend assumptions for mortality morbidity and longevity pricing.
- Present and liaise with clients to facilitate front office activities/business development/knowledge sharing.
- Work with Marketing Actuaries Operations and Pricing Actuary to ensure that they have all information required for Assumption Review Committee and Business Review.
- Work with Corporate Actuarial staff and counterparts to continually improve data modeling inforce management establishing valuation numbers and hand off controls.
- Continue ongoing enhancements to processes and tools.
- Assist on various other business initiatives as they arise.
- Prepare data documentation packages.
- May perform other duties as required.
Qualifications
- Bachelors Degree in Actuarial Science Mathematics Statistics Economics or related field with demonstrated record of academic excellence.
- Experience relevant to Pricing function
- Must have completed 4 SOA exams with steady progression towards ASA/FSA designation and have knowledge of computer programming or analytical software.
- 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 typically-used life insurance software (AXIS Excel Access etc.)
- Preferable to have strong computer skills including R Python Azure DevOps.
- French language an asset.
You may not meet every requirement listed in the job description. If you bring broad expertise and alignment to the role and resonate with our core values we encourage you to apply.
Relocation assistance within the U.S. is available for this position. Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.
Hybrid Work Policy: SCOR is committed to an in-office culture where people can collaborate exchange ideas and establish stronger working relationships while ll providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.
At SCOR we CARE about clients people and societies and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical financial and emotional well-being of the people who make our company successful you.
Benefits We Offer
Medical vision and dental coverage
401(k) Plan with a competitive match
Company-funded Defined Contribution Retirement Program
Life and AD&D insurance
Long- and Short-Term Disability
Flexible Parental Leave
Unlimited Sick Days
Volunteer Time
Summer Fridays
Learning & Development Resources
Personal Wellness Tools and Rewards
Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios
And More!
Pay Range for roles performed in Toronto: $119150-$145626 base salary per year. Actual salaries may vary based on various factors including but not limited to location experience role and performance. The range listed is just one component of SCORs total compensation package for employees. Other rewards may include annual bonuses short- and long term addition we provide a variety of benefits to employees including health insurance coverage life and disability insurance a retirement saving plan paid holidays and paid time off.
Required Experience:
IC
About Company
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 soluti ... View more