SVP, Chief Reserving P&C Americas

The position is responsible to lead the Global R&P activities for the US entities, Brazilian, and Canadian entities and UW perimeters of US, Latam, Brazil and Canada. 

The standards covered are the Group IFRS 17, Solvency II on a contributive basis for the whole Americas scope and on a stand-alone basis the US STAT for the US entities and local IFRS 17 for the Canadian entities. The position is expected to demonstrate analytic leadership across the Americas book, including close coordination with Pricing, local Finance, Claims, Underwriting, and the Americas management teams. 

The position will also lead the actuarial analysis and perspective to the Americas, US and Canadian management and Board of Directors, and other stakeholders such as regulators, auditors, and peer reviewers. 

The position is also expected to a key-contributor and champion to P&C Reserving & Performance department’s initiatives and transformation and ensure the liaison between Central and Americas teams. They will be responsible to hire, manage, and develop their direct reports. 

• Quarterly / Annual Reserve Reviews: Coordinate and be accountable for/sign-off the quarterly roll-forward and annual reserve reviews for all US legal entities across all standards, notably baseline, Solvency II, US STAT, and IFRS 17 (Group and local), provide analytics and escalate to the Head of P&C Reserving and central team, and to the local management.

• Quarterly Reserving Reporting and Compliance: Produce and present quarterly loss reserve results to the committees / boards of the relevant legal entities

• Performance cycle and business dialog: Collaborate with P&C BU and R&P counterparts to ensure a robust Feedback-loop and contribute to the portfolio analyses and quarterly performance reviews on the assigned portfolios.

• P&C Reserving & Performance steering: Contribute to the steering of the R&P department with their manager and peers and ensure the liaison between RECP management and Head of P&C Reserving with the rest of the Americas team

• Compliance Third Party Management: Respond to reserving related queries from, and maintain good working relationships with, all relevant supervisory bodies, auditors, peer reviewers, rating agencies and the like

• Reserving Process Enhancements: Work closely with department R&P Regional and Central peers to develop, maintain, and enhance data foundations, reserving tools and diagnostics. Investigate novel reserving approaches / methodologies where appropriate.

• Statutory: Complete (or strongly coordinate/support the person/company in charge of) the US annual actuarial opinion summary, opinion report and statutory reporting in the remit of the appointed actuary. Complete (or strongly coordinate/support the person/company in charge of) the Canadian entities actuarial opinions, financial condition testing and applicable regulatory reporting.  Maintain currency with regulatory developments relevant to loss reserves. Coordinate with Risk Group Actuarial, internal/external auditors, regulators, peer reviewers, and other regulatory stakeholders.

• Talent Development: 

  • Shape roles and assignments in a way that maximizes individual capability and performance contribution

  • Mentor and regularly provide performance and professional development feedback, coaching and guidance to improve performance and build career potential (e.g. all direct reports receive regular feedback and well managed development plans)

• Risk: Maintain and complete quarterly internal SCOR ICS controls related to the insurance reserves of the relevant entities. Support analyses of the business plans and the ORSA process for the relevant entities.

• Must be a Fellow of the Casualty Actuarial Society (CAS) and ideally be able to sign off on Reserves on some of the legal entities in scope of Americas Reserving 

• Minimum of 10 years of relevant non-life insurance work experience in either US, Canadian or UK market. Experience with casualty exposures will be appreciated.

• Comprehensive understanding of US and/or Canadian regulatory requirements, US and/or Canadian statutory accounting, and expertise in IFRS17 and familiarity in Solvency II

• International insurance experience is a plus

• French language skills are a plus

• Ability to present complex issues to non-actuaries and to be comfortable and credible in terms of meeting with local senior management and the Board(s).
• Exceptional analytical and problem-solving skills 
• Strong ability to adapt to changing environments and operating models. 
• Builds ongoing partnerships with key stakeholders.

Relocation assistance within the U.S. is available for this position. Candidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.

Hybrid 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.

Pay Range for roles performed in IL: $275,000-$372,000, NY: $298,000-$403,000 base salary per year. Actual salaries may vary based on various factors including but not limited to location, 

experience, role and performance. The range listed is just one component of SCOR's total compensation 

package for employees. Other rewards may include annual bonuses, short- and long-term incentives. In addition, we provide a variety of benefits to employees, including health insurance 

coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.

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.