SCOR Global Life Americas

• Create and lead a robust US Portfolio Optimization opportunity identification process including introducing a quarterly review cycle of significant clients and partners, and appropriate analysis of value creation drivers, including impact on capital consumption, CSM, IFRS 17 experience variances, economic value added and cashflow
• Lead development and negotiation of specific complex, non-traditional inforce optimization transactions such as extending rate guarantee framework, trading new business for inforce accommodations, involvement in large scale negotiated resolutions, etc.
• Identify, develop and deliver effective solutions to further optimize SCOR’s US portfolio (e.g. retrocession arrangements to improve cashflow development and/or accelerate reduction of US Inforce portfolio to enable more new business investment at higher returns)
• Linking new business pricing to VNB to NB CSM and developing understanding of underlying drivers and a robust feedback loop across the US organization; ensure that we are investing SCOR’s new business capital in the most efficient manner within SCOR’s overall capital framework
• Work closely with the Finance, Actuarial and Experience Analysis teams regarding potential assumption changes and IFRS 17 experience variances with particular focus on identifying strategies to mitigate any negative impacts.
• Identify, recommend, lead and/or support actions to be taken by SCOR to optimize its in-force block from a CSM, capital, cash flow, earnings, solvency 2, and economic value-added perspective.
• Design and implement a comprehensive US Portfolio Optimization process aimed at identifying opportunities for improvement across the portfolio.
• Establish and maintain a quarterly review cycle for significant clients to assess performance and uncover optimization opportunities across products and in collaboration with IO and Finance teams.
• Analyze key drivers of value creation, including capital consumption, Contractual Service Margin (CSM), IFRS 17 experience variances, economic value added, and cashflow impact.
• Lead cross-functional teams to assess and prioritize portfolio optimization opportunities based on financial and strategic benefits.
• Drive the creation of strategies to manage the US Inforce portfolio, ensuring alignment with overall company objectives and market trends.
• Lead and/or support negotiations and development of complex, non-traditional portfolio optimization transactions, such as rate guarantee frameworks trading new business for inforce accommodations, involvement in large scale negotiated resolutions, etc.Identify and develop innovative solutions to optimize SCOR’s US portfolio, focusing on retrocession arrangements and capital-efficient strategies.
• Implement retrocession arrangements designed to improve cashflow development and accelerate the reduction of the US Inforce portfolio.
• Collaborate with cross-functional teams to free up capital from the US Inforce portfolio for higher-return new business investments.
• Establish a strong feedback loop to link new business pricing to Value of New Business (VNB) and New Business CSM (NB CSM) to drive alignment across the organization.
• Build deep insights into the underlying drivers of pricing and profitability, ensuring that the organization is investing capital in the most efficient manner.
• Provide strategic guidance to ensure SCOR’s new business capital is aligned with the company’s overall capital framework and risk tolerance.
• Work closely with Finance, Actuarial, and Experience Analysis teams to evaluate potential assumption and modeling changes and assess their impact on financial performance.
• Develop strategies to mitigate the negative impact of IFRS 17 experience variances on CSM balance, preserving SCOR’s financial stability.
• Understand the intricacies and implications of aggregate vs. treaty-specific assumptions when reserving (under IFRS 17) and developing the impact of management actions on PVFCFs.
• 15+ years of progressive experience in product management in the life insurance and life reinsurance industry.
• Bachelor’s degree in Actuarial Science or equivalent.
• Prior experience leading in a global/multinational capacity, including leading strategic initiatives.
• Fellow of the Society of Actuaries and / or Fellow of the Canadian Institute of Actuaries.
• Experience in leading the pricing of life reinsurance products.
• Experience in leading the valuation and projection of life reinsurance liabilities under IFRS17, Solvency 2 and GAAP reporting regimes.
• Up-to-date knowledge of life insurance laws and regulations and insurance products.
• PC skills and experience with analysis of actuarial software output.
• Very strong written and oral communication skills.
• The ability to work independently in a leadership position.
• Credibility and leadership, capability to generate a high level of respect and trust from Company management and other actuarial professionals.
• Very strong technical financial skills, analytical ability, good judgment and strong operational focus.
• Well-organized and a self-directed individual who is a team player.
• Good educator who is trustworthy and willing to share information and serve as a mentor.
• Decisive individual who possesses a big picture perspective and is well versed in most aspects of the business.
• Ability to make effective and persuasive presentations.
• Be able to gain, through past successes in SCOR and/or other quality organizations, immediate credibility as an extremely capable business leader. This individual will challenge existing convention and not settle for the status quo.
• Work effectively across organizational boundaries and develop strong working relationships with leaders in all business units and functions (Legal, Finance, Experience Analysis, Pricing, Operations, Sales, Risk, etc.) in order to be a highly effective high-performance team.

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.