Support business acceptance decisions for referred pricing cases and lead financial solutions referrals
Requirements:
Extensive experience in the international Insurance/Reinsurance industry, with significant experience in a Pricing role; Strong experience in RBC regulatory context(s) such as Solvency II; Management/project management experience; Experience of multiple markets and products would be an advantage; Strong appetite and proven ability to work in an international context with cross-team collaboration; Familiarity with actuarial modelling tools e.g. Prophet, Alpha, Moses, Axis is a plus; Open-minded, result oriented, you work in an autonomous, organized and rigorous manner. You have proven communication skills especially in a complex context; Qualified Actuary
Text:
:"# Senior Global Pricing Actuary - Financial Solutions LeadnnLondon, United Kingdom and 2 morenn## Job DescriptionnnThe Chief Pricing and Underwriting Office (CPUO) is organised around 4 main activities: Global and Regional Pricing, Underwriting Management, Medical Underwriting & Claims and Experience Analysis and Biometric and Behavioural Modelling. We work together based on communities around outcomes.nnThe Global Pricing team is composed of experienced pricing actuaries who are responsible for the pricing framework and standard within the CPUO. The teamu2019s responsibilities include setting pricing and assumptions methodology, sharing expertise, ensuring good practices and quality controls and supporting wider business unit strategy. u00a0We provide support and controls to the pricing actuaries of Life markets, and u00a0 we work closely with UW and Med Underwriting and Claims teams contributing to Business Acceptance decisions.nnWe are responsible for the production of an opinion on the deals referred to us (typically the larger and more complex transactions that exceed local authorities).nnThe role doesnu2019t have direct people management responsibilities. However, the role requires strong coordination and organisational skills to manage several stakeholders during the referrals and the BE reviews and their governance, and within limited timeline. This can also be applicable to the organisation of pricing workshops, the management of the pricing actuariesu2019 community through events, forums, etc. Moreover, accepting management responsibility is expected of all team members at times on a project-by-project basis.nn## ResponsibilitiesnnIn respect of the primary role related tou00a0the referred pricing cases, it includes:nn- Supporting the organization and optimization of the Global Referral processFor Financial Solutions referrals and whenu00a0delegated by Head of Referrals, leadingu00a0the Pricing review by putting in place the pricing squad (if needed) and forming the official opinion of the Pricing Function on deals referred to the global level. Technical tasks involved aren- Review of Best Estimates, with the support of BRM team, if requiredn- Review of Modelling,u00a0KPIs and capital calculations making sure deal structuring is adequately reflectedn- Ensure appropriate understanding and communication of the expert judgement decisions taken when evaluating the dealn- Deal documentation should describe best estimate, tools and processes used, expert judgement and sign off process.n- For Financial Solutions referrals and when delegatedu00a0by Head of Referrals, coordinating the Business Acceptance review of the LCTT deals referred to the global level, working together with Risk Management and the Regional Business Acceptance Heads (e.g. in North America, CELA, and APAC) if requested.u00a0 u00a0Such deals are typically exceptional in volume, complexity or of an unusual risk nature. The role holder will collaborate with all stakeholders to ensure the wider business acceptance implications of writing a new deal are fully considered.n- For Financial Solutions in particular and all other business lines, as needed, actively supporting the implementation of the business acceptance framework including review of the guidelines, dealsu2019 models, assessing adequacy of the controlsu2019 environment (e.g. peer-review, documentation, modelsu2019 testing)n- Ensuring strong communication between the pricing teams and Head of Referral, Chief Pricing Actuary and Head of CPUO.u00a0 u00a0 u00a0 This includes timely escalation if any material issues identified by the teams, to inform decision making.n- Leading or participating in wider projects, such as the quarterly negative EVA project, annual NPET profitability adequacy assessment cycle and reporting.n- Leading or participating the pricing workstream when involved in a cross review of the business acceptance process of a local entity.n- Participation in the animation of the Referral Community by sharing best practice and learnings and providing updates on the developments related to referral processes and activities.n- Participating in the animation of the Pricing Function Community (150 Pricing Actuaries worldwide) in terms of news communication, best practice sharing, know how transfer, etc. Due to its global nature and perspective, Global Pricing team is in the best position to analyse and spread original ideas within the organisation.n- Follow up the publication on new methodology, with support on implementation to local teams.n- Occasionally participate to client meetings, deals due diligences, negotiationsnnAll members of the Global Pricing team are expected to further the wider objectives of the team.u00a0 The mandates of the Global Pricing team are:nn- To collect and share pricing expertisen- Ensure good practices and quality of pricing processesn- Set appropriate pricing methodologyn- Support wider business acceptance considerationsn- Support framework for assumption derivations and pricing guidelinesn- Facilitate SCOR L&H vision and strategy from a pricing perspectiven- Support development of processes to reduce operational risk in pricingn- Provide expertise and support for large and complex dealsnnAll team members may be required to assist in above areas from time to time, even where outside of their core responsibilities.nn## Qualificationsnn- Extensive experience in the international Insurance/Reinsurance industry, with significant experience in a Pricing rolen- Strong experience in RBC regulatory context(s) such as Solvency IIn- Management/project management experiencen- Experience of multiple markets and products would be an advantagen- Strong appetite and proven ability to work in an international context with cross-team collaboration.n- Familiarity with actuarial modelling tools e.g. Prophet, Alpha, Moses, Axis is a plusn- Open-minded, result oriented, you work in an autonomous, organized and rigorous manner. You have proven communication skills especially in a complex context.nn**Education**n- Qualified ActuarynnApply Now",
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