Senior Pricing Actuary - Longevity

City Of London, England, United Kingdom

1/9/2025

SCOR's Global Longevity team is already a leader in the longevity reinsurance market. We have developed expertise in the UK bulk de-risking market over the past decade providing longevity protection to insurers and pension schemes to help them keep their financial promises to annuitants and pensioners. We have also developed expertise in the individual annuity market with a focus on the use of medical underwriting and our technical knowhow enables us to price longevity for a range of different health conditions at retirement. Our success has not been limited to the UK market as we have also played a pioneering role in international territories in Europe and North America. SCOR is committed to continue to expand its footprint in the UK and international markets and is expanding its Longevity team to support that. In joining our team, you will be expected to help us grow from this strong foundation and realize the opportunities in this growing market segment.

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.

This is a senior role within the Global Longevity Pricing team, reporting directly to the Head of Pricing.
This role has a wide range of exposures (in UK and international markets) including technical pricing for Longevity tenders, new product proposition development, new business approvals from SCOR Global Life and Group functions, new deal execution, pricing tool and process development, research projects of demographic assumption derivation and client relationship management. The responsibilities of the role are split roughly 80%:20% between pricing and research.

Some of the key areas of responsibility are as follows;

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.

New product and proposition development

• Lead the technical development of new products/ propositions.

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.

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.
• Promote team's technical expertise, internally and externally, help develop team member and educate internal non specialists as necessary.
  
  
  

We are idealy looking for someone who has the following skills and experience:

Essential:

• Experienced qualified Actuary with multiple years of longevity pricing or research experience (in particular basis derivation).

Desirable:

• Understanding of pension de-risking offerings in the UK and non-UK markets.
• Understanding of pension scheme data and typical scheme rules.
• Client management experience.
• R experience.
• Experience of manipulating and analysing large datasets.

Personal Competencies:

• Excellent technical skills and attention to detail.
• Excellent communication and internal stakeholder management skills.
• Excellent planning and work management skills and experience of leading projects.
• Excellent ability to use analytical skills combined with sound judgement and commercial awareness to recommend justifiable and practical pricing advice.
• Self-motivated.
• Team player.
• Customer focussed
• Flexible and adaptable

Required Education

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

If this sounds like the right opportunity for you then please submit you CV to us via this link.

Desired Skills and Experience

Actuary, Actuarial, Longevity , Risk, Life Insurance , Life reinsurance , Analytical