Single Risk Pricing Actuary Full Time

• Ensure pricing models are appropriately calibrated and used appropriately by Underwriters, including rate change calculation. 
• Maintenance of existing pricing tools including technical documentation / specifications / change parameter documentation (including impact analysis).
• Actively build relationship with Underwriters and assist in change management (including training) when onboarding Underwriters on to new pricing tools or platforms.

Pricing and review key individual accounts:

• Analyse and pricing of individual short tail single-risk accounts typically with complex features or high premium.
• Conduct pricing reviews on accounts with high and extreme materiality to ensure that all accounts priced adheres to appropriate pricing review process as defined in Specialty Insurance Pricing Guidelines.
• Provide pricing assistance to Reinsurance Treaty Team during busy periods (such as the 01-Jan renewal season) on various markets
   

Portfolio analysis, business planning, recalibration: 

• Contribute and manage the annual planning (profitability) review of portfolio (deep-dive) by considering combined ratios, rate levels, inflationary effects, and class of business mix for Specialty Insurance (including SCOR Syndicate).
• Manage and contribute to the annual capital model parametrisation process (Underwriting / Premium Risk), which is concluded in conjunction with Group Risk Management, Capital Modelling Team, and Underwriters. 
• Development and maintenance of dashboards and various management information. 

Reporting: 

• Contribute to various regulatory tasks such as the Lloyd’s Performance Management Data Return (PMDR), and board reports.
• Regular monitoring and feedback of Underwriter Adjustments, plus pricing strength (adequacy) against the long-term profitability targets.
• Any other ad-hoc reporting requirements.

People Management: 

• no people management at the beginning
• possibly manage a small team of Pricing analysts and/or Cat modellers within few months after the hiring if the situation evolves well as expected.

Required experience & competencies

Experience:

• Pricing experience in P&C insurance is compulsory (if possible on large corporate risk or London Market)
•  Working knowledge of pricing ,capital modelling and reserving processes and techniques.
• Strong analytical skills and ability to manipulate or handle large datasets.
• Experience using R, Python, R-Shiny, or any other programming languages in commercial environment desirable but not compulsory.

  Personal Competencies:
   

• Highly motivated and driven individual with excellent analytical and problem-solving skills
• Effective communication and collaboration skills with excellent interpersonal verbal and written skills that enables the candidate to communicate with colleagues from non-actuarial team
• Strong organisational and time management skills required
• Self-starting individual and excellent team player
• Stays up to date with new/emerging knowledge in actuarial pricing as well as in respect of major market and underwriting related issues. 
• Has a commercial outlook but with a principled stand where required and contributes to create viable and innovative solutions that outperform competitors and differentiates SCOR.

  Education

• Nearly / Newly qualified actuary from a recognised actuarial organisation 
• Degree in Mathematics, Actuarial Science or any other scientific discipline (Statistics, Physics, etc.)