You will support the activity of the Central P&C Reserving Lead on their key mandates including: quarterly closing activities coordination, quarterly performance analysis for Finance and P&C top management, feedback loop with P&C stakeholders, simplification and automation of Reserving processes, reserving and resilience strategy.
As part of SCOR’s Reserving department, the team manages and oversees the worldwide P&C Reserving activities in all its dimensions (reserving strategy, quarterly reserving performance, regulation and compliance, feedback loop and business performance, modelling, data and tooling) as well as contributes to trans functional activities.
The team works very closely with the other finance departments (Finance and Reporting, Liquidity, Investors relations), Group Actuarial as well as P&C Business functions (Pricing and Modelling, Claims, Underwriting
ResponsibilitiesUnder the operational management of the Central of P&C Reserving Lead, you will contribute to and support the following activities:
Support the quarterly reserving closing and performance analysis (Actual versus plan, Actual versus Expected, analysis of change) in coordination with local Reserving
Support regulatory compliance activities at Group level (Regulatory bodies, auditors) and well as comitology and reporting with/to senior management.
Support the design and monitoring of the P&C feedback loop notably on the alignment between P&C functions (Pricing and Modelling, Underwriting, Underwriting management, Middle office) and business performance steering/monitoring activities.
Support the P&C Reserving strategy consistently with group’s strategic objectives and priorities, contribute to the short and medium-term reserving options from resilience management and data/actuarial/regulatory perspectives.
Be instrumental in the P&C Reserving community activity coordination (Knowledge, training, transversal projects, modelling)
Support the transversal data and modelling automation/simplification/ modernization initiatives.
Participate to strategic or transversal projects.
Establish strong relationships within the CFO office departments such as P&C performance and Planning, Investors relationship, Technical Closing) and with Group Actuarial team and the P&C Business Unit teams (Pricing and Modelling, Underwriting, claims).
Under the operational management of the Central of P&C Reserving Lead, you will contribute to and support the following activities:
Support the quarterly reserving closing and performance analysis (Actual versus plan, Actual versus Expected, analysis of change) in coordination with local Reserving
Support regulatory compliance activities at Group level (Regulatory bodies, auditors) and well as comitology and reporting with/to senior management.
Support the design and monitoring of the P&C feedback loop notably on the alignment between P&C functions (Pricing and Modelling, Underwriting, Underwriting management, Middle office) and business performance steering/monitoring activities.
Support the P&C Reserving strategy consistently with group’s strategic objectives and priorities, contribute to the short and medium-term reserving options from resilience management and data/actuarial/regulatory perspectives.
Be instrumental in the P&C Reserving community activity coordination (Knowledge, training, transversal projects, modelling)
Support the transversal data and modelling automation/simplification/ modernization initiatives.
Participate to strategic or transversal projects.
Establish strong relationships within the CFO office departments such as P&C performance and Planning, Investors relationship, Technical Closing) and with Group Actuarial team and the P&C Business Unit teams (Pricing and Modelling, Underwriting, claims
- 5 to 7 years as an actuary with a P&C background preferably in a (re) insurance area
- Good level of regulatory finance and IFRS 17 framework
- Reserving experience is not essential but a definite advantage.
- A good knowledge of (re) insurance P&L and financial statements (specially under IFRS 17) is a plus
- IT Development experience required (Python, VBA). Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Power BI). Appetence for AI. A user level knowledge of ResQ is a plus.
Personal Competencies:
- Organisational skills, rigorous, ability to meet deadlines
- Proactive, autonomous
- Results driven and passion for quality
- Excellent interpersonal skills
- Very strong communication skills, both verbal and written, excellent level of English
- Flexible due to a challenging and demanding environment.
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.
