AVP, Actuary – US Pricing

This role will focus on projects related to setting best estimate pricing assumptions, enhancing processes and tools, and researching mortality and changes in the life insurance industry that impact pricing.

To succeed in this role, both strong technical actuarial skills as well as strong soft skills, including written and verbal communication, will be necessary.

Collaborating across departments will be key in this role, including working closely with Global Pricing, Experience Analysis, Underwriting, and the Global Knowledge Team.

Reliably delivering and sharing results from the projects will be important to support the rest of the US Pricing team as they deliver quotes to clients.

Through the research, development of assumptions, and completion of key pricing projects, an individual in this role will draw on their past experience while expanding their knowledge and expertise to contribute to key company initiatives.

This position will also be responsible for sharing thought leadership within and outside of SCOR through publications, presentations, and during client meetings.

Key duties and responsibilities

• Drive the continuous improvement of the pricing standards and key pricing assumptions by leading and participating in research analysis projects and by sharing thought leadership.
• Using innovative and best-in class approaches, assess and update key pricing assumptions as new experience, studies / research, data, or underwriting practices emerge.
• Document and test recommended assumption updates while collaborating with other departments, including Experience Analysis and Finance, to ensure alignment of key assumptions across the US.
• Work closely with the Global Pricing team to approve recommended changes to key assumptions.
• Research emerging products, regulatory developments, emerging underwriting practices, and recent industry issues. Develop guidance and recommendations related to the impact of these items on pricing practices, models, and assumptions.
• Participate in the evaluation of and propose pricing approaches for new products and product lines.
• Contribute to SCOR’s client newsletters and industry publications, attend and participate at targeted industry conferences, and serve on relevant industry committees to share thought leadership for SCOR.
• Support the Client Solutions and other departments to find solutions to client requests and needs.
• Assist on various projects involving Growth & Development initiatives as they arise.

Required experience & competencies

• 7-10 years of experience in a relevant role or industry experience.
• Experience pricing life insurance products including valuing life insurance liabilities under US Statutory, GAAP, and / or International Accounting Standards (IFRS17).
• Up-to-date knowledge of life insurance laws, regulations, insurance products, and emerging underwriting practices.
• Skilled in analyzing experience studies using statistical techniques and predictive models to develop mortality and lapse assumptions.
• Excellent verbal and written communication skills.
• Strong mathematical analysis skills and problem-solving ability.
• Experience using statistical programming languages (i.e., R or Python).
• Experience with actuarial modeling software, GGY AXIS or Prophet preferred.
• Strong proficiency using Microsoft Office Products and demonstrated ability to learn new software / tools.
• Basic knowledge and awareness of the Agile / SCRUM methodology.
• Highly motivated / self-starter.
• Must be able to work independently as well as part of a team with readiness to travel on occasion.
• Skilled at collaborating with others across offices and geographical locations.
• Regular attendance and ability to work extended hours, if necessary, to meet deadlines.

Required Education

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Data Analytics, Finance, Economics, or related areas
• Fellow of the Society of Actuaries with current CPD compliance
2 days ago