Valuation Actuary

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Using its experience and expertise, “ The Art & Science of Risk â€, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR’s aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.

Job Summary

This position requires assisting the department head to with actuarial valuation and reporting requirements on IFRS, Solvency 2 and local statutory basis. The role also involves analysing and presenting financial results to various stakeholders (division, local management, auditors and regulators).

In addition, the role will assist in various projects ranging from process improvement, data management, IFRS17, etc.

Key duties and responsibilities

Be the key member for a project where the project involves accurate reporting and settlement for SCOR-Covea deal.
Produce cashflows, reserves, DAC and VOBA on quarterly basis for IFRS, Solvency 2 and Local Statutory reporting basis in accordance to company guidelines.
Analyze and explain financial results and variance to senior members in the team.
Assist in projects e.g. process improvement, data management, business planning, IFRS 17 etc.
Assist in maintenance / enhancement of working tools and initiatives to streamline the existing reporting process.
Ensure the data are well managed so that different stakeholders can use the data for different purposes.

Required experience & competencies

Experience:
At least 5 years of relevant working experience in insurance / reinsurance fields
Good understanding in accounting, financial reporting and valuation
Comfortable with handling large amount of data
Proficient in Microsoft Office suite (e.g. Word, Excel, Access, PowerPoint), Prophet software
Familiar with data analytics tools such as R, SQL or Python

Personal Competences:
Detail-oriented with strong organizational, interpersonal and communication skills
Excellent technical, analytical and problem-solving skills
Good project management skills
Self-motivated and positive working attitude
Demonstrate ability to solve problems and work independently

Required Education

Good progress with actuarial exams with one of the following actuarial associations – Society of Actuaries, Institute or Faculty of Actuaries, Institute of Actuaries of Australia

Job Types: Full-time, Permanent