The position serves a key role in designing, structuring, and executing financial solutions that address the capital needs of insurance companies with a primary focus on inforce mortality and morbidity transactions. It also includes capital transactions and remote risk transactions. Key responsibilities center on deal structuring/negotiations, internal approvals, deal execution, new solution development, as well as supporting transaction origination. This position requires the individual to be innovative and experienced with a high level of financial, actuarial and reinsurance skills.
Origination support:
- Collaborate to help US traditional market team source, promote, and design client solutions
- Attend and participate in industry and client events; travel required
- Identify, design and present client-specific financial solutions
Deal execution: own or support the end-to-end process:
- Transaction origination (RFP receipt or bilateral discussion) § Analyze opportunity and form solutions, including deal structuring, overseeing transaction analysis, and initial pricing
- Work closely with the Pricing team on the transaction analysis and rate development
- Obtain internal transaction approvals (drafting and leading the review process and LCT/COMEX discussions)
- Lead due diligence, support treaty drafting and lead/support negotiation, as applicable
- Support post-close transition and onboarding process
Product Development: help design new solutions by:
- Identifying client needs via marketing actuaries and other industry sources
- Keep abreast of and analyze regulatory changes to assess implications for clients and SCOR
- Gain necessary product knowledge to develop viable solutions, which may include working with internal SMEs, hiring consultants, and modelling/accounting research
- Help map the best path forward to get internal acceptance
- Bachelor's degree or higher
- FSA designation preferred
- 10+ yrs experience in (re)/insurance, ideally with exposure to product development, capital management, and/or inforce management with a focus on Individual Life, Long Term Care, Disability
- Strong knowledge of US statutory and GAAP accounting as we as IFRS17 is a plus § Ability to lead large, complex projects and transactions under tight deadlines
- Work collaboratively with FinSol team, develop talent and partner with broader cross-functional teams to deliver on client transactions
- Lead due diligence, preparation of internal transaction documents and internal approvals
- Attention to detail, combined with the ability to maintain the “big picture” view
- Prior transactional and treaty drafting experience a plus
- Solid presentation and client-facing skills
You may not meet every requirement listed in the job description. If you bring broad expertise and alignment to the role and resonate with our core values, we encourage you to apply.
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
- Life and AD&D insurance
- Long- and Short-Term Disability
- Flexible Parental Leave
- Unlimited Sick Days
- Volunteer Time
- Summer Fridays
- Learning & Development Resources
- Personal Wellness Tools and Rewards
- Competitively priced gym memberships from a large nationwide network of gym brands and local fitness studios
- And More!
Pay Range for roles performed in CLT: $209,875-$283,475 base salary per year. 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.