Reserving Actuary

Scor; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

SCOR is seeking an ambitious actuary in London to join the Reserving team, delivering quarterly reserve analyses for multiple lines and driving reserving projects across UK and European entities.

The role requires FIA fellowship (7+ years in a Lloyd's/London Market reserving environment), strong GAAP/Solvency II/IFRS17 knowledge, and proficiency with ResQ and Excel. Sponsorship is not available; UK work rights required.

Qualifications

• Fellow FIA or equivalent with 7+ years in Lloyd's/London Market reserving
• Strong knowledge of GAAP, Solvency II and Solvency UK
• IFRS17 knowledge
• Regulatory awareness and impact on business
• Proficient in actuarial software, databases and reporting tools including ResQ
• Experience leading projects and mentoring juniors

Responsibilities

• Deliver quarterly reserves analysis for multiple lines of business
• Deliver reserving projects and automate processes
• Prepare governance reporting for SCOR UK and SCOR Europe
• Lead model improvements and dashboard development
• Contribute to UK and European actuarial reports
• Collaborate with claims, finance, underwriting teams to develop tools
• Respond to auditor queries and support audit defence
• Enhance management information for PRA and ACPR
• Share quarterly movement trends with the business
• Mentor junior team members

Skills

Fellow FIA (FCAS/FIAA) knowledge

GAAP knowledge

Solvency II knowledge

IFRS17 knowledge

Strong analytical skills

Education

Fellow of the Institute and Faculty of Actuaries

Tools

ResQ

Excel

SQL

Python

VBA

Job description

The jobholder will be an ambitious actuary who wants towork as part of a Reserving team, providing a wide range of actuarial reserving services for non-Lloyd's entities.A key part of the role will be working on quarterly reserving, assisting on a wide variety of Reserving Projects.

Responsibilities

Some of the key areas of responsibility are as follows:

Deliver the analysis of the technical reserves on a quarterly basis for multiple lines of business

Deliver reserving projects, such as automation of current processes and modelling of specific lines of business

Deliver reporting for SCOR UK and SCOR Europe boards and other governance bodies as required

Lead improvements of certain models, visualisation tools and dashboards

Annual review of the UK portfolio and contribute to the actuarial report for the various UK and European legal entities

Carry out regular or ad hoc studies for specific segments

Work closely with claims team, finance team, underwriters and underwriting management and other members of the actuarial team to develop, review and maintain appropriate tools and methodologies

Communicate with external Actuaries, Auditors and external regulators when required.

Be able to respond to auditor queries and undertake audit defence to UK audit standards

Help enhance management information and reporting for the PRA and ACPR

Communicate key movement/trends/events to the business on a quarterly basis

Mentor, grow and develop junior members of the team

Qualifications

Post qualified i.e. Fellow of the Institute and Faculty of Actuaries FIA (or equivalent being FCAS, FIAA)with at least 7 years'experience within a Lloyd's/London Market reserving role

Established, strong knowledge of GAAP, Solvency II and Solvency UK.

IFRS17 knowledge

Knowledge of regulatory requirements and an understanding of how they impact on the business

Strong knowledge and delivery professional standard requirements

Strong understanding of P&C (re)insurance and reserving practices and products

Significant experience in understanding, explaining and analysing financial impacts and drivers of change

Experience managing projects and effectively representing your department

Demonstrated ability to identify and implement departmental processes and controls and ensure that these are appropriately documents

Proficient in actuarial software, database and reporting tools including ResQ

Demonstrated ability to understand complex actuarial models

Advanced proficiency in Microsoft Office Suite (Excel, Word, Powerpoint)

Desired ability to code in VBA, SQL, Python and use Gen AI

A team player and enjoys working at pace, in a collaborative environment with global teams (actuarial, risk, claims and underwriting at a minimum)

Strong organisational and planning skills with ability to meet multiple competing deliverables and manage projects

Flexible and agile

Able to think independently with an analytical mindset and excellent analytical skills.

Acts with integrity and can make a principled stand where required.

Strong technical skill set, passionate about innovation and proving processes

Excellent communication and interpersonal skills, verbal and written that enable the candidate to communicate effectively with colleagues (especially underwriters), brokers and clients on a cross-border basis.

Proactive, takes strong ownership and committed to delivery

Interested in career and skill development

Sponsorship is not available for this position. Applicants must have the legal right to work in the UK at the time of application and for the duration of their employment.

• 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.