Longevity Pricing Actuary
Job Description
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.
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