Valuation Actuary

You will report Australia & New Zealand portfolio results quarterly for IFRS17, Solvency II and local statutory regulatory reporting bases.

The position is for a 12-month fixed term based in Sydney and reports to the Head of Life & Health Actuarial, ANZ with immediate commencement.

**Financial Reporting**
- Report Australia and New Zealand portfolio results on SCOR's group IFRS17, Solvency II and local statutory bases
- Adapt the group IFRS17 solution to comply with local IFRS17 requirements
- Report period end liabilities and impacts of assumption, model changes and sensitivities
- Upload (both automatic and manual) cashflow projection data into reserving systems and validate all data
- Ensure correct data flow to downstream systems
- Complete ongoing user-based training on reserving systems and reporting tools
- Prepare governance and clearance reports of financial results including analysis of movements and reconciliations
- Propose reserving assumptions
- Write sections of the local entity annual Financial Condition Report and ICAAP report
- File local entity regulatory returns

**Prophet Modelling**
- Setup and run Prophet cashflow projection models
- Perform user acceptance testing of model changes as required

**Quality Assurance and Process Improvement**
- Assess reasonableness of projections and financial results
- Validate data in SCOR reserving systems
- Execute controls in the valuation process with documented evidence
- Respond to external/internal reviewers and auditors
- Get involved in activities to transform and enhance the efficiency of valuation processes
- Connect with SCOR's Asia-Pacific actuarial community

**Experience**
- Fully qualified actuary or partially qualified actuary progressing through exams
- Understanding of IFRS17 is advantageous
- Past life insurance financial reporting or valuation experience essential
- Highly proficient user (coding not required) of Prophet actuarial projection system
- Advanced use of Excel
- Experience with SQL and Python programming languages are desirable

**Competencies**
- Agile, resilient and comfortable with handling ambiguity, shifting priorities, adapts quickly to new information and requirements
- Inquisitive and analytical mindset knowing links between data, systems and processes
- Capable of balancing precision and practical business mindset
- Effective written and oral communication skills
- Strong time and project management skills
- Enthusiastic, "can do" attitude approach to fast-paced work
- Manage the reasonable expectations of stakeholders
- Work collaboratively with teams in multiple geographic SCOR locations

**Required Education**
- Associate of the Actuaries Institute of Australia (or equivalent)
- Relevant degree in an actuarial studies, commerce or related field

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.