Valuation Actuary - 12 months

Job Summary

This role provides key support to the reserving, capital management and assumption setting functions of the ANZ Valuation team.

You will support quarterly reporting of financials of SCOR's Australia & New Zealand business on the group basis.

This is a 12month full-time contract position as maternity leave cover, with a planned start date in mid-August 2026, based in Sydney and reports to the Head of Life & Health Reserving, AN.

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.

Experience

• Fully qualified actuary or partially qualified actuary progressing through exams

• Knowledge of IFRS17 essential

• Life insurance financial reporting or valuation experience required

• Highly proficient user (coding not required) of Prophet actuarial projection system

• Advanced Excel skills

• Advanced SQL and Python programming skills

Competencies

• Agile, resilient and comfortable with handling ambiguity, shifting priorities, adapts quickly to new information and requirements

• Inquisitive and analytical mindset knowing links between data, systems and processes

• Capable of balancing precision and practical business mindset

• Effective written and oral communication skills

• Strong problem solving, time and project management skills

• Enthusiastic, "can do" attitude approach to fast-paced work

• Manage the reasonable expectations of stakeholders

• Work collaboratively with teams in multiple geographic SCOR locations

Required Education

• Associate or Fellow of the Actuaries Institute of Australia (or equivalent)

• Relevant degree in an actuarial studies, commerce or related field

Key duties and responsibilities

Financial Reporting

• Calculate insurance contract liabilities including impacts of assumption, model changes and sensitivities

• Upload cashflow projection data and estimates into reserving systems

• Ensure correct data flow to downstream systems

• Explain financial results including analysis of change

• Propose reserving assumptions based on experience study results

Prophet Modelling

• Setup and run Prophet cashflow projection models

• Perform user acceptance testing of model changes as required

Quality Assurance and Business Process Optimisation

• Assess reasonableness of projections and financial results

• Validate data quality in SCOR reserving systems

• Execute controls in the valuation process

• Respond to internal reviewers' queries

• Optimise business processes through automation of processes

• Connect with SCOR's Asia-Pacific actuarial community