Pricing Actuary Expert

SCOR; Paris; Sur place; EUR 80 000 - 120 000; Plein temps

Résumé du poste

A leading global reinsurance company in Paris seeks a Transactional Pricing Lead. This role involves overseeing pricing methods, leading projects, and providing technical support to underwriting teams. Ideal candidates will have at least 10 years of experience in actuarial roles, strong analytical skills, and a background in mathematics or actuarial science.

Qualifications

• At least 10 years in actuarial roles focused on reinsurance or insurance.
• Strong mathematical and analytical background is essential.
• Experience in managing large projects and leading teams is a plus.

Responsabilités

• Oversee transactional pricing and support underwriting teams.
• Drive performance analyses and enhance P&M processes.
• Lead development of new insurance products.

Connaissances

Mathematical modeling

Technical innovation

Risk assessment

Interpersonal skills

Strategic thinking

Formation

Bachelor’s degree in mathematics or actuarial science

Master’s degree or PhD

Insurance qualification or actuarial credentials

Description du poste

• Pricing markets within Paris & MEA area, as well as GCU contracts
• Leading the development of pricing methods and tools
• Leading the development of market benchmarks
• Encouraging team engagement and fostering opportunities for team members to expand their market knowledge and deal-specific information through close collaboration with underwriters
• Excelled at identifying key drivers impacting the portfolio performance to support the underwriting in the decision-making and drive company growth in the region
• Regularly providing technical guidance and training of junior staff and interns

Serving as a subject matter expert in specific markets and lines of business, mentor emerging actuaries or cat modelers, and spearhead various projects and studies

Key duties and responsibilities

Drive Transactional Pricing :

The individual in this role will not only execute the following tasks independently and withexpertise, but also provide technical leadership, guiding others in the team and driving continuous improvement in our processes and methodologies :

• Provide risk assessment of contracts and offer technical support to Underwriting teams through transactional pricing and modelling and provide peer review for programs up to the D risk level
• Deliver ad-hoc services for Underwriting and external clients as needed
• Contribute to the calibration of pricing parameters in xAct, under the guidance of the Central Pricing Team (CPT)
• Drive performance and profitability analyses in collaboration with the portfolio monitoring team
• Assist in R&D activities to improve SCOR’s view of risks and the pricing and modelling models, in close collaboration with P&C operations (Non-Cat R&D)
• Participate in the development and sharing of knowledge across teams

Business Partner to Underwriting :

Work alongside underwriting colleagues to analyse and price reinsurance contracts in accordance with guidelines and deadlines, identify and communicate key risk loss drivers, and provide advice on pricing issues

• Proactively provide insights for and participate in the planning process
• Regularly participate in client meetings to better understand client / market risks, skilled at giving structural advice and new ideas, drive demand-based product innovation

Influence business decisions by providing pricing recommendations and participating in strategic committees on planning and performance steering for the region

P&M activities, processes and methods improvement :

Participate in the evaluation and enhancement of the P&M processes, workflows, methods, tools (xAct, vendor models, new tools, ...), identifying opportunities for automation, standardisation and streamlining to gain efficiency, focus on the creation of innovative and tailor-made solutions adapted to the change in portfolio mix

P&M Tactical Initiative follow up and enhancement :

Lead the development of new insurance products and manage product consulting services to generate new business

Projects :

Participate in projects, interacting closely with other regions and working with P&C Operations and other stakeholders

Participate in projects, interacting closely with other regions and working with P&C Operations and other stakeholders. Be key contributor to cross-functional, global projects, to shape the risk view philosophy of SCOR

Cross-functional communication :

Participate in the feedback loops with underwriting, claims, reserving, finance, accumulations to ensure accurate and timely information exchange, resolve issues and support business objectives

Compliance and Governance :

Ensure the adequate compliance through internal controls over the pricing and modelling activities in your region. Ensure a robust governance process between P&M, Central Pricing and Underwriting

Guidelines and Frameworks :

Ensure the adequate application of RI & MGA Pricing Guidelines and Best Practice; participate in its development and contribute to the improvement of P&M framework and methodologies

Required experience & competencies

Experience

• Work experience in the financial services industry, preferably in reinsurance / insurance with a focus on analytical and / or actuarial work, for instance the development and structuring of reinsurance products, financial instruments, and pricing tools
• Strong mathematical, modelling, technical background
• Knowledge in P&C lines of business and reinsurance underwriting is an advantage
• At least 10 years’ experience in leading actuarial topics; experience in managing large projects across multiple teams in different locations is considered a plus

Leadership and Expertise Skills

• Providing subject matter expertise, and pushing the boundary to technical innovation, be a reference for the team, advise managers
• Ability to drive engagement via leading topics or projects
• Collaborative, who establishes excellent relationships and brings people closer together
• Deliver tangible results that drives an organisation success
• Proven decision and problem-solving skills
• Strong interpersonal skills with ability to work effectively with team members and a wide range of stakeholders

Personal Competences

• Highly motivated and driven individual who has the maturity to work with a diverse group of personalities
• Strong work ethics and ability to work in a rapidly changing and complex environment
• Strong organizational and time management skills
• Exceptional communication and collaboration skills with effective interpersonal verbal and written skills to communicate with non-technical colleagues
• Exceptional analytical and problem-solving skills
• Excellent business acumen – synthesizes analytical skill with business insight
• Creative initiative-taker, dynamic and driven, who formulates new concepts, challenges the status quo
• Strategic thinker, self-starter who finds creative solutions and brings positive attitude to address challenges
• Willingness to travel in the region

Required Education

• Excellent academic qualifications including a minimum of a bachelor’s degree in mathematics, actuarial science, other scientific discipline (statistics, physics, natural science), economics or finance
• An advanced degree (master’s or PhD) would be a plus
• Insurance qualification or actuarial credentials are strongly preferred