P&C IFRS 17 Specialist

Description de l'offre

EMEA

Paris France (FR)

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P&C IFRS 17 Specialist

Permanent

Finance & Accounting

About SCOR

SCOR is the 4th largest Reinsurance Company worldwide, following a profit-driven underwriting policy and practising selectively across all branches of reinsurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
The Group’s strategy is based on a development model driven by three entities: SCOR Global P&C (Property and Casualty reinsurance), SCOR Global Life (Life reinsurance), and SCOR Global Investments (asset management).

- Job Summary

The new IFRS 17 accounting standard will be applicable from 1st January 2021 and SCOR is getting ready by launching an implementation phase during the next three years. The IFRS 17 implementation will concentrate work in the pricing, valuation, finance and IT areas with a very high involvement in 2018 and 2019 and a significant one in 2020.

The employee will contribute to the implementation, management and analysis of P&C division IFRS 17 technical results, on a worldwide perimeter but as well from a local legal entity standpoint.

- Key duties and responsibilities

Under the management of the P&C Finance Project and Business Analyst, the employee will be responsible for :

· Contributing to designing, building and testing phases on individual components of the solutions to be integrated (policy administration, cash-flow model, risk adjustment calculation, CSM calculation, onerous testing, analyse of change, planification, reporting and KPIs)
· Performing analysis, modelling and testing of parameters for calibration purpose (cost of capital, discount yield curve, diversification of benefits, expenses,…)
· Contributing at performing dry runs on the integrated solutions in order to ensure an efficient shift from IFRS 4 to IFRS 17 and ensuring that the entire end to end process works (IFRS 17 Income statement and Balance sheet and reconciliation between IFRS 17 and IFRS 4 to be computed, initial KPIs to be assessed)
· Building the documentation required by IFRS 17 regarding actuarial and financial topics

Ensuring the reconciliation with other GAAPs, notably Solvency 2 is appropriate and operational

-Required experience & competencies

Experience:

· Minimum 3/4 years as a Non-Life Actuary preferably in a (re)insurance entity or consulting firm; or as external auditor in the (re)insurance area.

Personal Competencies:

· Strong knowledge in IFRS and Solvency II regulatory environment
· Strong expertise in actuarial models (pricing, reserving, internal model, economic capital) and results analysis/reporting (KPIs, analysis of change,…)

Soft skills:

· Flexible, proactive, rigorous, the candidate shall have strong capabilities to adapt himself/herself to a challenging and demanding environment.

Digital Competencies:

· Expertise with IT tools and processes.

- Required Education

Actuarial and accounting background are required.

Degree in Actuarial Science or Master degree (or above) in Finance/Audit/Controlling from Business School with an actuarial background.

HR Contact : Léa Ferran