Actuarial Pricing Manager

The role covers all aspects of:

• Leading the team in performing P&C treaty/MGA portfolio pricing

• Leading the development of pricing methods and tools

• Leading the development of market benchmarks

• Encouraging team engagement and fostering opportunities for team members to expand their market knowledge and deal-specific information through close collaboration with underwriters

• Excelled at identifying key drivers impacting the portfolio performance to support the underwriting in the decision-making and drive company growth in the region

• Regularly providing technical guidance and training of junior staff and interns

• Regularly leading and developing a team of pricing actuaries and/or cat modelers

• Managerial capabilities with experience in coaching and development of team members

• Ability to drive engagement through delegation and empowerment

• Collaborative, who establishes excellent relationships and brings people closer together

• Ability to motivate and guide their team towards achieving their goals

• Proven decision and problem-solving skills

  Strong interpersonal skills with ability to work effectively with team members and a wide range of stakeholders.

• Highly motivated, driven, and mature, with the ability to work effectively with diverse personalities.

• Strong work ethics and ability to work in a rapidly changing and complex environment

• Strong organizational and time management skills required

• Exceptional communication and collaboration skills with effective interpersonal verbal and written skills to communicate with non-technical colleagues 

• Exceptional analytical and problem-solving skills

• Excellent business acumen – synthesizes analytical skill with business insight

• Creative initiative-taker, dynamic and driven, who formulates new concepts, challenges the status quo

• Strategic thinker, self-starter who finds creative solutions and brings positive attitude to address challenges

• Willingness to travel in the region

You may not meet every requirement listed in the job description. If you bring broad expertise and alignment to the role and resonate with our core values, we encourage you to apply.

Relocation assistance within the U.S. is available for this position. Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

Hybrid Work Policy:

SCOR is committed to an “in-office” culture where people can collaborate, exchange ideas, and establish stronger working relationships while ll providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.

At SCOR, we CARE about clients, people, and societies, and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical, financial, and emotional well-being of the people who make our company successful – you.

Benefits We Offer
•        Medical, vision, and dental coverage
•        401(k) Plan with a competitive match
•        Company-funded Defined Contribution Retirement Program
•        Life and AD&D insurance
•        Long- and Short-Term Disability
•        Flexible Parental Leave
•        Unlimited Sick Days
•        Volunteer Time
•        Summer Fridays
•        Learning & Development Resources
•        Personal Wellness Tools and Rewards
•        Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios
•        And More!


Pay Range for roles performed in CHI: $194,000-$262,500 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.
 

Drive Transactional Pricing: As a people leader, the individual in this role will mentor team members, foster a positive and inclusive work environment, and drive the team towards achieving their goals by performing the following tasks with a high level of expertise. 

• Provide risk assessment of contracts and offer technical support to Underwriting teams through transactional pricing and modelling and provide peer review for programs up to the E risk level Deliver ad-hoc services for Underwriting and external clients as needed. 

• Contribute to the calibration of pricing parameters in xACT, under the guidance of the Central Pricing Team (CPT). 

• Drive performance and profitability analyses in collaboration with the portfolio monitoring team. 

• Assist in R&D activities to improve SCOR’s view of risks and the pricing and modelling models, in close collaboration with P&C operations (Non-Cat R&D). 

• Participate in the development and sharing of knowledge across teams.

Team Management: Manage and develop the team of pricing actuaries in the region with focus on building up a solid talent pipeline through training and career development through management, expertise and multi-competency paths.

Business Partner to Underwriting: Work alongside underwriting colleagues to analyze and price reinsurance contracts in accordance with guidelines and deadlines, identify and communicate key risk loss drivers, and provide advice on pricing issues. Proactively provide insights for and participate in the planning process. Regularly participate in client meetings to better understand client/market risks, skilled at giving structural advice and new ideas, drive demand-based product innovation.  

Influence decision-making: influence business decisions by providing pricing recommendations and participating in strategic committees on planning and performance steering for the region

P&M activities, processes and methods improvement: participate in the evaluation and enhancement of the P&M processes, workflows, methods, tools (xACT, vendor models, new tools, ...), identifying opportunities for automation, standardization and streamlining to gain efficiency, focus on the creation of innovative and tailor-made solutions adapted to the change in portfolio mix.

P&M Tactical initiative follow up and enhancement: continue, promote and enhance the various P&C P&M initiatives already launched about the Value Proposition, Process Efficiency, Target Operating Model, Location Strategy and Talent Retention with a strong objective to better share resources within the region and between other regions and to optimize the tasks allocation.

Projects: participate in projects, interacting closely with other regions and working with P&C Operations and other stakeholders.

Cross-functional communication: Participate in the feedback loops with underwriting, claims, reserving, finance, accumulations to ensure accurate and timely information exchange, resolve issues and support business objectives

Compliance and Governance: Ensure adequate compliance through internal controls over the pricing and modelling activities in your region. Ensure a robust governance process between P&M, Central Pricing and UW.

Guidelines and Frameworks: Ensure the adequate application of RI & MGA Pricing Guidelines and Best Practice; participate in its development and contribute to the improvement of P&M framework and methodologies