Junior Life Reserving Actuary

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Under the authority of the CEN Life and Health Reserving Manager:

• You will be responsible for producing treaty projections to feed the IFRS 17, Solvency 2 and also HGB balance sheets and for analyzing these figures.
• You will be part of the stabilization work regarding IFRS 17 (models and processes).
• You will work in collaboration with the group's Pricing, Accounting, Finance and actuarial teams.

Key duties and responsibilities

Your main responsibilities will be:

• Produce the projections of the portfolios for which you are in charge for IFRS 17 and Solvency 2 (Best Estimate and Sensitivity scenarios) according to instructions and analyze the resulting metrics (BEL, PVFCF, CSM...), explain discrepancies and support the reporting in consolidation tools.
• Collect, analyze and prepare data to conduct or support experience studies in order to derive or update assumptions.
• Support the development or improvement of the models and related calculation and reporting processes.
• Document the work (models, assumptions and results obtained) and explain the results.
• Support the market and finance teams with regard to ad hoc requests, calculation of portfolio values and provide input in various projects with guidance from Professional / Senior Actuaries.

To carry out the various missions, you will work closely with the Market teams, the Technical Accounting team, Finance department's teams, Pricing teams and the Group's Actuarial teams in different SCOR locations.

Required experience & competencies

Experience:

• Favourably basic work experience in (re)insurance with a focus on actuary issues, but not required.
• Academic knowledge or experience in Life insurance.
• Strong knowledge of standard software (MS Office) and basic knowledge of at least one coding language (e.g. R, Python).
• You are open and curious.
• You like to work both independently and in a team and you enjoy communicating.
• You are rigorous, precise and conscientious.
• You have advanced analytical and conceptual skills.
• Your communication skills enable you to work in both local and international environments.

Required Education

• University degree/Master's degree in Mathematics, Economics with the main focus on mathematical issues.
• Preferably membership in an actuarial association/qualified as an actuary or equivalency from a recognized organization or training to be an actuary.