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SVP, Head of Pricing & Modelling P&C RI & MGA – Americas
SCORUnited Statesfull_timeVerifiedPosted 2 May 2024
About the role
The role will provide leadership, support and oversight of the P&C RI & MGA Pricing & Modelling in the region:
- drawing on extensive technical and commercial experience in overseeing the pricing and modelling for RI & MGA in the region
- leading the dedicated P&M team in the region in providing analytical support to underwriting by working in close co-operation with the various Heads of P&C RI & MGA Underwriting of the region and the relevant teams within CUO P&C organization
- providing support and leadership to enable the team to deliver the best possible and appropriate service for the underwriting teams and the other stakeholders in the region.
- monitoring the team’s workload and effectively allocating resources across markets within the region to maximize efficiency.
- sharing resources between regions during the key renewal periods, when possible and depending on the region team’s workload, in order to improve the global efficiency of the P&M teams.
- motivating and developing the team and facilitating the development of individuals through management, expertise and multi-competency paths in order to optimize their contributions to business objectives and to maximize the global efficiency.
- participating in the feedback loop process between pricing & modelling, Claims, underwriting, and reserving by understanding the needs of the stakeholders and in the improvement of the communication and processes around the departments
- identifying key drivers impacting the portfolio performance to support the underwriting in the decision-making and drive company growth in the region being pro- active in the improvement of the pricing and modelling activities and participate in various global projects with the diverse objectives and impacts beyond the region.
Leading a team of dedicated Pricing actuaries and Cat modellers for RI & MGA in the region, the role holder will have the responsibility for:
- Risk assessment of contracts and technical support to UW teams in the region’s markets through
- Transactional pricing and modelling, including peer reviews.
- ad-hoc services for UW and external clients
- contribution to the pricing parameters calibration in xAct under the responsibility of CPT
- Participate in the support of performance and profitability analyses in collaboration with the portfolio monitoring team
- Participate in the support of R&D activities in close collaboration with Portfolio Monitoring (Cat R&D) and P&C operations (Non-Cat R&D) to improve SCOR’s view of risks and the pricing and modelling models
- Participate in the knowledge development and sharing
- Collaboration with UW: work in close co-operation with the various Heads of P&C RI & MGA Underwriting of the region and ensure the team works alongside underwriting colleagues in better understanding client / market risk through regularly participating in client meetings, giving structural advice and new ideas, pricing in accordance with guidelines and deadlines, drive demand-based product innovation, and ensure pro-active participation in the planning process
- Strategic Planning: Develop and implement in the region the objectives and strategic vision for the RI & MGA P&M team in alignment with the COO P&C and the overall company’s strategy.
- Influence decision-making: influence business decisions by providing pricing recommendations and participating in strategic committees on planning and performance steering for the region
- 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, standardization and streamlining to gain efficiency, focus on the creation of innovative and tailor-made solutions adapted to the change in portfolio mix and allocate more time to analyses
- P&M Tactical Iniative follow up and enhancement: continue, promote and enhance the various P&C P&M initiatives already launched about the Value Proposition, Process Efficiency, Target Operating Model, Location Strategy and Talent Retention with a strong objective to better share resources within the region and between other regions and to optimize the tasks allocation
- Projects: participate to projects, interacting closely with other regions and working with P&C Operations and other stakeholders.
- Cross-functional communication: Participate in the feedback loops with underwriting, claims, reserving, finance, accumulations to ensure accurate and timely information exchange, resolve issu
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