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Closing Actuary

Employer
SCOR
Location
Paris, France
Salary
Competitive
Closing date
Feb 9, 2025
View more categoriesView less categories
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description

The L&H Actuarial Closing - Closing Actuary is a member of the L&H Actuarial Closing team, which is responsible for the delivery of the Life technical reporting to the downstream systems under both Solvency II and IFRS17. This includes data quality assurance, actuarial guidance and analysis of the consolidated results.

Furthermore, the team has a leading role in the implementation of an end-to-end global target operating model and process, optimizing the delivery of Solvency II / IFRS 17 reporting & analysis requirements.

In this position, the L&H Actuarial Closing - Closing Actuary will work closely with other L&H Financial Technical Reporting teams and Group Chief Accounting Officer teams, L&H Business Unit Operational teams and other teams (most notably Group Finance, Group IT as well as external IT development teams).

Responsibilities

Key duties and responsibilities

IFRS17 and Solvency II

• Participate to the design of BAU structure related to the CSM Engine tool, focusing on processes and validation of calculations.

• Provide value adding insights to senior management on key drivers and risk relating to Solvency II and IFRS17 results

• Support other GCAO teams for the delivery of IFRS17 information for audit requests

• Support the macro market teams with any queries related to IFRS17 results calculated in the CSM Engine, in close collaboration with the team reviewing the local cashflows

• Assist in testing of end-to-end system developments

• Support the reporting of the Group and Legal Entities' Solvency II liability data, ensure adequate governance and delivery to downstream systems and teams

• Support the reconciliation of SII-IFRS17

• Support the documentation of the IFRS17 and SII controls on the consolidated results as well as of the results themselves

• Input in the production of guidelines for SII and IFRS17 cashflow modelling

Others

• Ensure strong emphasis on efficiency, automation, flexibility and control design

• Lead or participate in projects or ad-hoc topics as needed or when requested

Qualifications

Required experience & competencies

• Good experience and knowledge of actuarial methodology and financial reporting processes (5+ years)

• Knowledge of SII and IFRS17 standards

• Industry knowledge of reinsurance business

• Excellent IT skills of standard software (MS Office)

• Excellent written and oral communication skills, ability to explain and present complex ideas to a wide audience

• Excellent analytical and mathematical skills

• Team player, collaborative spirit

• Innovative, flexible and adaptive to changing requirements

Required Education
  • Actuarial Qualifications or equivalent

About Us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

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