Actuarial Analyst

SCOR; Greater London; On-site; GBP 45,000 - 75,000; Full time

Job summary

SCOR is seeking an Actuarial Analyst to join its Analytics Team. You will work on data analytics, programming, machine learning and research and development, with opportunities to lead high-profile projects and collaborate across SCOR and with the global team.

You will help deliver the strategic plan by developing predictive models, handling large datasets, contributing to mortality and morbidity research, and supporting pricing and risk insights for clients.

Qualifications

• Experience analyzing large datasets and using data visualization tools.
• Good knowledge of Excel and Access.
• Proficiency in Python and/or R; willingness to learn.
• Interest in data science and machine learning concepts.
• Some actuarial training or exams pursued.
• Pricing experience with Prophet and SAS.
• Excellent analytical and communication skills.

Responsibilities

• Developing and enhancing predictive models.
• Large data handling and exploration.
• Research and development activities in mortality and morbidity trends.
• Pricing and risk insights for clients.
• Collaborate with internal stakeholders and clients; communicate findings.
• Support data strategy and build internal databases.

Skills

Data analysis

Data visualization

Python

R

Machine learning

Excel

Access

Education

Undergraduate Degree in Actuarial Science/Mathematics/Data Science

Tools

Prophet

SAS

Job description

Joining as an Actuarial Analyst, you’ll be part of a pioneering Analytics Team dedicated to enhancing processes and systems. This role offers exposure to extensive data projects encompassing data analytics, programming, machine learning and Research and Development, giving you a chance to take a senior role and lead several high profile projects. Collaborating across SCOR, you’ll contribute to acquiring new business and fostering market initiatives for profitability. Additionally, you’ll have the chance to collaborate with the global SCOR team, expanding your professional network and experience.

Joining in this role you will help support the Analytics team deliver its strategic plan, where we aim to ‘Intentionally improving outcomes for customers, for clients, the market and SCOR’. You will help us deliver on all three of our strategic pillars:

Understanding distribution – helping to reduce misrepresentation across the market and improve the quality of distribution through working with our clients.

Data services – improving fairness and accuracy of risk pricing and maximising the impact of our data capabilities.

Bring in new customer – expanding the protection net and helping more people get protected.

Utilising new data technique and technology will underpin our ability to deliver our strategic plan and this role is key to helping us achieve this.

Responsibilities

Developing and enhancing predictive models

Building new, and enhancing existing, predictive models will be a core part of the role. This could include:

Cleaning and analysing large data sets to prepare data to build new predictive models.

Building, training and testing new models or techniques to find most appropriate model for the required task.

Ensure results are sensible and explainable to non-experts.

Large data handling and exploration

Working and managing large underwriting data sets to help support innovation around the future of underwriting.

Support the development of large internal databases at the centre of the firm’s long-term data strategy.

Analyse internal data to contribute to MI, profitability analysis, client management and research.

Learn, develop and deploy the necessary techniques and tools required to analyse large datasets for commercial insight.

Research and development

Contributing significantly to SCOR’s Research and Development activities, including working on mortality and morbidity trends and base tables.

Identifying and find new data sources that can deliver value to our clients, customer or internally.

Identify appropriate external research and derive analyses from external data sets.

Produce accurate documentation of research work carried out and help write reports and presentations to communicate findings both internally and externally.

Pricing and risk control

Feedback data project results into internal risk control, internal pricing basis or providing commercial insights to our clients.

Support the development of large internal databases at the centre of the firm’s long term data strategy.

Learn, develop and deploy the necessary techniques and tools required to analyse large datasets for commercial insight.

Working and collaborating with internal stakeholders and our clients to ensure all stakeholders are kept informed of progress.

Client and stakeholder management

• Sharing results, insights and learnings across the business.

Qualifications

Experience of working both within a team and as a self-motivated individual

Experience in handling and analysing large datasets and data visualisation techniques and software.

Good working knowledge of Microsoft packages (particularly Excel/Access)

Good knowledge or experience of coding Python and/or R or the desire to learn coding.

Interest or knowledge of data science and machine learning technique

Some Actuarial training (actuarial trainees or those who have given up exams will both be considered)

Pricing experience with Knowledge of PROPHET and SAS

Excellent analytical skills

Self-motivation

Excellent communication and interpersonal skills

Required Education

Undergraduate Degree in Actuarial Science, Mathematics, Data Science or other numerical degree, or equivalent qualifications

• Locations Level 6, London, United Kingdom, EC2N 4BQ, GB

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.