AVP Actuary

23 hours ago


New York, New York, United States SCOR Full time
About SCOR

SCOR is a leading global reinsurer that provides innovative solutions and services to control and manage risk. With a presence in over 160 countries, our specialized teams work closely with clients to deliver cutting-edge financial solutions and analytics tools.

Job Description

The AVP Risk Manager is a key role within our organization, responsible for capital analysis, related capital projections, and affiliate retrocession analysis. This position requires a strong analytical and statistical background, with the ability to critically assess assumptions and risks underlying business plans and transactions.

Key Responsibilities
  • Maintain and enhance risk measurement models, inclusive of reporting, in coordination with local, P&C, and Group stakeholders.
  • Calculate and review capital requirements, develop, maintain, and enhance associated models.
  • Coordinate with Group modeling teams to calculate and report legal entities' economic capital.
  • Lead the performance and documentation of ORSA processes.
  • Manage related risk analyses, including capital adequacy testing, scenario/stress testing, and qualitative assessments.
  • Contribute to the development of extreme deterministic scenarios in coordination with Group Risk Management teams and transverse functions.
  • Participate in validation of group internal model inputs and outputs.
  • Coordinate analysis and pricing of affiliate retrocession agreements.
  • Participate in the identification, assessment, and monitoring of emerging risks and trends.
  • Contribute to risk analyses to meet ad-hoc local or group-wide needs.
Reporting and Governance
  • Maintain and enhance monitoring tools and key risk indicators in coordination with Group.
  • Prepare and review materials for internal risk/solvency reporting to management and board.
  • Contribute to external risk/solvency reporting and communication to auditors, regulators, and supervisory authorities.
  • Document adherence to internal policies and regulatory requirements.
Alignment with Business Stakeholders
  • Assist business areas/risk owners in the development of key risk indicators to identify and evaluate business areas' risks.
  • Support the enhancement and alignment of risk policies, processes, and reporting to ensure consistency and enable aggregation at Group level.
Qualifications
  • More than ten years of work experience with increasing levels of accountability in the Property & Casualty (P&C) industry, ideally within P&C commercial (re)insurance.
  • Experience with actuarial and financial risk modeling, including both regulatory capital formulas (RBC/MCT/BAT) and internal economic modeling frameworks is advantageous.
  • Strong analytical and statistical capabilities with ability to critically assess assumptions and risks underlying business plans/transactions.
  • Experience with model development is a plus.
  • Knowledge of P&C (re)insurance business and ability to apply sound business and financial judgment to model output and business plans/transactions.
  • Strong written and verbal communication skills; concise and accurate in communicating with stakeholders.
  • Ability to apply skills/work in a variety of ad hoc situations, proactively proposing and balancing a range of solutions.
  • Ability to take the lead in cross-functional projects.
  • Ability to deliver results for review in a timely manner, being proactive in managing deadlines including management of dependencies on others, with strong sense of accountability and high quality of outputs presented for review.
  • Build strong relationships within risk management and other functions, locally and across the Group and the P&C business unit.
  • Strong understanding and awareness of legal and regulatory compliance requirements.
  • BS or higher in Mathematics, Actuarial Science, Economics, or related field.
  • Qualification in a globally recognized actuarial and/or equivalent risk management organization.
Hybrid Work Policy

SCOR operates with a hybrid working arrangement, allowing employees to work 3 days per week in an office and 2 days per week remotely. This arrangement supports employee work-life balance and increases opportunities for employees to excel every day.


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