Pricing Actuary

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.

Responsibilities

Job Summary

• Manage quotations for business, and ensure solutions are relevant and commercially attractive to clients while ensuring adherence to local guidelines and satisfying SCOR’s profitability requirements
• Evaluate pricing KPIs for Japan life & Health protection reinsurance opportunities using pricing tools (Prophet, Excel etc.). 
• Support Financial Solution team to provide biometric risk best estimate assumptions as required.
• Monitor the actual results of new business booked in Japan, provide experience analysis and report it to related department as required.
• Produce analysis which supports pricing activity, enhances knowledge and aids product development
• Establish an effective network amongst Japanese life insurance product, pricing and finance actuaries while creating a strong awareness of SGL’s expertise in traditional life insurance, financial solutions and capital management techniques.
• Negotiate with local clients in Japan to finalize pricing quotes and support marketing team to develop treaty documents.
• Communicate with related teams in SCOR Life & Health regional offices (Singapore, Hong Kong etc.).
• Work with local pricing, underwriting, business development teams.
• Support Business Development team to have a presentation or a seminar for clients regarding the latest actuarial topics.

Qualifications

Required experience & competencies

• More than 5 years of relevant actuarial experience in life/non-life insurance, life reinsurance or life consulting work in Japan, preferably with emphasis on business development, product development and/or financial management. 

• Specific knowledge of actuarial topics.

• Commitmment to deliver the outputs on time.

• Ideally, Experience of using some actuarial software (Prophet, Axis etc.).

• Ability to work collaboratively and communicate well with colleagues and management in Japan office and SCOR international network.

• Ability to manage several tasks simultaneously.

Required Education

• Qualified member of any Institute of Actuaries

• Undergraduate degree or equivalent in financial discipline