Trainee Actuary - Corporate Actuarial

SCOR; London; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading global reinsurer is seeking a Trainee Actuary for a 23-month internship in their UK L&H Reserving department. This role is ideal for recent graduates eager to progress in their actuarial exams while gaining hands-on experience in actuarial services. The successful candidate will collaborate with top professionals, support quarterly reserving processes, and contribute to management reporting. Strong analytical skills and proficiency in tools like Excel and Python are essential.

Qualifications

• No specific experience required; recent graduates are eligible.
• Progress in actuarial exams or exemptions gained.

Responsibilities

• Assist in quarterly valuation and reporting for UK sourced business.
• Prepare management reports explaining quarterly results and variances.
• Identify and implement process improvements for efficiency.

Skills

Teamwork

Self-motivation

Communication

Analytical

Education

Recent graduate

Tools

Microsoft Excel

Python

R

Tableau

Prophet

MS Access

Job description

Join to apply for the Trainee Actuary - Corporate Actuarial role at SCOR.

This is a 23-month actuarial trainee contract for a recent graduate, based in the UK L&H Reserving department. The role involves supporting the quarterly reserving process, analysis, and management reporting.

As a leading global reinsurer, SCOR offers a diversified range of reinsurance and insurance solutions to manage risk. Using 'The Art & Science of Risk,' SCOR leverages industry expertise and innovative financial solutions to serve clients and contribute to societal resilience worldwide.

Working at SCOR means collaborating with top professionals including actuaries, data scientists, underwriters, and engineers to address societal challenges.

Our culture, 'The SCOR Way,' is built on five core values: caring for clients, people, and societies; integrity; courage; open-mindedness; and collaboration. We value diversity and inclusion, supporting all employees, including those with disabilities.

Job Description

This 23-month contract is aimed at recent graduates and includes full support for actuarial exams. The successful candidate will become a member of the UK actuarial profession. Key responsibilities include supporting the UK Reserving team’s processes and delivering quality actuarial services to stakeholders.

Responsibilities

1. Assist in quarterly valuation and reporting for UK sourced business, including calculations on PROPHET and ensuring result consistency.
2. Prepare management reports explaining quarterly results and variances.
3. Support tasks such as setting up new treaties on PROPHET (protection and longevity).
4. Identify and implement process improvements for efficiency and accuracy.
5. Maintain processes, controls, and documentation in line with ERM principles and regulatory standards.
6. Engage with SCOR’s actuarial community and progress in actuarial exams. Build relationships across life & health functions.

Required experience & competencies

• No specific experience required; recent graduates are eligible. Prior insurance industry experience is a plus.
• Progress in actuarial exams or exemptions gained.
• Proficiency in Microsoft Excel; familiarity with data science tools (R, Python, Tableau) is advantageous.
• Experience with Prophet or similar software.
• Experience with MS Access and coding in Python or R.
• Strong technical skills, ability to meet deadlines, and deliver accurate work.
• Teamwork, self-motivation, proactive attitude, and excellent communication skills.

Soft skills

Positive, friendly, proactive, detail-oriented, analytical, eager to learn, and capable of working independently and in teams.

Seniority level

• Entry level

Employment type

• Internship

Job function

• General Business