P&C UK Reserving Actuary

Job Overview

Based in Casablanca, Morocco, this role involves supporting the actuarial reserving work for SCOR's insurance and reinsurance operations in the UK and Europe for non-Lloyd's entities. SCOR, a leading global reinsurer operating in around 160 countries, combines industry expertise with advanced financial solutions to help clients manage and mitigate risks effectively. The position offers the opportunity to work with a multidisciplinary team including actuaries, data scientists, and risk specialists, reflecting SCOR's core values through "The SCOR Way" which emphasizes integrity, collaboration, and inclusivity.

Key Responsibilities

• Participate actively in quarterly reserving processes and contribute to a wide range of reserving projects for non-Lloyd's entities.
• Provide actuarial expertise in analyzing reserving requirements, financial impacts, and regulatory compliance.
• Support process and control improvements within the reserving department, ensuring proper documentation and adherence to best practices.
• Represent the reserving department effectively during project activities and cross-functional collaboration.

Required Qualifications and Skills

• Fellowship qualification from the Institute and Faculty of Actuaries (FIA) or equivalent (FCAS, FIAA) with minimum 7 years' experience in reserving roles within the Lloyd's/London Market preferred.
• Comprehensive knowledge of UK and French GAAP, Solvency II, and UK Solvency regulations.
• Fluent English communication skills.
• Understanding of IFRS17 and regulatory frameworks affecting insurance and reinsurance businesses.
• Deep expertise in property and casualty (P&C) insurance and reserving methodologies.
• Proven ability to analyze, explain, and report key financial changes and drivers.
• Experience in managing actuarial projects and driving departmental initiatives for process improvement.
• Proficiency with actuarial and reporting software including ResQ, and advanced use of Microsoft Excel, Word, and PowerPoint.
• Coding skills in VBA, SQL, Python, and familiarity with using Generative AI are advantageous.

Additional Information

SCOR is committed to diversity and inclusivity, welcoming applications from persons with disabilities. The company culture promotes open-minded collaboration and courage in decision-making. The role is strictly onsite based in Casablanca, ensuring close collaboration with the team and stakeholders.