Director, Economic Value Innovation - Charlotte, United States - SCOR

Description

Job DescriptionHybrid work policy :

SCOR is committed to an 'in-office' culture where people can collaborate, exchange ideas, and establish stronger working relationships while still 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.

As the leader for reserving metrics relevant to SCOR group under IFRS & Solvency II, the position will own the development of reporting analytics and draw insights to business performance from economic value perspective.

The role will work with various stakeholders ensuring the accuracy and integrity of the proper actuarial data, modelling, controls, and governance is kept with regards to financial reporting.

In addition to the role's technical leadership responsibilities, the position will offer team leadership both within US Life Finance through the collaborate working with Finance teams as well as strong people leadership and development for team members.

ResponsibilitiesOwn the development of reporting analytic tools such as leadership dashboard on the projection of technical cashflow projection and BI illustration of how actuals are emergingLead the development reporting tools to help deepen the understanding of enture suite of reserving metrics under IFRS17 (CSM and RA) and Solvency II (Own fund walk, Sovlency Ratio, SCR, RM)Partner and feedback the business teams to leverage economic value reporting insights through the development and delivery of client analytics to identify trends, risks, and opportunitiesCreate and maintain a culture of learning and innovation within the team to deliver and enhance tools, processes, and metrics that advance the understanding of our business and optimize the team's efficiencAct as Financial Development Partner by recommending and working closely on model and process development improvements and enhancements for actuarial reportingServe as the direct liaison with group and business unit functions for Group reporting topicsShare in the development of a team of actuaries, with a particular focus on mentoring a strong group of emerging leaders across the departmentAct as key resource for new developments in reserving issues, methods, and regulationsParticipate in the development and implementation of company-wide strategic initiatives and special assignments as required.

QualificationsBachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field with demonstrated record of academic excellenceFellow of the Society of Actuaries (FSA) designation (or equivalent)Must have 5+ years proven actuarial leadership, management experience, and experience with financial valuation, modeling, cash flow analysis in the insurance or reinsurance industryExprience with BI and analytics tools, e.g.

Tableau preferredStrong knowledge of economic value reporting and analysis within the industry.

Experience managing projects and effectively representing department at various meetingsDemonstrated ability to work as a collaborative team member in an intellectually vibrant and commercially sophisticated environmentAbility to work in a fast-paced, dynamic environment, maintaining an agile mindset.

Experience mentoring and developing team membersStrong organizational & planning skills with ability to meet multiple competing deliverables and manage projectsAbility to build & maintain relationships with a diverse group of colleagues throughout the SCOR GroupDemonstrated ability to understand complex models and perform valuation, modeling, and analysis to deliver required resultsDemonstrated ability to identify and implement departmental processes and controls and ensure appropriately documentedExpertise in IFRS, Solvency II (or similar economic value reporting method) preferredStrong interpersonal and excellent communication skills, including verbal, written and relationship building.

Proficient in actuarial software, database, and reporting toolsPersonal Competencies:

Leadership:
Able to lead, manage and motivate a team of actuaries and financial professionals.

This includes setting clear goals, priorities, managing team performance, development, and growth, and ensuring a high level of accuracy, productivity, and efficiency.

Initiative:

Ability to work independently, take charge and initiate actions without needing to be micro-directed, managing own workload along with being proactive anticipating opportunities before they arise and taking steps to address them.

Creativity/Innovation

• Able to think creatively and proposes/develops innovative solutions and new functioning modes.

This includes being open to new ideas and approaches, having the willingness to take calculated risks to achieve better results.
Awareness of Market Evolutions

• Is connected to his/her market/field of expertise, to his/her business evolutions and/or new technologies.

Technical Skills:

Proficiency in actuarial software and tools, and the ability to leverage these tools to improve the efficiency and accuracy of actuarial work and economic value reporting.

Problem Solving

• Ability to identify and define complex problems, understand root cause and how it impacts the business.

Develop effective and innovative solutions then implementing after appropriate approvals. This includes managing the change process, monitoring for effectiveness, and adjusting as needed.
Communication

• Knows how and when to develop/sustain a message and/or an idea (speaking and writing), uses the right tools to present information.

Excellent written and verbal communication skills, with the ability to present complex financial information in a clear and understandable manner to a variety of audiences, including senior management and stakeholder of all levels.
Resilience

• Demonstrates an ability to step back when facing difficult situations and to bounce back after a failure.

This includes reflecting on successes and failures, seeking feedback, and continuously improving skills and processes.
Decision Making

• Makes sound decisions and/or rolls out the decisions under pressure, considering all relevant information and potential impacts.

Accountability

• Alerts, raises the critical points when needed, shoulders and corrects decisions and shows responsibility regarding cost management.

Project Management

• Ability to manage multiple projects simultaneously, ensuring that all projects are completed on time and within budgetary guidelinesReliability
• Checks work, challenges the solution before submitting it on time and identifies/corrects the mistakes if needed.

Commitment

• Makes effort to bring skills and uses expertise to contribute to the success of the Group.

About UsSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk.

Leveraging experience and expertise to deliver 'The Art & Science of Risk', SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments.

Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy.

This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group.

We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.

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