Associate Actuary, US Group Pricing

SCOR • Minneapolis, MN

1d • Hybrid

About The Position

Provide pricing, financial and risk management for the Group Life and Accident reinsurance business. The position has significant impact on achievement of revenue, earnings and operational goals. In addition, will support leadership within the Group Reinsurance team and assist in the development of new products and overall expansion of Group Reinsurance business, collaborating with other business units within SCOR. Work closely with marketing underwriters, operations, and other actuaries within the Group Reinsurance team and within SCOR Life Pricing. The position will also conduct research and complete projects which add value to SCOR’s clients. The position is eligible for potential rotation within SCOR as part of the actuarial program.

Requirements

• BA/BS degree or equivalent
• Actuarial exam progression with the intent of obtaining Fellowship in the Society of Actuaries
• 2 years of insurance or reinsurance experience
• Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

Nice To Haves

• Actuarial Credentials (preferred)
• 2-5 years of Group Life experience (preferred)
• Other relevant actuarial experience that is transferrable to Group Reinsurance
• Potential to manage staff based on career development

Responsibilities

• Collaborate with Group Reinsurance team to establish strategic direction for Group Reinsurance products.
• Work with the VP, Actuary – Group Reinsurance and others within SCOR to support financial reporting, experience analysis and reserving of the Group Reinsurance business and coordinate information and support for the financial and operations staff.
• Involved in all aspects of risk management such as pricing of in-force and new accounts, underwriting, product development, data capture, concentration risk analysis and establishment of proper guidelines and procedures.
• Work with VP, Actuary – Group Reinsurance in developing and maintaining Local Pricing and Underwriting Guidelines as it relates to U.S. Group Life & Accident reinsurance business.
• Conduct concentration analysis of Group reinsurance volume, utilizing software for this purpose and assisting in managing intern staff to perform research. Analysis shared with SCOR Risk function to ensure risk is properly managed.
• Assist with developing and implementing renewal strategies to meet SCOR profit goals.
• Develop tools to assist in pricing and risk assessment.
• Complete projects, including research and development, for the benefit of in-force clients and to meet specific client requests. Willingness to share insights with clients in training sessions.
• Travel periodically to meet and build relationships with clients, prospects and brokers, including travel to present at industry conferences or for SCOR internal meetings.
• Ensure adherence to ERM controls and processes.

Benefits

• Relocation assistance within the U.S. is available for this position.
• Hybrid Work Policy: SCOR is committed to an "in office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still 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.
• health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.
• annual bonuses, short- and long term incentives.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level