Job Title: Junior Reserving Analyst
The role of Junior Reserving Analyst is a pivotal position within the organization's Korea L&H Valuation team, which falls under the broader umbrella of APAC Actuarial. As a key member of this team, your primary focus will be on supporting the production and dissemination of IFRS and SII results. This encompasses covering SCOR's business written in Korea and Japan, encompassing various areas such as preparing quarterly reserves, uploading these into SCOR's systems (accounting system and reserving data warehouse), and producing reports.
You will have the opportunity to engage with colleagues across the SCOR group, communicating the results to our stakeholders.
About the Department
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 approximately 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
* Support the production of IFRS 4, IFRS 17, Solvency II, and K-ICS results for the North Asia market
* Draft actuarial valuation reports for IFRS and solvency II for the North Asia market
* Standardize and continuously improve reserving processes, analysis, and controls
* Enhance tools and methodologies
Qualifications
* Familiarity with insurance/reinsurance business from education or internships
* Experience in experience analysis and best estimate assumption setting
* Background in reserving/valuation – Best estimate liability valuation, and/or IFRS 17 and Solvency II preferred
* Prior experience in producing and checking future cash flows using actuarial software preferably with Prophet
* Ability to review others' work and manage tasks independently
Benefits
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 diversity of talents, and all positions are open to people with disabilities.