Actuary - Pricing

The Actuary - Pricing is responsible for supporting the timely completion of the pricing process according to SCOR methods and key controls for all assigned deals.  Key transactional processes include assumption development, actuarial model development, model runs and sensitivities, the generation of thorough documentation, performing peer reviews, and developing good working relationships with the business deal team (Client Solutions, Underwriting, and Experience Analysis).

• Assess and develop pricing assumptions focused on mortality, persistency, sales mix, and net amount at risk.
• Consider potential risks inherent in proposed transactions and assumptions and help determine risk mitigation strategies.
• Develop actuarial models, including liability population cells, data tables, and other structures essential for the proper pricing of life reinsurance.
• Generate model runs and sensitivities; verify the accuracy and reasonability of metrics; analyze and quantify the impact of changes in assumptions, methodologies, reserve requirements, product features, premium structures, etc.
• Create clear assumption and reasoning documentation for review with deal owners and/or marketing team.
• Ensure pricing work follows the SCOR General Life and Health Underwriting and Pricing Guidelines, meets accuracy requirements and profitability goals, and that ICS processes and controls are followed and documented as necessary.
• Complete deal close out activities for accepted deals including communication and hand-off to valuation/modeling teams, SQP, Salesforce, and CART updates.
• Drive continuous improvement in the pricing area by sharing thought leadership and leading/participating in project related efforts on technical topics related to pricing standards, processes, methodologies, and assumptions.
• Establish good working relationships with marketing actuaries.
• Own at least one area of pricing expertise; serve as team subject matter expert.
• May perform other duties as required.