The position will lead a team of experienced actuaries that will collaborate with the US market team to source, design, price and execute such complex transactions.
The position will have a US market focus while coordinating with SCOR L&H to access and leverage the experience in other jurisdictions globally.
This position requires leadership, collaboration, creativity, management experience and structuring skills as well as the development of talent within the team and periodic review, motivation and incentivization of direct reports at the VP, AVP and Associate levels.
Key duties and responsibilities
Building and managing a team of highly motivated and talented experts in structuring and executing Financial Solutions transactions.
Collaborate with US traditional market team to source, market, design and execute transactions.
Support compliance of transactions with SCOR standards and processes.
Design new solutions arising from change in regulations and/or specific needs from clients.
Contribute to the global Financial Solutions team objectives in terms of risk management, strategic planning, reporting and financial targets.
Help to achieve organizational branding goals to create the image of SCOR as a major player in innovative Financial solutions by attending and participating at targeted industry conferences and by visiting clients
Monitor transaction experience and execute triggers as necessary to maintain profitability
Maintain in collaboration with the US market team a network of contacts in insurance companies, investment banks and financial advisors to source transactions
Desired Experience & Competencies
20 or more years’ experience in Life Insurance and Reinsurance actuarial roles, with at least 5 years in financial solutions reinsurance transactions
Successful track record of closing complex transactions
Network of solid relationships in the insurance and reinsurance marketplace
Management and development experience of actuarial professionals
Executive presence and ability to present at many levels of an organization, both internally and within clients
Personal Competencies:
Problem Solving - Identifies and analyses issues, proposes and rolls out relevant solutions after appropriate approvals
Communication - Knows how and when to develop/sustain a message and/or an idea (speaking and writing), uses the right tools to present information
Resilience - Demonstrates an ability to step back when facing difficult situations and to bounce back after a failure
Decision Making - Makes decisions and/or rolls out the decisions taking into account all available information
Accountability - Alerts, raises the critical points when needed, shoulders and corrects his/her decisions and shows responsibility regarding cost management
Commitment - Makes effort to bring his/her skills and uses his/her expertise to contribute to the success of the Group
Curiosity - Demonstrates an appetite for learning and developing his/her-self in his/her field of expertise, can develop new practices and methods in relation with his/her day-to-day work
Managerial competencies:
- Team Spirit - Helps his/her colleagues and facilitates working relationships seeking the consensus.
- Feedback - Gives and takes into consideration constructive remarks, with his/her management, peers, clients and employees
Flexibility - Adapts to change and shows reactivity to make the best of it
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Relocation assistance within the U.S. is available for this position. Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.
Hybrid Work Policy:
SCOR is committed to an “in-office” culture where people can collaborate, exchange ideas, and establish stronger working relationships while ll providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.
At SCOR, we CARE about clients, people, and societies, and we are committed to placing them at the center of everything we do. Providing great benefit choices to you and your family is just one of the ways we support the physical, financial, and emotional well-being of the people who make our company successful – you.
Benefits We Offer
- Medical, vision, and dental coverage
- 401(k) Plan with a competitive match
- Company-funded Defined Contribution Retirement Program
- Long- and Short-Term Disability
- Learning & Development Resources
- Personal Wellness Tools and Rewards
- Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios
Pay Range for roles performed: $244,000 - $365,000 base salary per year for Charlotte NC / $280,000 - $420,000 for New York City. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long term incentives. In addition, we provide a variety of benefits to employees, including health insurance
coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.
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.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
