Longevity Pricing Actuary

The role offers broad exposure across both UK and international markets, with responsibilities spanning:

• Technical pricing of longevity tenders

• Development of new product propositions

• Coordination of new business approvals with SCOR Global Life and Group functions

• Execution of new deals

• Enhancement of pricing tools and processes

• Research into demographic assumption derivation

• Client relationship management

   

The role is approximately split 80% pricing / 20% research,

The successful candidate will join as a member of the Global Longevity Pricing team, contributing to all aspects of understanding, pricing, and managing longevity reinsurance risks. This role plays a critical part in enhancing SCOR Global Life’s ability to write profitable new business.

Quote Production

• Lead the production of quote tenders including the production of quote pricing basis (base table, improvements, marriage assumptions and KPI metrics). 

• Produce accurate rates within specified timeframes and accurate documentation to support quotes.

• Ensure pricing basis conforms with SCOR Global Life Annuity pricing guidelines and that key pricing issues/ risks are highlighted early.

• Support the Head of Pricing on business referrals with Group sign-off teams based in Paris, Cologne and Ireland.

• Support new business execution.

New product and proposition development   

• Lead the technical development of new products/ propositions.

 Pricing Process and Tools

• Manage the maintenance and development of Longevity pricing processes and tools to improve the accuracy, efficiency and insight gained from process outputs.

• Pro-actively suggest improvements to the pricing processes and tools.

• Ensure process updates are managed in a compliant and documented manner.

 Research

• Lead/ assist Longevity research projects.

• Assist ongoing innovation of pricing basis which enable SCOR to write profitable new business and develop its product offering.

Relationships

• Develop client and internal relationships and provide excellent customer service, to help deliver the Longevity team’s objectives.

• Promote team’s technical expertise, internally and externally, to help develop team members and educate internal non specialists as necessary.

Required experience & competencies
 

• Qualified Actuary with several years of longevity pricing or research experience (in particular basis derivation and/or pricing methodology development).

• Understanding of pension de-risking offerings in the UK and global markets.

• Understanding of pension scheme data and typical scheme rules.

• Client management experience.

• R experience.

• Experience of manipulating and analysing large datasets.

Personal Competencies:

Essential:

• Excellent technical skills and attention to detail.

• Excellent communication and internal stakeholder management skills.

• Excellent planning and work management skills and experience of leading projects.

• Excellent ability to use analytical skills combined with sound judgement and commercial awareness to recommend justifiable and practical pricing advice.

• Self-motivated.

• Team player.

• Customer focused – able to communicate effectively in client meetings.

• Flexible and adaptable.

Required Education 

• Qualified Actuary.

• Educated to degree level with excellent academic track record or equivalent experience.

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.