Reserving Methodology & Strategy Lead

As Methodology & Strategy Lead, within the Life and Heath Global Reserving Centre, you will be responsible for all L&H reserving methodology topics across all bases & metrics. You will provide thought leadership within SCOR on L&H actuarial and finance topics, develop approaches & proposals on a range of complex and interesting reserving topics, and provide expertise on developments in standards & regulations. You will ensure consistency of approach across local reserving teams, and provide support on key finance projects.

You will play a key part in determining & implementing SCOR's L&H reserving strategy, in line with SCORs strategic plan. You will also undertake day-to-day management of the global actuarial audit.

As a key part of the role, you will provide support & guidance to other L&H reserving teams on issues of methodology, appropriate techniques.

You will be a key part of the Global Reserving Centre team, with a high degree of responsibility and autonomy.

Reserving Methodology

• Provide thought leadership within SCOR on L&H actuarial and finance topics


• Provide expertise on new developments in reserving methods and regulations - covering all reserving bases (Solvency II, IFRS17, and providing support to local L&H reserving teams on local GAAP/capital as required)


• Develop insightful and novel approaches to complex and interesting global reserving topics


• Supporting the Head of L&H GRC, ensure consistency of approach across local reserving teams


• Provide actuarial support on key Finance and L&H projects as required Day-to-day management of the global actuarial audit


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  Reserving Strategy
  
• Play a key part in determining & implementing SCOR's L&H reserving strategy, in line with SCORs 3-year strategic plan Support delivery of the strategic plan by delivering insights on actuarial topics across L&H


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  Support & Guidance
  
  Provide direct support and guidance to all SCOR's L&H Reserving teams globally. This will include:
  
• Developing a deep understanding of reserving methodology in all markets


• Suggesting improvements to and consulting on possible approaches, expert judgements, providing expertise, sharing examples where relevant


• Communicate information to L&H reserving teams about changes to guidance on methodology. Share best practice across markets. Supporting L&H Reserving colleagues looking to develop their knowledge on changes to actuarial standards & regulations - especially SII and IFRS17


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  Relationships
  
• Liaise closely with the global actuarial auditors, acting as the key point of contact within L&H Reserving


• Liaise closely with colleagues in the Group Chief Actuary & Risk teams on all relevant topics


• Work directly with colleagues across all the market L&H reserving teams globally


• Work closely with other Finance teams, particularly the Group Chief Accounting Officer team on audit and methodology topics, and the central Technical Financial Reporting teams


• Liaise with Pricing & R&D to ensure alignment on methodology topics


• As a leader in the L&H reserving team, be a role model for colleagues in the wider team, and support the growth and development of talent across the team
  
  Qualified Actuary (FIA, FSA or equivalent), with significant PQE (12+ years, as a guideline).


• Deep knowledge of either IFRS17 or Solvency II standards, and significant experience interpreting and implementing these, gained in a Life & Health (re)insurance or consultancy context.


• Knowledge of local reserving or capital standards/frameworks - e.g. USGAAP or RBC/ICS in APAC - would be advantageous but not required.


• Significant experience interacting with external auditors and/or regulators. May have held a regulated role.


• Thought leader on topics of actuarial methodology - for example experience participating in industry working groups. Experience leading projects, workstreams and/or teams, and collaborating with senior stakeholders.


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  Personal Competences:
  
• Is able to develop and defend robust actuarial arguments, enjoys technical methodology work & problem solving


• Highly pragmatic, flexible & agile


• Open to change and challenge, can apply judgement


• Highly developed persuading & influencing skills


• Excellent verbal communication skills - able to explain technical concepts very clearly


• Excellent written communication skills - summarising topics in a clear, concise, readable way


• Enjoys working at pace, in a collaborative and open environment with global teams


• Expert at stakeholder management at all levels


• Proactive, takes strong ownership, committed to delivery


• Creates a supportive environment when guiding and supporting other teams, and when working with colleagues in the wider business Interest in career and skill development - of self and others


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  Required Education
  
• Qualified Actuary (FIA, FSA or equivalent)
  
  SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.
At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.