Pricing Actuary, Longevity

This is a position within SCOR’s Global Longevity Pricing team, based in London, reporting directly to the Head of Pricing.

The role offers broad exposure across global Longevity markets, with responsibilities spanning:

• Technical pricing of longevity tenders

• Pricing systems development in R

• Development of new product propositions

• Coordination of new business approvals with SCOR Global Life and Group functions

• Execution of new deals

• Enhancement of pricing tools and processes

• Research into demographic assumption derivation

• Supporting client relationship management

The successful candidate will join as a member of the Global Longevity Pricing team, contributing to all aspects of understanding, pricing, and managing longevity reinsurance risks. This role plays a critical part in enhancing SCOR Global Life’s ability to write profitable new business.

Quote Production

• Lead the production of quote tenders including the production of quote pricing basis (base table, improvements, marriage assumptions and KPI metrics). 

• Produce accurate rates within specified timeframes and accurate documentation to support quotes.

• Ensure pricing basis conforms with SCOR Global Life Annuity pricing guidelines and that key pricing issues/ risks are highlighted early.

• Support the Head of Pricing on business referrals with Group sign-off teams based in Paris, Cologne and Ireland.

• Support new business execution.

 Pricing Process and Tools

• Manage the maintenance and development of Longevity pricing processes and tools to improve the accuracy, efficiency and insight gained from process outputs.

• Pro-actively suggest improvements to the pricing processes and tools.

• Ensure process updates are managed in a compliant and documented manner.

New product and proposition development   

• Support the technical development of new products/ propositions.

 Research

• Lead/ assist Longevity research projects.

• Assist ongoing innovation of pricing basis which enable SCOR to write profitable new business and develop its product offering.

Relationships

• Develop client and internal relationships and provide excellent customer service, to help deliver the Longevity team’s objectives.

• Contribute to the promotion of the team's technical expertise internally and externally, and support knowledge sharing across the business.

Required experience & competencies

• Qualified Actuary with relevant experience in longevity pricing, experience analysis, mortality modelling, or longevity research.
• Strong programming skills in R, with the ability to develop, maintain, and validate analytical models and tools.
• Good understanding of pension risk transfer and pension de-risking solutions, together with awareness of key market developments across major global markets.
• Good understanding of pension scheme data, benefit structures, and common scheme rules.
• Proven experience in manipulating, analysing, and interpreting large and complex datasets to support business decision-making.
• Experience of working with clients and internal stakeholders, with the ability to communicate technical concepts clearly to both technical and non-technical audiences.
• Strong analytical, problem-solving, and judgement skills, with a high level of attention to detail.

• Ability to manage multiple priorities and deliver high-quality work within demanding timelines.

Personal Competencies:

• Strong technical and analytical skills, with a high level of accuracy and attention to detail.

• Strong communication and interpersonal skills, with the ability to work effectively across functions.

• Good planning, organisational and workload management skills, with the ability to contribute to and support project delivery.

• Ability to combine analytical insight, sound judgement and commercial awareness to support pricing decisions and recommendations.

• Self-motivated, proactive and able to work independently when required.

• Collaborative team player with a positive and inclusive approach.

• Customer-focused, with the confidence and communication skills to participate effectively in client interactions and meetings.

• Flexible and adaptable, with the ability to respond effectively to changing priorities and business needs.

Required Education 

• Qualified Actuary.

• Educated to degree level with excellent academic track record or equivalent experience.