Associate Actuary - Pricing

SCOR Group; Toronto; Hybrid; CAD 119,000 - 146,000; Full time

Benefits offered by this job

Medical, vision, and dental coverage

Company-funded Defined Contribution退休

Life and AD&D insurance

Long- and Short-Term Disability

Flexible Parental Leave

Unlimited Sick Days

Volunteer Time

Summer Fridays

Learning & Development Resources

Personal Wellness Tools and Rewards

Job summary

SCOR Group is seeking an Associate Actuary - Pricing to support pricing of RFPs across lines of business. You will develop models in AXIS or R, perform experience studies, and contribute to assumption development and model enhancements while collaborating with cross-functional teams to meet insurer needs.

You will present findings to clients, support data analytics, and participate in business initiatives. Hybrid work and relocation support within the U.S.

Qualifications

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated academic excellence.
• Experience relevant to Pricing function.
• Must have completed 4+ SOA exams with steady progression towards ASA/FSA designation and knowledge of programming or analytical software.
• Solid mathematical analysis skills with strong problem-solving ability.
• Highly motivated/self-starter and able to work independently or in a team.

Responsibilities

• Work with Actuarial Pricing Team to deliver priced RFPs/quotes to meet insurer needs.
• Develop actuarial models in AXIS or R, including liability population cells/data tables.
• Generate cashflow projections and provide analysis to Pricing Actuarial staff.
• Research and develop bases including mortality and trend assumptions for pricing.
• Present and liaise with clients to facilitate front office activities and knowledge sharing.

Skills

Pricing experience

SOA exams in progress

Independent work & teamwork

Analytical thinking

French language (assets)

Education

Actuarial/Math/Statistics/Economics degree

Tools

AXIS

Excel

Access

R

Python

Azure DevOps

Job description

The Associate Actuary - Pricing is primarily responsible for supporting the pricing of RFPs across various lines of business. The work is focused on completing experience studies, assumption development, model development, and R&D work. Other responsibilities include supporting client initiatives, data analytics and other business activities. The Senior Actuarial Analyst will support cross-functional projects, as well as work closely with other teams (eg. Reserving, Operations, Underwriting, Global Pricing, etc) as required.

Responsibilities

• Work with Actuarial Pricing Team to deliver quality and timely priced RFPs/quotes to meet insurer needs.
• Develop actuarial models in AXIS or R, including liability population cells / data tables / other structures needed to properly price business.
• Generate cashflow projections and provide analysis to Pricing Actuarial staff.
• Research and develop bases including base incidence/mortality rates and trend assumptions for mortality, morbidity, and longevity pricing.
• Present and liaise with clients to facilitate front office activities/business development/knowledge sharing.
• Work with Marketing Actuaries, Operations, and Pricing Actuary to ensure that they have all information required for Assumption Review Committee and Business Review.
• Work with Corporate Actuarial staff and counterparts to continually improve data modeling, inforce management, establishing valuation numbers, and hand off controls.
• Continue ongoing enhancements to processes and tools.
• Assist on various other business initiatives as they arise.
• May perform other duties as required.

Qualifications

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellence.
• Experience relevant to Pricing function
• Must have completed 4+ SOA exams with steady progression towards ASA/FSA designation and have knowledge of computer programming or analytical software.
• Solid mathematical analysis skills with strong problem-solving ability.
• Highly motivated/self-starter.
• Must be able to work effectively independently & as part of a team.
• Proficiency in typically-used life insurance software (AXIS, Excel, Access, etc.)
• Preferable to have strong computer skills including R, Python, Azure DevOps.
• French language an asset.

Relocation assistance within the U.S. is available for this position. Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

Hybrid Work Policy: SCOR is committed to an “in-office” culture where people can collaborate, exchange ideas, and establish stronger working relationships while ll 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.

At SCOR, we CARE about clients, people, and societies, and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical, financial, and emotional well-being of the people who make our company successful – you.

Benefits We Offer

• Medical, vision, and dental coverage
• 401(k) Plan with a competitive match
• Company-funded Defined Contribution Retirement Program
• Life and AD&D insurance
• Long- and Short-Term Disability
• Flexible Parental Leave
• Unlimited Sick Days
• Volunteer Time
• Summer Fridays
• Learning & Development Resources
• Personal Wellness Tools and Rewards
• Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios
• And More!

Pay Range for roles performed in Toronto: $119,150-$145,626 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR’s total compensation package for employees. Other rewards may include annual bonuses, short- and long term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.

• Locations 145 King Street West, Toronto, Ontario, ON M5H 1J8, CA

About Us

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.