NatCat Modeller

At our brand-new Shared Business Platform (SBP) in Bucharest, we offer a dynamic environment where career growth is actively supported through internal mobility, globally recognized certifications, and continuous professional development. We value work–life balance, offering flexible work arrangements, and wellbeing initiatives that help you thrive both personally and professionally.

Now, let's explore this exciting opportunity so that you can be part of our mission.

The role involves

• Executing standard operational modelling tasks
• Contributing to the development of modelling methods and tools
• Participating in P&M projects and studies

Key duties and responsibilities

Support the Cat Modelling with ensuring smooth operations, by ensure pricing and accumulation are timely, accurate and compliant with guidelines and with the catastrophe risk management of SCOR's portfolio.

Executing Standard Operational Cat Modelling Tasks, under the supervision and guidance of senior staff (which can be located either in nearshore or onshore offices), the individual in this role will:

• Provide treaty reinsurance catastrophe modelling support to onshore cat pricers. Analyze cedant exposure/modelled results received from clients/brokers and import into vendor risk modelling environment for in-house modelling.
• Assist in delivering catastrophe risk pricing of treaty reinsurance using those vendor models, experience and/or internally developed tools as per SCOR process and guidelines.
• Support the monitoring of utilized capacity using specific tools.
• Communicate and collaborate adequately within the nearshore team and with the onshore teams to ensure smooth renewal process following pricing/modelling guidelines
• Support MGA quarterly dashboards monitoring /studies
• Support SBS Cat modelling
  Training of interns

P&M activities, processes and methods improvement: participate in the evaluation and enhancement of the P&M processes, workflows, methods, tools (xAct, vendor models, new tools, ...), identifying opportunities for automation, standardisation and streamlining to gain efficiency.

Help expand SCOR's Analytical Capabilities:

• Tools: develop code, support testing and maintenance, and collaborate with IT.
• Data Analysis: extract insights from data to support decision-making within pricing / modelling teams, underwriting functions and management.
  Dataflows: Maintain and streamline dataflows in Pricing & Modelling, P&C, and Group databases (PANEL, ARC Sandbox, Foundry)

Project / Research & Dev:

• Support onshore teams with various Nat Cat projects as needed including collaborating on projects to address specific queries regarding hazard, vulnerability and model behaviour.
• Learn to understand and analyze vendor models.
• Participate in research to better understand natural perils
• Lead of small projects

Required experience & competencies

• Some work experience in the financial services industry, preferably in reinsurance with a focus on analytical and/or actuarial work, for instance the development and structuring of reinsurance products, financial instruments, and pricing tools
• Sound knowledge of Microsoft Office (Proficiency in Excel). SQL. GIS. Programming skills ideally in R or Python.
• Knowledge of RMS RiskLink/RiskModeller and/or AIR Touchstone user interface platforms is a plus
• Strong analytical skills. Pro-active, hands-on mentality and can-do attitude. Self-starter and solution oriented. Flexible, can adapt according to priorities. Expertise in digital technology
• Clear communicator, able to structure an argument and ability to explain complex issues in a simple way. Team player, interested in sharing knowledge and helping to develop the team.
• Professional Skills in data science, predictive modelling & analytics, machine learning, AI
• Professional Programming skills

Required Education

• Excellent academic qualifications including a minimum of a bachelor's degree in mathematics, actuarial science, other scientific discipline (statistics, physics, natural science), economics or finance. An advanced degree (master's or PhD) would be a plus.
• English: B2 level (CECRL)

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.