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Pricing Actuary - Job Opportunity at SCOR

Paris, France
Full-time
Senior
Posted: April 2, 2025
On-site
EUR 90,000 - 130,000 annually based on Paris market rates for senior actuarial roles in global reinsurance

Benefits

Professional Development: Opportunities to work with leading industry experts
Global Exposure: International work environment with cross-cultural experiences
Career Growth: Clear advancement pathways in a leading reinsurance company
Learning Environment: Access to cutting-edge risk management practices and technologies

Key Responsibilities

Lead strategic pricing decisions for complex reinsurance contracts across Credit & Surety, Political Risk, and Inherent Defects Insurance portfolios
Drive innovation in pricing methodology development and implementation
Provide expert technical consultation to underwriting teams for risk assessment and structural advice
Represent SCOR at high-level client meetings and industry events
Manage renewal cycles with focused dedication during peak periods (March, June, October-December)
Lead projects for continuous improvement of pricing practices and methodologies

Requirements

Education

Master's Degree or PhD in Data Science, Mathematics, Statistics

Experience

At least three years of pricing activities at a global reinsurer

Required Skills

Statistical computing (Python, R) Machine learning modeling Complex risk assessment Advanced communication skills Project management Stakeholder management Technical pricing expertise Reinsurance market knowledge

Certifications

Qualified actuary in a globally recognized actuarial body
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Sauge AI Market Intelligence

Industry Trends

Increasing integration of machine learning in actuarial practices is transforming traditional pricing models, requiring actuaries to blend classical methods with advanced analytics Growing complexity in global risk landscapes is driving demand for sophisticated pricing mechanisms in specialty lines like Political Risk and Credit & Surety Environmental, Social, and Governance (ESG) factors are becoming increasingly important in reinsurance pricing considerations

Role Significance

Typically part of a specialized pricing team of 5-8 actuaries, working within a broader technical department of 20-30 professionals
Senior technical position with significant influence on business strategy and risk acceptance decisions

Key Projects

Development of machine learning-enhanced pricing models for specialty lines Strategic portfolio optimization through advanced analytics Implementation of new pricing methodologies for emerging risks

Success Factors

Deep understanding of both traditional actuarial methods and modern data science techniques Ability to balance technical accuracy with commercial awareness Strong stakeholder management skills across multiple geographies Capacity to adapt pricing strategies to rapidly evolving risk landscapes

Market Demand

High demand with growing emphasis on technical expertise in both traditional actuarial science and modern data science capabilities

Important Skills

Critical Skills

Advanced statistical modeling - Essential for developing sophisticated pricing models Machine learning expertise - Critical for modernizing traditional actuarial approaches Communication skills - Vital for translating complex technical concepts to various stakeholders

Beneficial Skills

Knowledge of emerging risks and ESG factors Experience with alternative risk transfer mechanisms Understanding of regulatory frameworks across multiple jurisdictions

Unique Aspects

Rare combination of specialty lines focus including Political Risk and Inherent Defects Insurance
Strong emphasis on technical innovation in traditional actuarial role
Clear seasonal focus with dedicated renewal periods

Career Growth

2-4 years in role before progression to department head or specialized technical leadership position

Potential Next Roles

Head of Actuarial Department Chief Pricing Officer Chief Risk Officer Technical Director

Company Overview

SCOR

SCOR is a top-tier global reinsurance company known for technical excellence and innovation in risk management

Among the top 5 global reinsurers with strong presence in specialty lines
Strategic position in Paris as global headquarters with significant influence over European reinsurance markets
Technical excellence-focused environment with strong emphasis on innovation and collaborative problem-solving
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