Accumulation Analyst

One of the areas of expertise would be to support the non-natural catastrophe data inputs, analytics, and outputs within the SCOR global analytics framework and reporting metrics. Currently, this is managed solely by Emale Laurent; however, the processes require enhancing, automation, and developing within the existing framework and systems. This person will support driving this forward for SCOR (including Specialty) and support Lorin Fergusson to improve the SCOR Syndicate non-modelled view of risk and maturity rating, which in turn removes the requirements for capital loads.

Another area of expertise would be to support the operational output of nat-cat accumulation, such as weekly capacity monitoring, retro support, sensitivity analyses, and external reporting. The candidate will also support the development/industrialization of processes/tools to support these tasks as well as R&D aspects for the continuous development of the approaches/processes.

Supporting and enhancing the non-cat accumulation and aggregation process and analytics (this will include support of the Nat CAT Treaty and SBS exposures).

• Supporting ad-hoc strategic analytics and operational tasks to meet urgent business needs both internally and externally.
• Establish a strong relationship with the owners of the data feed by establishing a well-defined process, as well as strong collaboration with all other internal stakeholders (UW, pricing, etc.).
• Develop a deep understanding of the systems, processes, scenarios, data inputs, and outputs.
• A technical professional on Non-Cat vendor models, analytics, and accumulation.
• Support the Non-Cat regulatory elements for all of SCOR. In addition, support the Head of Exposure Management and the SCOR Syndicate to enhance its non-cat maturity within Lloyd’s.
• Steer the portfolio through analyses of the evolution of accumulation and portfolio optimization analyses.
• Develop and enhance non-cat accumulation and scenario analytics within NORMA and SCOR Syndicate Capital Model.

Support the development, maintenance, and update of the tools and processes supporting the Accumulation Management.

• Processes: Harmonize the approach for risk identification and aggregation, assessment, monitoring, and reporting of the accumulations at various levels (risk, portfolio, cedent, region, country, entity, division…). Define and implement guidelines on data (structure and type) needed for the analysis of the accumulations (including refinement of the optimal frequency of updates).
• Research: Continue R&D aspects for the continuous development of the approaches/processes including but not limited to the subsequent data augmentation and enrichment of SCOR’s data for enhanced analyses.
• Tools: Enhance, harmonize, and maintain the tools and systems to support the risk accumulation process. Includes the interaction between the various source tools and the reporting layer.

Required experience & competencies:

Preferably 3-6 years of insurance or reinsurance experience in actuarial or quantitative areas such as capital modeling, pricing, and/or reserving.

Experience in using standard business software is a must. Competence in a language/tool supporting numerical programming is also required (e.g., Python, R, MATLAB). Coding is desired to form efficient and robust processes that reduce manual interaction and reduce workloads.

Required Education:

Actuary working towards full qualification or a person with an advanced degree in a closely related field where strong quantitative skills are required.