Associate Actuary, Inforce Optimization

International Association of Insurance Professionals (IAIP); Charlotte, Northern (NC, KY); Hybrid; USD 110,000 - 134,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Paid holidays and PTO

Job summary

SCOR in North Carolina seeks an actuarial professional to validate, calibrate, and project experience used to optimize inforce treaties. You will support the Inforce Management VP with analyses, pricing reviews, and model updates within a collaborative department.

Requirements include 3–5 years of life insurance actuarial experience, a math/actuarial degree, and ASA/FSA-aspirant status. Hybrid work, relocation assistance in the U.S., and strong communication skills are offered.

Qualifications

• BA/BS degree or equivalent in mathematics or actuarial science or related field
• ASA/FSA designation preferred; ASA level encouraged to participate in Actuarial Student Program
• 3–5 years of life insurance actuarial experience (reinsurance experience a plus)
• Strong problem-solving and analytical skills
• Proficient in MS Office, SQL, VBA; experience with actuarial software

Responsibilities

• Provide actuarial support for actions to optimize inforce treaties
• Review treaty terms, assumptions, and pricing files
• Perform premium validations to ensure correct premiums
• Update models that inform inforce analytics
• Communicate project progress and next steps
• Identify and report actuarial risks for dashboards
• Analyze courses of action on underperforming business
• Assist team with ad hoc requests
• Participate in Actuarial Student Rotation program
• Other duties as required

Job description

Responsible for validating, calibrating, and projecting experience used by the VP, Inforce Management to recommend specific actions to senior management to optimize underperforming treaties. The Inforce Optimization Department is a dynamic, collaborate, evolving department that provides opportunities to work on joint actions and independent work assignments.

Responsibilities

• Provide timely and accurate actuarial support for actions to be taken by SCOR to optimize its inforce block
• Review treaty terms, assumptions, and pricing files
• Perform premium validations to ensure client companies are paying correct premiums
• Update models that inform inforce analytics
• Clearly communicate project progress and impediments and recommend next steps
• Identify and report actuarial risks as required for the group and legal entity risk dashboards
• Analyze various courses of action on underperforming business that management may consider in selecting the optimal approach
• Assist team in completing ad hoc requests
• Participate in the Actuarial Student Rotation program
• Other duties as required and based on experience level

• ASA/FSA designation preferred. ASA level encouraged to participate in the Actuarial Student Program until FSA is obtained.
• At least 3-5 years of life insurance actuarial experience (reinsurance experience a plus)
• BA/BS degree or equivalent in mathematics or actuarial science or related field
• Demonstrated analytical skills with proven track record of strong problem-solving
• Prior Actuarial software experience with demonstrated ability to understand complex models
• High level of computer literacy: strong skills in MS Office, particularly Excel, and proficient in SQL and VBA.
• Highly motivated, curious self-starter
• Ability to work independently and as part of a team
• Ability to understand and consider broad picture while researching details
• Understand pricing, valuation methods, and financial results
• Strong interpersonal and communication skills
• Ability to identify and implement departmental processes and controls and ensure appropriate documentation

Relocation assistance within the U.S. is available for this position.

Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

Hybrid Work Policy: SCOR is committed to an "in office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.

Pay Range for roles performed in NC: $109,500-$134,000 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.