As a member of the Korea L&H Valuation team, which sits within the APAC Actuarial function, your role will be focused on supporting the production and of IFRS and SII results. The role will cover SCOR's business written in Korea and Japan.
This will include supporting work on various areas such as preparing the quarterly reserves, uploading these into SCORs systems (accounting system and reserving data warehouse), and producing reports..
You will have the opportunity to liaise with colleagues across the SCOR group, explaining the results to our stakeholders.
About the Department: APAC Actuarial
The APAC Actuarial team is based in SCOR's offices in Singapore, Sydney, Beijing and Seoul, and covers both Life & Health and Property & Casualty business. This includes business written in c.30 countries and 13 legal entities in the region. We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders. The department is led by the Head of L&H Reserving for Asia Pacific.
Responsibilities
Key duties and responsibilities
Valuation & Closing Process support
* Support production of the IFRS 4, IFRS 17, Solvency II and K-ICS results for the North Asia market
* Support in drafting actuarial valuation reports for IFRS and solvency II for North Asia market
* Support to Standardise and continuously improve reserving processes, analysis and controls.
* Support improvements on tools and methodology
Qualifications
Experience:
* Some exposure toinsurance/reinsurancebusiness from education or internships
* Experienceof experience analysis and best estimate assumption setting
* Experienceof reserving/valuation – Best estimate liability valuation, and/or IFRS 17 and Solvency II experience preferred
* Experienceof producing and checking future cash flows using actuarial software preferably with Prophet.
* Experiencein reviewing others work and managing tasks independently
Personal Competences:
* Fluent Koreanspeaker with a good written & conversationalEnglish
* Enjoys working at pace, in a close-knit team and also being able to work independently where required
* Demonstrates curiosity and enthusiasm for continuous improvement
* A decent technical skill set, including experiences in SQL, Python and Excel VBA
* Posting Date 06/25/2025, 04:54 AM
* Locations Korea, Republic of
* Job Schedule Full time
About Us
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.
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