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Innovation Actuarial Analyst Trainee

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SCOR

2mo ago

Applications are closed

  • Job
    Full-time
    Entry Level
  • Data
  • London

Requirements

  • Essential:
  • Experience of working both within a team and as a self-motivated individual
  • Experience in handling and analysing large datasets and data visualisation techniques and software.
  • Good working knowledge of Microsoft packages (particularly Excel/Access)
  • Good knowledge or experience of coding Python and/or R or the desire to learn coding.
  • Desirable:
  • Interest or knowledge of data science and machine learning technique
  • Some Actuarial training (actuarial trainees or those who have given up exams will both be considered)
  • Pricing experience with Knowledge of PROPHET and SAS
  • Personal Competencies:
  • Excellent analytical skills
  • Self-motivation
  • Customer focus
  • Team work
  • Attention to detail
  • Excellent communication and interpersonal skills
  • Required Education :
  • Undergraduate Degree in Actuarial Science, Mathematics, Data Science or other numerical degree, or equivalent qualifications

Responsibilities

  • Developing and enhancing predictive model:
  • Building new, and enhancing existing, predictive models will be a core part of the role. This could include:
  • Cleaning and analysing large data sets to prepare data to build new predictive models.
  • Building, training and testing new models or techniques to find most appropriate model for the required task.
  • Ensure results are sensible and explainable to non-experts.
  • Large data handling and exploration:
  • Working and managing large underwriting data sets to help support innovation around the future of underwriting.
  • Support the development of large internal databases at the centre of the firm’s long-term data strategy.
  • Analyse internal data to contribute to MI, profitability analysis, client management and research.
  • Learn, develop and deploy the necessary techniques and tools required to analyse large datasets for commercial insight.
  • Research and development:
  • Identifying and find new data sources that can deliver value to our clients, customer or internally.
  • Identify appropriate external research and derive analyses from external data sets.
  • Contribute to SCOR’s research activities and ad-hoc opportunities as required.
  • Produce accurate documentation of research work carried out and help write reports and presentations to communicate findings both internally and externally.
  • Pricing and risk control:
  • Feedback data project results into internal risk control, internal pricing basis or providing commercial insights to our clients.
  • Support the development of large internal databases at the centre of the firm’s long term data strategy
  • Learn, develop and deploy the necessary techniques and tools required to analyse large datasets for commercial insight
  • Client and stakeholder management :
  • Working and collaborating with internal stakeholders and our clients to ensure all stakeholders are kept informed of progress.
  • Sharing results, insights and learnings across the business

FAQs

What will I be responsible for as an Innovation Actuarial Analyst Trainee?

As an Innovation Actuarial Analyst Trainee, you will be responsible for enhancing processes and systems through extensive data projects, including data analytics, programming, and machine learning. You will collaborate with the global SCOR team to acquire new business and foster market initiatives for profitability.

What strategic pillars will I be supporting in this role?

You will be supporting the strategic pillars of understanding distribution, data services, and bringing in new customers. This includes reducing misrepresentation in the market, improving the quality of distribution, enhancing fairness and accuracy of risk pricing, maximizing data capabilities, and expanding the protection net to help more people get protected.

How will I contribute to the Innovation Team's strategic plan?

You will contribute to the Innovation Team's strategic plan by utilizing new data techniques and technology to intentionally improve outcomes for customers, clients, the market, and SCOR. Your role is key to helping the team achieve its goals and deliver on its strategic pillars.

What opportunities will I have for professional growth in this role?

In this role, you will have the opportunity to collaborate with the global SCOR team, expanding your professional network and experience. You will also have exposure to various data projects and innovative techniques, enhancing your skills and knowledge in the field of actuarial analysis.

SCOR

Combining the Art and Science of Risk to protect societies

Finance
Industry
1001-5000
Employees
1970
Founded Year

Mission & Purpose

SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health as well as in P&C. The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable. The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe. One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft. Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.

Culture & Values

  • Innovation

    Technological innovation is a driver of change. SCOR’s continuing investment in understanding and modeling risk helps to push back the frontiers of insurability, from the customer experience to product development.

  • Excellence

    Excellence is SCOR’s language, spoken in our offices and with clients across the world. It inspires trust and fosters a culture that embraces problem-solving and innovative thinking.

  • Teamwork

    Teamwork, collaboration and knowledge-sharing are at the foundation of SCOR’s recognized client service, enabling us to deliver tailored risk solutions in more than 160 countries.

  • Diversity

    The Group pays close attention to creating and maintaining the conditions necessary for a collaborative working environment among diverse nationalities, age groups and cultures. SCOR’s employees represent 65 nationalities and are as diverse as they are talented.

  • Sustainability

    Protecting the environment and contributing to the resilience of society are integral parts of SCOR’s identity and culture. In an increasingly risk-filled and uncertain world, the reinsurance industry has a leading role to play in underpinning sustainable and responsible development.

  • Integrity

    SCOR acts with honesty, integrity and transparency in all matters to ensure that we are accountable for our actions. We strive to meet the highest standards in all that we do, building trust among our clients, employees, shareholders, and regulators.