Job Description

The Chief Pricing and Underwriting Office (CPUO) is organised around 4 main activities: Global and Regional Pricing, Underwriting Management, Medical Underwriting & Claims and Experience Analysis and Biometric and Behavioural Modelling. We work together based on communities around outcomes.



The Global Pricing team is composed of experienced pricing actuaries who are responsible for the pricing framework and standard within the CPUO. The team's responsibilities include setting pricing and assumptions methodology, sharing expertise, ensuring good practices and quality controls and supporting wider business unit strategy. We provide support and controls to the pricing actuaries of Life markets, and we work closely with UW and Med Underwriting and Claims teams contributing to Business Acceptance decisions.



We are responsible for the production of an opinion on the deals referred to us (typically the larger and more complex transactions that exceed local authorities).



The role doesn't have direct people management responsibilities. However, the role requires strong coordination and organisational skills to manage several stakeholders during the referrals and the BE reviews and their governance, and within limited timeline. This can also be applicable to the organisation of pricing workshops, the management of the pricing actuaries' community through events, forums, etc. Moreover, accepting management responsibility is expected of all team members at times on a project-by-project basis.



In respect of the primary role related to the referred pricing cases, it includes:


Supporting the organization and optimization of the Global Referral processFor Financial Solutions referrals and when delegated by Head of Referrals, leading the Pricing review by putting in place the pricing squad (if needed) and forming the official opinion of the Pricing Function on deals referred to the global level. Technical tasks involved are Review of Best Estimates, with the support of BRM team, if required Review of Modelling, KPIs and capital calculations making sure deal structuring is adequately reflected Ensure appropriate understanding and communication of the expert judgement decisions taken when evaluating the deal Deal documentation should describe best estimate, tools and processes used, expert judgement and sign off process. For Financial Solutions referrals and when delegated by Head of Referrals, coordinating the Business Acceptance review of the LCTT deals referred to the global level, working together with Risk Management and the Regional Business Acceptance Heads (e.g. in North America, CELA, and APAC) if requested. Such deals are typically exceptional in volume, complexity or of an unusual risk nature. The role holder will collaborate with all stakeholders to ensure the wider business acceptance implications of writing a new deal are fully considered. For Financial Solutions in particular and all other business lines, as needed, actively supporting the implementation of the business acceptance framework including review of the guidelines, deals' models, assessing adequacy of the controls' environment (e.g. peer-review, documentation, models' testing) Ensuring strong communication between the pricing teams and Head of Referral, Chief Pricing Actuary and Head of CPUO. This includes timely escalation if any material issues identified by the teams, to inform decision making. Leading or participating in wider projects, such as the quarterly negative EVA project, annual NPET profitability adequacy assessment cycle and reporting. Leading or participating the pricing workstream when involved in a cross review of the business acceptance process of a local entity. Participation in the animation of the Referral Community by sharing best practice and learnings and providing updates on the developments related to referral processes and activities. Participating in the animation of the Pricing Function Community (150 Pricing Actuaries worldwide) in terms of news communication, best practice sharing, know how transfer, etc. Due to its global nature and perspective, Global Pricing team is in the best position to analyse and spread original ideas within the organisation. Follow up the publication on new methodology, with support on implementation to local teams. Occasionally participate to client meetings, deals due diligences, negotiations

All members of the Global Pricing team are expected to further the wider objectives of the team. The mandates of the Global Pricing team are:


To collect and share pricing expertise Ensure good practices and quality of pricing processes Set appropriate pricing methodology Support wider business acceptance considerations Support framework for assumption derivations and pricing guidelines Facilitate SCOR L&H vision and strategy from a pricing perspective Support development of processes to reduce operational risk in pricing Provide expertise and support for large and complex deals
All team members may be required to assist in above areas from time to time, even where outside of their core responsibilities.



Extensive experience in the international Insurance/Reinsurance industry, with significant experience in a Pricing role Strong experience in RBC regulatory context(s) such as Solvency II Management/project management experience Experience of multiple markets and products would be an advantage Strong appetite and proven ability to work in an international context with cross-team collaboration. Familiarity with actuarial modelling tools e.g. Prophet, Alpha, Moses, Axis is a plus Open-minded, result oriented, you work in an autonomous, organized and rigorous manner. You have proven communication skills especially in a complex context.

Education

Qualified Actuary

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 solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.


Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.


As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.


SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.