Pricing Actuary, Longevity

SCOR; City Of London; On-site; GBP 90,000 - 130,000; Full time

Job summary

SCOR is a leading global reinsurer with a London base. The Global Longevity Pricing team seeks a qualified actuary to price longevity tenders, develop new propositions, and coordinate pricing with SCOR Global Life and Group functions.

You will work across markets to deliver profitable de-risking solutions and support client relationships. Key activities include leading quote tenders, maintaining pricing tools, researching pricing bases, and collaborating with Paris and Cologne teams to secure

Qualifications

• Qualified Actuary with longevity pricing experience.
• Strong data analysis and mortality modelling knowledge.
• Excellent communication with clients and stakeholders.
• Experience with pension risk transfer and de-risking.

Responsibilities

• Price longevity tenders and propose pricing mechanisms.
• Develop new longevity pricing propositions.
• Coordinate approvals with global Life and Group functions.
• Advance pricing tools and processes.
• Manage client relationships and deliver pricing insights.
• Support research and innovation in pricing basis.

Skills

Longevity pricing

Actuary

Data analysis

Stakeholder communication

Quantitative analysis

Education

Qualified Actuary

Degree in a quantitative field

Tools

R

Excel

Job description

SCOR is the world's fourth-largest reinsurer. As a Tier 1 global reinsurance company, our Life and P&C business lines provide clients across the globe with a comprehensive range of reinsurance solutions. Independent rating agencies consistently rank SCOR among the most financially secure reinsurers worldwide.
The Global Longevity team at SCOR is a recognised leader in the longevity reinsurance market. Over the past decade, we've built deep expertise in the UK bulk annuity de-risking market, supporting insurers and pension schemes in meeting their long-term commitments to annuitants and pensioners. We've also developed strong capabilities in the individual annuity space, particularly through the use of medical underwriting. Our technical expertise enables us to price longevity risk across a wide range of health conditions at retirement.
Our success has extended into Europe and North America in recent years, and we remain committed to expanding our global footprint. To support this gro

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.

This is a position within SCOR's Global Longevity Pricing team, based in London, reporting directly to the Head of Pricing.
The role offers broad exposure across global Longevity 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
• Supporting client relationship management

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.

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.

New product and proposition development

Support the technical development of new products/ propositions.

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.

Contribute to the promotion of the team's technical expertise internally and externally, and support knowledge sharing across the business.

Required experience & competencies

• Qualified Actuary with relevant experience in longevity pricing, experience analysis, mortality modelling, or longevity research.
• Strong programming skills in R, with the ability to develop, maintain, and validate analytical models and tools.
• Good understanding of pension risk transfer and pension de-risking solutions, together with awareness of key market developments across major global markets.
• Good understanding of pension scheme data, benefit structures, and common scheme rules.
• Proven experience in manipulating, analysing, and interpreting large and complex datasets to support business decision-making.
• Experience of working with clients and internal stakeholders, with the ability to communicate technical concepts clearly to both technical and non-technical audiences.
• Strong analytical, problem-solving, and judgement skills, with a high level of attention to detail.

Ability to manage multiple priorities and deliver high-quality work within demanding timelines.

Strong technical and analytical skills, with a high level of accuracy and attention to detail.

Strong communication and interpersonal skills, with the ability to work effectively across functions.

Good planning, organisational and workload management skills, with the ability to contribute to and support project delivery.

Ability to combine analytical insight, sound judgement and commercial awareness to support pricing decisions and recommendations.

Self-motivated, proactive and able to work independently when required.

Collaborative team player with a positive and inclusive approach.

Customer-focused, with the confidence and communication skills to participate effectively in client interactions and meetings.

Flexible and adaptable, with the ability to respond effectively to changing priorities and business needs.

Required Education

Qualified Actuary.

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