Trainee Pricing Actuary – MGA at SCOR – London, United Kingdom

Victrays; London; On-site; GBP 30,000 - 55,000; Full time

Job summary

An established industry player is seeking a Trainee Pricing Actuary to join their dynamic Actuarial Pricing team. This role offers a unique opportunity to support the pricing and monitoring of MGA business while actively pursuing a recognized actuarial qualification. You will work closely with underwriters and contribute to global actuarial projects, enhancing your analytical skills in a collaborative environment. With a focus on innovation and efficiency, this position is perfect for self-starters eager to make a meaningful impact in the insurance sector. Join a team that values diversity and inclusion, and embark on a rewarding career path in the world of reinsurance.

Qualifications

• Gained actuarial work experience in insurance or mathematical modelling.
• Willingness to attain a professional actuarial designation.

Responsibilities

• Price delegated authority risks for multiple lines of business.
• Participate in portfolio monitoring to assess profitability.
• Support data manipulation to streamline pricing workflow.

Skills

Analytical Skills

Communication Skills

Team Collaboration

Python

SQL

VBA

Education

University degree in Mathematics

Professional actuarial designation

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

Trainee Pricing Actuary – MGA at SCOR – London, United Kingdom

The position is in the Actuarial Pricing team, supporting the pricing and monitoring of MGA business written via both the Lloyd’s syndicate and Company Paper. The position holder will be actively studying for a recognised actuarial qualification and will join a dynamic, analytical team within SCOR.

• Work closely with underwriters and other members of the Actuarial pricing team to price delegated authority risks for multiple lines of business;
• Participate in portfolio monitoring and analyses to help assess the profitability of business that has already been written;
• Support and drive efficiency within the data manipulation process to help streamline the pricing workflow within the team;
• Assist with Treaty pricing during busy periods;
• Contribute to global actuarial projects as required, to drive gains across the whole SCOR global enterprise;

Experience:

• The ideal candidate will have gained some actuarial work experience in insurance/reinsurance or mathematical modelling;
• Experience of participation in projects and teams.

Personal Competences:

• Familiarity with standard Microsoft Office applications such as Excel, Word, and PowerPoint;
• Excellent analytical skills with attention to detail;
• Able to communicate clearly and concisely, verbally and in writing;
• Collaborative team-player spirit with experience of project participation;
• Ability to work effectively with minimal supervision;
• Self-starter/motivator and creative;
• Interest in data science, with preference given to programming capability and experience of Python, SQL, or VBA.

Education:

• University degree in mathematics, economics, or related field or equivalent;
• Willingness to attain a professional actuarial designation.

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: caring about clients, people, and societies; performing with integrity; acting with courage; encouraging open minds; and thriving through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.