Longevity Pricing Actuary

The role offers broad exposure across both UK and international markets, with responsibilities spanning:

• Technical pricing of longevity tenders

• Development of new product propositions

• Coordination of new business approvals with SCOR Global Life and Group functions

• Execution of new deals

• Enhancement of pricing tools and processes

• Research into demographic assumption derivation

• Client relationship management

The role is approximately split 80% pricing / 20% research,

The successful candidate will join as a member of the Global Longevity Pricing team, contributing to all aspects of understanding, pricing, and managing longevity reinsurance risks. This role plays a critical part in enhancing SCOR Global Life’s ability to write profitable new business.

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, to help develop team members and educate internal non specialists as necessary.

Required experience & competencies

• Qualified Actuary with several years of longevity pricing or research experience (in particular basis derivation and/or pricing methodology development).

• Understanding of pension de-risking offerings in the UK and global markets.

• Understanding of pension scheme data and typical scheme rules.

• Client management experience.

• R experience.

• Experience of manipulating and analysing large datasets.

Personal Competencies:

Essential:

• 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 focused – able to communicate effectively in client meetings.

• Flexible and adaptable.

Required Education

• Qualified Actuary.

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